Fri, January 27, 2023

economy

Oil

Oil rises over 1%

On Thursday, oil increased by more than 1%, helped by hopes that China’s demand outlook and upcoming U.S. inflation data will indicate a slower rise in interest rates. After lifting strict COVID-19 strict curbs, top oil importer China is reopening its economy, boosting confidence that fuel demand will increase in 2023. Brent crude had risen …

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World May See Itself Nearing Reccession in 2023

The World Bank has recently released its latest report, Global Economic Prospects. The report has slashed its global growth forecasts from projections made in mid-2022 due to worsening economic conditions. In total, the global economic growth outlook for the global economy has shrunk to 1.7% for 2023. That proposes a significant decrease from its earlier …

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stock exchanges; global crisis written on paper – wibestbroker

How Will the 2023 Recession Differ from The 2008 Recession?

The early 1980s hyperinflation set the stage for the Fed’s current actions. The Federal Reserve raises interest rates and tightens the money supply to cool an overheated economy. This causes the economy to contract and ultimately leads to a burst of inflation at the expense of recession. The storm will hit at the end of …

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Why are Wall Street Analysts as Pessimistic as Ever?

Why Are Wall Street Analysts as Pessimistic as Ever?

With the start of a corporate earnings season this week, the stock market will face its next big test. Analysts’ concerns over inflation and the economy’s health are expected to dominate the policy debate. According to FactSet, analysts anticipate S&P 500 firms to report their first year-over-year quarterly earnings decline since the Covid-19 pandemic in …

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