Tag: Recession

A Popular Bet on Chinese Growth Is Falling Out of Favor

SYDNEY—China’s role as a key driver of the Australian dollar is being re-evaluated in global markets, helping send the currency to levels well below where traditional modeling suggests...

Dow win streak at risk ahead of tech results as China crackdown threatens rally

U.S. stock-index futures were mixed Tuesday morning ahead of quarterly results from some of the most prominent names in the technology sector, with a Chinese...

What History Tells Us About Inflation’s Impact on Everyday Americans

July 21, 2021 5 min read This story originally appeared on The Epoch Times Inflation rates are up 5 percent since May 2020, which signals...

China’s Economic Growth Slows in the Second Quarter

BEIJING—China’s economic rebound slowed in the second quarter but continued to show unusual resilience more than a year after the country largely got control of...

G20 warns of risk to global recovery from virus variants

The global economic recovery is at risk from the rise of new coronavirus variants and poor access to vaccines in developing countries, finance ministers of...

Opinion: If you want to fix climate change, you need to fix this flaw in conventional economic thought

BRUSSELS, Belgium (Project Syndicate)—Nowhere are the limitations of neoclassical economic thinking—the DNA of economics as it is currently taught and practiced—more apparent than in the...

The No. 1 reason workers are considering switching jobs

Many workers are ready to bounce. Some 95% of respondents in a new survey were “currently considering changing jobs,” and 92% said they would switch...

Biden’s long-term spending plans ‘are not about overheating the economy,’ says White House adviser

Top White House economic adviser Brian Deese on Wednesday defended some of the Biden administration’s long-term spending plans, characterizing the proposed outlays as not connected...

ECB to Keep Monetary Stimulus in Place

FRANKFURT—The European Central Bank upgraded its economic outlook for the eurozone but said it would keep its aggressive monetary stimulus in place, signaling a likely...

Brazil’s Economy Bounces Back to Pre-Pandemic Levels While Covid-19 Still Rages

Brazil’s economy has returned to pre-pandemic levels, lifted by the biggest stimulus in emerging markets and a return to normal activity by many Brazilians who...

India’s Covid-19 Surge to Hamper Economic Recovery

DEHRADUN, India—India’s coronavirus surge is starting to recede, but job losses and soaring medical expenses related to Covid-19 will weigh on spending and the country’s...

China’s Economic Recovery Slowed in April

BEIJING—China’s economic activity grew at a slower pace in April as retail sales missed expectations, complicating the picture of a steady and balanced recovery in...

The resurgent U.S. economy grew 6.4% in first quarter and even faster growth lies ahead

The numbers: The U.S. economy charged ahead in the first three months of the year thanks to more Americans getting vaccinated, fewer people catching the...

Powell says ‘it will be a while’ before Fed taps the brakes on economy

Fed Chairman Jerome Powell returned to “60 Minutes” on Sunday to tell Americans that the economy is going to start growing strongly, but they shouldn’t...

Opinion: Stock investors are being warned that reflation doesn’t always lift the market higher

Just a week ago Goldman Sachs increased its forecasted U.S. GDP growth rate for calendar 2021 to 8%, and since then the total U.S. stock...

Fed’s Daly says asset prices are elevated, but that should not drive interest-rate decisions

Asset prices are elevated more than they have been historically, but that is not something that should drive the Federal Reserve policy decisions, a top...

S&P 500 earnings recession set to end, as Q4 EPS swings to growth

The S&P 500 earnings recession is now set to end, as bottom-line results for the fourth quarter have swung to growth for the first time...

GDP shows economy grew at 4% annual pace at the end of 2020

The numbers: The U.S. grew at a modest 4% annual pace in the final three months of 2020 as a record wave of coronavirus cases...

‘We have not won this yet,’ Fed’s Powell says, signaling policy to remain ultra-easy

Federal Reserve Chairman Jerome Powell on Wednesday said the central bank hasn’t finished the job of restoring the economy to health, a dovish signal that...

Think higher inflation is coming? The Fed will believe it when it sees it

Federal Reserve officials will meet this week just as prospects for fiscal stimulus get a big boost after Democrats won control the Senate. Some on...

Fed’s Harker sees ‘significant slowdown’ in U.S. economy in first three months of year

The U.S. economy will likely experience a significant slowdown early in 2021, Philadelphia Federal Reserve President Patrick Harker said on Thursday. “On the national level,...

Out-of-equilibrium economy will keep the Fed ‘hostage’ to stock market, strategist argues

It’s the time of year to look back over the last 12 months, but one strategist reached back to the 19th century to describe what’s...

Economy, earnings set to recover faster but inflation a concern: CEOs in ET poll

Mumbai: About 75% participants in an exclusive ET CEO poll said the economy and earnings are set to recover faster than expected from the pandemic-induced...

Will November’s ‘disappointing’ jobs report bolster the case for a second round of stimulus checks?

Retail jobs last month fell by 35,000, a reflection of “less seasonal hiring in several retail industries,” according to the Bureau of Labor Statistics’ Friday...

View: Forget `recession’ talk; Focus on big reforms and win!

Sometimes when you are so focused on a particular development or theme or a number, you can make the mistake of ignoring bigger developments around...