Today: 17. Dec, 2024
The U.S. economy displayed an unexpected growth spurt from April to June, achieving a 2.4% annual growth rate. This resilience was exhibited even amidst steadily rising interest rates due to the Federal Reserve’s ongoing 16-month efforts to curb inflation. On Thursday, the…
The International Monetary Fund (IMF) has delivered an encouraging update on the state of the global economy, indicating stronger resilience than previously expected. However, amidst the progress, the IMF warns that inflation continues to be the biggest threat to sustained recovery. In…
As the post-pandemic economy takes shape, concerns are growing over the threats to sustained economic growth. Despite a temporary boost from stimulus packages, productivity growth remains sluggish, and the wages share of the economy lingers near record lows in many developed nations.…
The year 2023 has been marked by substantial progress for the S&P 500, experiencing a robust rally that has propelled it to a remarkable 15% increase thus far. Although the index still trails approximately 5% below its previous record high, this suggests…
China’s once-promising economic recovery has hit a stumbling block, prompting a notable change in the country’s approach to diplomatic talks and economic policies. The faltering economy has led senior Chinese officials to engage in discussions with geopolitical rivals and display greater openness…
Renowned strategist David Roche has made a bold prediction, stating that the global economy is likely to dodge a recession. Roche suggests that central banks must adapt their approach to inflation targets to maintain stability. While economists express concerns about the impact…
Kokou Agbo-Bloua, a prominent economist at Societe Generale, asserts that central banks have reached a critical juncture in their battle against inflation. While the headline inflation figure is slowly approaching the Federal Reserve’s target of 2%, persistently high core prices, excluding volatile…
To counter inflation, the Federal Reserve is determined to persist in increasing interest rates, a move expected to cause a surge in corporate defaults in the coming months. As of May, the corporate default rate has risen, indicative of U.S. companies wrestling…
The global economy is standing at a critical juncture, grappling with a combination of high inflation and financial fault lines that could have long-lasting repercussions on prosperity worldwide. As supply chains stabilize and central banks embark on monetary policy tightening, there is…
China’s Premier Li Qiang struck an optimistic tone on the country’s economic growth during a speech at the World Economic Forum summit in Tianjin. Despite mounting concerns and a recent slowdown in various sectors, Premier Li expressed confidence in achieving the annual…
