Economy

US Job Growth Data: Robust Hiring in March Shows Economy Continues to Expand at Brisk Pace

Nonfarm payrolls increased by 236,000 jobs last month, the survey of establishments showed.

Apr 8, 2023

By Reuters

IMF Managing Director Kristalina Georgieva

IMF Warns 2023 Global Economic Growth Will Be The Weakest Since 1990 Due To Rising Interest Rates

The IMF's latest World Economic Outlook will be released next week, giving more details of the financial body's assessment of the global economy.

Apr 6, 2023

By Jacob J

China's Xi Jinping says Belt and Road Initiative needs to reject protectionism, 30 leaders agree to support

China's Belt Road Bill: Beijing Spends $240 Billion to Bail Out These Countries

Argentina received the most, with $111.8 billion, followed Pakistan on $48.5 billion and Egypt with $15.6 billion. Nine countries received less than $1 billion.

Mar 28, 2023

By Reuters

Putin Says Russian Unemployment Rate Has Dropped to Record Low and Incomes Have Been Rising

Though crippling Western sanctions on Russia hit its banks, tech industry and the super rich, the country in general has been spared the worst impacts of a disastrous war.

Mar 15, 2023

By Jacob J

World Bank Announces Additional $2.5 Billion In Ukraine Aid; Total Reaches $20.6 Billion

The money will support salaries in core government functions and sectors such as healthcare and education while allowing Kyiv to pay pensions and support internally displaced people.

Feb 25, 2023

By Reuters

Eurozone Avoids Recession as Inflation Edges Down and Gas Price Surge Abates

However, six eurozone countries including large economies like Germany and Italy reported negative economic growth in the fourth quarter of 2022.

Feb 15, 2023

By Jacob J

The Cost of Earthquake: Turkey Suffers Loss of At Least $84 Billion; GDP to Fall by 2 Percentage Points

The 10 provinces that were hit by the earthquake contribute as much as 10 percent of Turkey's GDP.

Feb 13, 2023

By Jacob J

Singapore economy expands by 1.8 per cent in Quarter 1

Singapore Says Economy Will Expand up to 2.5% in 2023 as Demand Outlook Improves

Singapore's Ministry of Trade and Industry said the southeast Asian economy is expected to grow in a range of 0.5 percent to 2.5 percent in 2023.

Feb 13, 2023

By Jacob J

China's Race to Become Global Digital Leader and Biggest Economy at Risk as US Tightens Chip War

Though China has a huge advantage in various segments of the economy, its weakness lies in the semiconductor segment.

Feb 8, 2023

By Jacob J

US Unemployment Falls to 53-Year Low as Job Creation Booms: SIX Points

The stronger than expected job numbers were accompanied by a a fall in the unemployment rate to 3.4 percent, marking the lowest jobless level in as many as 53 years.

Feb 3, 2023

By Jacob J

Pakistani Rupee Plunges to Historic Low as Uncertainty Over IMF Rescue Package Grows

An IMF mission is currently in Pakistan holding talks on the ninth review that will continue till February 9 after which a staff-level agreement is expected between the two sides.

Feb 3, 2023

By IANS

Britain Will be The Only G7 Economy Predicted to Shrink in 2023 as Economic Recovery Faces Challenges

The UK chancellor Jeremy Hunt last week warned a sense of declinism was hampering the UK's economic recovery.

Feb 1, 2023

By IANS

New IMF Report Shows Global Economy Will Perform Better in 2023; US, Europe to Stay Strong

In its 2023 GDP forecasts, the IMF said it now expected U.S. GDP growth of 1.4%, up from 1.0% predicted in October and following 2.0% growth in 2022.

Jan 31, 2023

By Reuters

US Economy Powers to 2.9% Growth in Fourth Quarter, Records Stronger Than Expected Expansion

The surprisingly strong performance of the US economy happened despite the US central bank aggressively raising interest rates during 2022 in an effort to beat high inflation.

Jan 27, 2023

By Jacob J

Will 'Bankrupt' US Mint $1 Trillion Platinum Coin to Go Around Debt Ceiling and Avoid Default?

As per the Treasury the US government has run out of money to pay its bills and the Congress must pass a resolution that lifts the debt ceiling.

Jan 24, 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

US Job Growth Data: Robust Hiring in March Shows Economy Continues to Expand at Brisk Pace

IMF Warns 2023 Global Economic Growth Will Be The Weakest Since 1990 Due To Rising Interest Rates

China's Belt Road Bill: Beijing Spends $240 Billion to Bail Out These Countries

Putin Says Russian Unemployment Rate Has Dropped to Record Low and Incomes Have Been Rising

World Bank Announces Additional $2.5 Billion In Ukraine Aid; Total Reaches $20.6 Billion

Eurozone Avoids Recession as Inflation Edges Down and Gas Price Surge Abates

The Cost of Earthquake: Turkey Suffers Loss of At Least $84 Billion; GDP to Fall by 2 Percentage Points

Singapore Says Economy Will Expand up to 2.5% in 2023 as Demand Outlook Improves

China's Race to Become Global Digital Leader and Biggest Economy at Risk as US Tightens Chip War

US Unemployment Falls to 53-Year Low as Job Creation Booms: SIX Points

Pakistani Rupee Plunges to Historic Low as Uncertainty Over IMF Rescue Package Grows

Britain Will be The Only G7 Economy Predicted to Shrink in 2023 as Economic Recovery Faces Challenges

New IMF Report Shows Global Economy Will Perform Better in 2023; US, Europe to Stay Strong

US Economy Powers to 2.9% Growth in Fourth Quarter, Records Stronger Than Expected Expansion

Will 'Bankrupt' US Mint $1 Trillion Platinum Coin to Go Around Debt Ceiling and Avoid Default?

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