Economy

Are Central Banks Deliberately Causing a Recession? Fed, ECB and BoE Signal More Rate Hikes

To put things in perspective, even as the Blackrock analysts made this comment, Federal Reserve policymakers said they will go for further rate tightening to control inflation.

Jan 19, 2023

By Jacob J

Dollar Declines 10% From 2-Decade Peak; It's China Resurgence That Hurts Greenback

Some analysts say that China's emergence from a protracted Covid-19 lockdown and the positive sentiment this has stirred up are driving the greenback down.

Jan 18, 2023

By Jacob J

Russia's Current Account Surplus Zooms 86% to Hit Record $227 Billion as Oil Exports Stays Robust

Trade between Russia and China hit a record high of $190 billion last year, Chinese customs data showed.

Jan 18, 2023

By Reuters

China's Economic Recovery Needs a Stimulus Package: S&P Global

The full reopening of mainland China's borders is likely to be delayed until international restrictions against China-originated travel are dropped.

Jan 17, 2023

By IANS

Emerging Markets: After a Rough Year, What Investors Expect From Developing Economies in 2023

Analysts expect a sharp pick-up in consumption and investment in China from mid-2023 onwards.

Dec 28, 2022

By Reuters

US Central Bank Tightens Monetary Policy Again to Bring Benchmark Rates to the Highest Level Since 2007

The US Federal Reserve increased benchmark interest rates by 50 basis points on Wednesday, bringing the US rates to the range of 4.25-4.50 percent.

Dec 15, 2022

By Jacob J

China Covid-19 Infections Hit Record High; Central Bank Infuses $70 Billion Into Faltering Economy

The Chinese economy's growth had decelerated to just 3 percent in the first three quarters of 2022, which is far below the targeted annual growth rate of around 5.5 percent.

Nov 25, 2022

By Jacob J

Coronavirus

Recession Worries to Ease as Fed Minutes Suggest Pace of Interest Rate Hikes Will Slow Down

The minutes of the policymakers' meeting earlier this month showed that a 'substantial majority' of policymakers thought it was now okay to reduce the pace of the rate hike.

Nov 24, 2022

By Jacob J

Jeff Bezos Warns of Recession, Advises Americans to Take' Some Risk Off The Table'

The Amazon founder advises consumers to keep their cash safe and avoid unnecessary spending.

Nov 20, 2022

By IANS

Fed Worsens Recession Fears; Says There's No Plan to Pause Rate Hikes After 75 bps Increase

The inflation picture has become more and more challenging over the course of this year, says Federal Reserve Chairman Jerome Powell.

Nov 3, 2022

By Jacob J

Hong Kong Economy Shrinks for 3rd Straight Quarter; Asian Financial Hub on Brink of Recession

Hong Kong's economic contraction was the deepest since the Q2 numbers of 2020 showed the GDP product shrank 9.4 percent.

Oct 31, 2022

By Jacob J

US Economy Grows 2.6% in Third Quarter, Dispelling Recession Fears

The US economy had shrunk as much as 1.6 percent and 0.6 percent in the first and second quarters of the year.

Oct 28, 2022

By Jacob J

Luxury Home Prices in Shanghai Fall 40% as the Wealthy Sell Out After Xi Jinping Power Grab at China Party Congress

Real estate analysts tell Radio Free Asia that rich people are selling off properties in cities like Shanghai, Wuhan, Beijing, Jiangsu and Zhejiang.

Oct 27, 2022

By Jacob J

Singapore economy expands by 1.8 per cent in Quarter 1

Singapore Central Bank Signals Subdued Economic Growth as China Curbs Hit Key Segments

Data showed that Singapore's economy expanded an impressive 4.4 percent on a year-on-year in the third quarter.

Oct 27, 2022

By Jacob J

Yuan Tumbles and China Stocks Crash as Xi Jinping's Limitless Powers Spook Markets

Offshore yuan weakened 0.7 percent against the US dollar and the Hang Seng China Enterprises Index plummeted more than 5 percent on Monday morning.

Oct 24, 2022

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

Are Central Banks Deliberately Causing a Recession? Fed, ECB and BoE Signal More Rate Hikes

Dollar Declines 10% From 2-Decade Peak; It's China Resurgence That Hurts Greenback

Russia's Current Account Surplus Zooms 86% to Hit Record $227 Billion as Oil Exports Stays Robust

China's Economic Recovery Needs a Stimulus Package: S&P Global

Emerging Markets: After a Rough Year, What Investors Expect From Developing Economies in 2023

US Central Bank Tightens Monetary Policy Again to Bring Benchmark Rates to the Highest Level Since 2007

China Covid-19 Infections Hit Record High; Central Bank Infuses $70 Billion Into Faltering Economy

Recession Worries to Ease as Fed Minutes Suggest Pace of Interest Rate Hikes Will Slow Down

Jeff Bezos Warns of Recession, Advises Americans to Take' Some Risk Off The Table'

Fed Worsens Recession Fears; Says There's No Plan to Pause Rate Hikes After 75 bps Increase

Hong Kong Economy Shrinks for 3rd Straight Quarter; Asian Financial Hub on Brink of Recession

US Economy Grows 2.6% in Third Quarter, Dispelling Recession Fears

Luxury Home Prices in Shanghai Fall 40% as the Wealthy Sell Out After Xi Jinping Power Grab at China Party Congress

Singapore Central Bank Signals Subdued Economic Growth as China Curbs Hit Key Segments

Yuan Tumbles and China Stocks Crash as Xi Jinping's Limitless Powers Spook Markets

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