Massive Layoffs At Major New Jersey Corporations a Bad Look for Governor Murphy, Economy Touting Dems
TRENTON, N.J. — Thousands of jobs across New Jersey are set to be eliminated, according to Worker Adjustment and Retraining Notification (WARN) notices filed by major employers in the state. The layoffs,…
There’s A Ticking Time Bomb At The Center Of America’s Economy
There’s A Ticking Time Bomb At The Center Of America’s Economy John Hugh DeMastri on September 6, 2022 As defaults in the junk-loan market reach their highest levels in two years, investors…
UK construction shrinks again as economy feels inflation heat-PMI
By William Schomberg LONDON (Reuters) – British construction companies suffered a second straight month of contraction in the face of deep uncertainty about the outlook for the inflation-hit economy, a survey showed…
Explainer-Liz Truss inherits UK economy heading for recession as new PM
LONDON (Reuters) – Britain’s next prime minister Liz Truss will face an economy that is forecast to go into a long recession later this year, with inflation at a 40-year high and…
UK economy slides into contraction in August, PMI suggests
LONDON (Reuters) – Britain’s economy ended August on a much weaker footing than previously thought as overall business activity contracted for the first time since February 2021 in a clear signal of…
Pakistan Finance Minister expects economy to grow more than 3.5% this FY – Bloomberg News
(Reuters) – Pakistan Finance Minister Miftah Ismail expects the economy to grow more than 3.5% for the fiscal year that started in July, Bloomberg News reported on Saturday. Ismail predicted inflation, running…
Mexico’s economy seen reaching pre-pandemic levels in 2023, lagging peers -Fitch
MEXICO CITY (Reuters) – Mexico’s economy is forecast to finally claw its way back to pre-pandemic levels sometime next year, ratings agency Fitch Ratings said on Friday, after COVID-19 ground the global…
SHEFFIELD: While Biden Blames Others For His Failures, America’s Economy Continues To Nosedive
SHEFFIELD: While Biden Blames Others For His Failures, America’s Economy Continues To Nosedive Carrie Sheffield on September 2, 2022 It’s official, America’s job market is slowing down, and we have President Joe…
Brazil’s govt to improve 2022 GDP forecast, says monetary policy won’t devastate economy
BRASILIA (Reuters) – Brazil’s Economy Ministry will improve its forecast for 2022 gross domestic product from the 2% growth seen in July, which is already “dated,” said Rogerio Boueri, head of Economic…
Euro zone economy faces growing risk of recession, survey shows
By Jonathan Cable LONDON (Reuters) – Manufacturing activity across the euro zone declined again last month as consumers feeling the pinch from a deepening cost of living crisis cut spending, a survey…
Russia’s economy in July shrinks 4.3% year on year
(Reuters) – Russia’s economy shrank by 4.3% in July year on year after contracting by 4.9% in June, the economy ministry said on Wednesday. In January through July, the economy shrank by…
Violence In Iraq Could Throttle The US Economy. Here’s Why
Violence In Iraq Could Throttle The US Economy. Here’s Why Micaela Burrow on August 30, 2022 Iraq’s political situation is growing increasingly unstable after violent protests broke out this week, threatening Iraq’s…
China pledges to lift economy with stable employment, prices in H2
BEIJING (Reuters) -China will step up measures to boost demand and stabilise employment and prices in the second half of the year to optimise economic outcomes, the country’s finance ministry said on…
India’s status as world’s fastest growing major economy to be short-lived- Reuters poll
By Arsh Tushar Mogre BENGALURU (Reuters) – India likely recorded strong double-digit economic growth in the last quarter but economists polled by Reuters expected the pace to more than halve this quarter…
It’s Official: Revised GDP Numbers Show The Economy Is Definitely Shrinking
It’s Official: Revised GDP Numbers Show The Economy Is Definitely Shrinking John Hugh DeMastri on August 25, 2022 The Department Of Commerce revised the estimate of Gross Domestic Product (GDP) Thursday morning,…
Ukraine economy could grow by 15.5% in 2023 after deep fall – minister
By Andrea Shalal KYIV (Reuters) – Ukraine’s economy should stabilise over the coming year and expand by as much as 15.5% in 2023, depending on military developments in the war against Russia…
Japan sees economy picking up modestly, flags looming risks -govt
TOKYO (Reuters) – Japan’s government described its economy as “moderately picking up” in its monthly economic report, keeping the overall assessment unchanged from the previous month, while noting an upward revision to…
War hit to German economy will last years -economist
BERLIN (Reuters) – The economic impact on Germany of Russia’s invasion of Ukraine will last years, influential economist Marcel Fratzscher of the German Institute for Economic Research told Reuters, adding that it…
Businesses Make More Cuts In August, Signaling An Increasingly Weakening Economy
Businesses Make More Cuts In August, Signaling An Increasingly Weakening Economy John Hugh DeMastri on August 23, 2022 Preliminary data from S&P’s Purchasing Managers’ Index, a prominent measure of business activity, indicates…
Venezuela’s economy grew 17% in Q1, says central bank president
CARACAS (Reuters) – Venezuela’s economy grew 17.04% year-on-year in the first quarter of 2022, the country’s central bank president said on Tuesday. “This is the highest growth in the Latin American region,”…
Economists: Inflation Can’t Be Reined In Without Tanking The Economy
Economists: Inflation Can’t Be Reined In Without Tanking The Economy John Hugh DeMastri on August 22, 2022 Nearly three quarters of business economists believe that the Federal Reserve will not be able…
Argentina names second in command of key economy ministry
BUENOS AIRES (Reuters) – Argentina’s government on Sunday appointed a well-known economist and vocal critic of the policies of former President and current Vice President Cristina Fernandez de Kirchner to effectively be…
Ukrainian economy could contract 35-40% by year-end – minister
KYIV (Reuters) – Ukraine’s economy could contract 35-40% by the end of the year, Economy Minister Yulia Svyrydenko said on Friday. Hit by Russia’s Feb. 24 invasion, the economy contracted 15.1% year-on-year…
Analysis-As economy wilts, Argentina’s Massa seeks to sow hope with farm chiefs
By David Alire Garcia BUENOS AIRES (Reuters) – The “superminister” tasked with rescuing Argentina’s crisis-racked economy needs cash now, and so just days into the job he has launched a charm offensive…
Thai economy to continue growing despite weaker-than-expected Q2 – central bank
BANGKOK – Despite a weaker-than-expected second quarter, Thailand’s economy is expected to continue growing in the second half of the year as tourism picks up, the central bank said on Tuesday, suggesting…
Russian economy shrinks 4% y/y in Q2 as sanctions weigh
MOSCOW – Russia’s economy shrank 4.0% year-on-year in the second quarter of 2022, the first full quarter of what Russia calls a “special military operation” in Ukraine, preliminary data from the federal…
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