Economy

Economist Nouriel Roubini Says US Will Slip Into Recession by the End of the Year

Roubini says consumer confidence is dipping even as sectors like retail sales, manufacturing and housing are slowing down.

Jun 21, 2022

By Jacob J

Elon musk

How Russia Hurts the US Economy: Biden Mired in Stagflation Threat as Russia's Oil and Gas Revenue Soars

According to Bloomberg,Russia's oil and gas revenues will hit $285 billion in 2022, which is a whopping 20 percent higher than last year's revenue.

Jun 20, 2022

By Jacob J

US Central Bank Hikes Interest Rates by 75 Basis Points, Biggest Increase in 25 Years

Along with the monetary tightening, the Federal Reserve also lowered the US economic outlook for the year.

Jun 16, 2022

By Jacob J

World Bank Raises Stagflation Risk, Says Many Countries Will Slip Into Recession

The World Bank slashed its forecast for global growth this year to 2.9 percent, which is remarkably lower than the 4.1 percent forecast in January.

Jun 8, 2022

By Jacob J

More than 60% of Americans Believe Biden's Handling of Economy Hurt Them

According to Reuters, Biden's approval rating has been below 50 percent for more than six months.

Jun 5, 2022

By Jacob J

US economy expands 1.4% in fourth quarter; corporate profits fall

JPMorgan's Dimon Warns of Economic Hurricane as Fed Beige Book Alerts Big Downshift

Meanwhile, according to a Labor Department report, US job openings dropped in April from a record in March.

Jun 2, 2022

By Jacob J

Goldman Sachs Chairman Says US Runs Very High Risk of Slipping Into Recession

Blankfein's grim comment came even as the US Federal Reserve continues to raise interest rates to control rising inflation.

May 16, 2022

By Jacob J

Federal Reserve Raises Interest Rates by 0.5%, Sharpest Hike in 22 Years

The Federal Open Market Committee, the Fed's policy-making body, decided to raise the target range for the federal funds rate to 0.75 to 1 percent.

May 5, 2022

By IANS

Tesla Reports $3 Billion Profit in Q1; Shares Surge as EV-Maker Plans to Boost Output in 2022

The electric vehicle and solar panel company reported $18.7 billion in revenues in the first quarter.

Apr 21, 2022

By Medha Bhagwat

Elon musk

There is 35% Chance the US Economy Will Slip Into Recession - Goldman Sachs

Emerging from the slack built up over the last two years due to the coronavirus pandemic, the Federal Reserve has no way but to tighten the monetary policy.

Apr 18, 2022

By IBTimes APAC Desk

Japan's Greenhouse Emissions Fall to Record Low; 5.1% Drop Marks Seven Consecutive Years of Decline

Japan raises its climate goal marked in April 2021 and vows to achieve the 2030 target of reduced emissions by 46 percent

Apr 15, 2022

By Medha Bhagwat

Asia stocks rise before central bank meetings, oil bounces

Asian Economies Tighten Monetary Policy; Raise Interest Rates Amid Soaring Inflation

South Korea and Singapore have tightened their monetary policies amidst risks from Ukrainian War.

Apr 14, 2022

By Medha Bhagwat

Ukraine Says Economy Poised to Shrink a Whopping 40% in 2022 Due to Russia War

Earlier in March, the International Monetary Fund had said that Ukraine's economy was expected to contract by 10 percent in 2022.

Apr 2, 2022

By IBTimes APAC Desk

Fed Will Raise Interest Rates More Aggressively if Needed, Says Powell

Fed policymakers hope to rein in inflation without stomping on growth or sending unemployment back up.

Mar 22, 2022

By Reuters

Sanctions Will Rebound on West, Russia Will Emerge Stronger, Says Putin

Russia has banned exports of telecom, medical, auto, agricultural, electrical and tech equipment, among other items, until the end of 2022.

Mar 11, 2022

By Reuters

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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

Economist Nouriel Roubini Says US Will Slip Into Recession by the End of the Year

How Russia Hurts the US Economy: Biden Mired in Stagflation Threat as Russia's Oil and Gas Revenue Soars

US Central Bank Hikes Interest Rates by 75 Basis Points, Biggest Increase in 25 Years

World Bank Raises Stagflation Risk, Says Many Countries Will Slip Into Recession

More than 60% of Americans Believe Biden's Handling of Economy Hurt Them

JPMorgan's Dimon Warns of Economic Hurricane as Fed Beige Book Alerts Big Downshift

Goldman Sachs Chairman Says US Runs Very High Risk of Slipping Into Recession

Federal Reserve Raises Interest Rates by 0.5%, Sharpest Hike in 22 Years

Tesla Reports $3 Billion Profit in Q1; Shares Surge as EV-Maker Plans to Boost Output in 2022

There is 35% Chance the US Economy Will Slip Into Recession - Goldman Sachs

Japan's Greenhouse Emissions Fall to Record Low; 5.1% Drop Marks Seven Consecutive Years of Decline

Asian Economies Tighten Monetary Policy; Raise Interest Rates Amid Soaring Inflation

Ukraine Says Economy Poised to Shrink a Whopping 40% in 2022 Due to Russia War

Fed Will Raise Interest Rates More Aggressively if Needed, Says Powell

Sanctions Will Rebound on West, Russia Will Emerge Stronger, Says Putin

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