Economy

Goldman Sachs Cuts Probability of US Recession in Next 12 Months

Economic activity has remained resilient, despite significantly higher borrowing costs since the Fed started its rate-hiking campaign in early 2022.

Jul 18, 2023

By Reuters

China exports and imports fall more than expected in July due to weakening demand

China's Post-COVID Boom is Dead? Frail Q2 GDP Growth Suggests More Policy Support is Likely

Gross domestic product grew just 0.8% in April-June from the previous quarter, on a seasonally adjusted basis, data released by the National Bureau of Statistics showed on Monday.

Jul 17, 2023

By Reuters

What is Disinflation? US Annual Inflation Marks the Smallest Increase Since March 2021

Disinflation is a point where the inflation rate is falling but the overall inflation remains above target rates. This happens when prices are still rising, but at a slower rate than earlier.

Jul 14, 2023

By Jacob J

Pakistan's Forex Crisis Worsens; Dollar Crunch to Force Import Suspension of Eatables and Drinks

Left with barely enough foreign exchange reserves to cover one month's imports, the coalition government is desperately trying to manage a balance of payments crisis and bring inflation under control after it hit a record of nearly 38 per cent last month.

Jun 19, 2023

By IANS

US Central Bank Halts Rate Hikes After 10 Consecutive Increases; Hints More to Come

The US Federal Reserve decided to maintain the key borrowing rate in a target range of 5%-5.25%.

Jun 15, 2023

By Jacob J

India's Internet Economy Projected to Expand From $175 Billion to $ Trillion by 2030

Another report says the internet economy's contribution to India's technology sector is expected to grow from 48 percent to 62 percent by 2030.

Jun 7, 2023

By IANS

US GDP and Employment Data Shows Economy is Robust, Recession Fears Were Misplaced

The world's largest economy expanded more than expected in the first quarter, even as inflation and jobless numbers also stayed positive.

May 26, 2023

By Jacob J

US Set to Avert Default as Biden and McCarthy Edge Close to Deal on Raising Debt Limit

It was reported earlier on Thursday that the two sides were dead-locked on the details about the plan to cut the US government's discretionary spending.

May 26, 2023

By Jacob J

Biden Warns of Catastrophe as First Ever US Debt Default Looms; SIX Points

The US government has never defaulted in its interest in payment commitments.

May 15, 2023

By Jacob J

Pakistani Rupee Plunges to Record Low of 299 Against US Dollar Amid Political Crisis

Financial pundits believe that the rupee has been depreciating due to political and social unrest caused after the arrest of PTI Chairman Imran Khan.

May 12, 2023

By IANS

Federal Reserve Raises Rates For the 10th Time in 14 Months, Says No Rate Cuts in Near Future

The Fed chairman also suggested it would be premature to expect any rate cuts in the near future as inflation remains high.

May 4, 2023

By Jacob J

China Q4 GDP grows 6.8 percent, slightly more than expectations, but rises debt risks

Chinese Economy Posts Solid Q1 Growth; IMF Says China Set to Lead Global Expansion in Next 5 Years

The NBS data shows that China's exports surged in March, while consumption, services and infrastructure spending increased in all of the last three months.

Apr 18, 2023

By Jacob J

IMF Cuts Pakistan Economic Growth Forecast as Concerns Over 'Deep-rooted Financial Crisis' Grow

In a latest forecast, the IMF has reduced the economic growth estimates of Pakistan to 0.5 per cent, while the inflation spike projection estimates are far above 20 per cent for at least two years.

Apr 12, 2023

By IANS

Singapore's First Quarter Economic Growth Hits Slower Pace Than Expected, New Poll Shows

According to the Reuters poll, the gross domestic product (GDP) of Singapore grew by 0.6 percent in the January-March period compared with a year ago.

Apr 12, 2023

By Jacob J

Pakistan Needs to Repay $77 Billion in External Debt in 3 Years; Default is a Real Threat, Says Think Tank

The size of Pakistan's external debt as of the end of 2022 is a staggering $126.3 billion.

Apr 9, 2023

By Jacob J

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BLOGS AND FEATURES

Analysis: US Growth, a Puzzle to Policymakers, Could Pose Global Risks

By Reuters

Previous 1 of Next

Economy

Goldman Sachs Cuts Probability of US Recession in Next 12 Months

China's Post-COVID Boom is Dead? Frail Q2 GDP Growth Suggests More Policy Support is Likely

What is Disinflation? US Annual Inflation Marks the Smallest Increase Since March 2021

Pakistan's Forex Crisis Worsens; Dollar Crunch to Force Import Suspension of Eatables and Drinks

US Central Bank Halts Rate Hikes After 10 Consecutive Increases; Hints More to Come

India's Internet Economy Projected to Expand From $175 Billion to $ Trillion by 2030

US GDP and Employment Data Shows Economy is Robust, Recession Fears Were Misplaced

US Set to Avert Default as Biden and McCarthy Edge Close to Deal on Raising Debt Limit

Biden Warns of Catastrophe as First Ever US Debt Default Looms; SIX Points

Pakistani Rupee Plunges to Record Low of 299 Against US Dollar Amid Political Crisis

Federal Reserve Raises Rates For the 10th Time in 14 Months, Says No Rate Cuts in Near Future

Chinese Economy Posts Solid Q1 Growth; IMF Says China Set to Lead Global Expansion in Next 5 Years

IMF Cuts Pakistan Economic Growth Forecast as Concerns Over 'Deep-rooted Financial Crisis' Grow

Singapore's First Quarter Economic Growth Hits Slower Pace Than Expected, New Poll Shows

Pakistan Needs to Repay $77 Billion in External Debt in 3 Years; Default is a Real Threat, Says Think Tank

Analysis: US Growth, a Puzzle to Policymakers, Could Pose Global Risks

Analysis: US Growth, a Puzzle to Policymakers, Could Pose Global Risks

UK Retailers to Trim Jobs and Costs as Consumer Spending Slumps Amid Tight Rates

UK Retailers to Trim Jobs and Costs as Consumer Spending Slumps Amid Tight Rates

China Trims Rates to Revive Growth; Markets Sink on Lower-Than-Expected Cut

China Trims Rates to Revive Growth; Markets Sink on Lower-Than-Expected Cut