The numbers: The US economy expanded in the fourth quarter at a revised annual rate of 4.3%, a touch higher than previously reported, and even faster growth is expected in the coming …
Read More »Stock futures signal hiatus ahead of Fed meeting
US equity futures wavered as investors waited for the latest economic outlook from the Federal Reserve and any signs on interest rates and bond purchases for the next few years. Futures pegged …
Read More »China becomes the first major economy to begin withdrawing pandemic stimulus efforts
HONG KONG – As the first major economy to defeat Covid-19, China is now taking global leadership in the movement to undo its pandemic-fueled economic stimulus efforts. Unlike the US and Europe, …
Read More »Biden’s stimulus will give a big boost to global recovery, says OECD
The global economy is on track to return to its pre-pandemic level by mid-year thanks to the $ 1.9 trillion fiscal stimulus package that will add 3 percentage points to the United …
Read More »China sets GDP growth target for 2021 at more than 6%
BEIJING – Chinese leaders said they would target gross domestic product growth of 6% or more this year, a relatively modest goal that nonetheless indicates continued optimism after a year in which …
Read More »US National Debt Likely to Nearly Double to 202% of GDP by 2051, CBO Projects
Federal debt is projected to nearly double to 202% of gross domestic product by 2051, the Congressional Budget Office said Thursday, reflecting rising health care and debt service costs. The U.S. economy …
Read More »More fees scare stocks
The convolutions that the Treasury market sent stocks into over the past few weeks is something investors should probably get used to. With Covid-19 cases falling, millions of Americans receiving vaccinations each …
Read More »Boost in Household Income Drives the US Economy for Stronger Growth
American household income increased 10% in January as the government delivered stimulus payments to households and consumer spending increased 2.4%, setting the economy for a burst of growth this year . The …
Read More »UK economy suffers biggest decline in 300 years amid Covid-19 lockdowns
LONDON – The UK economy saw its biggest contraction in more than three centuries in 2020, according to official estimates, highlighting the economic cost of the Covid-19 pandemic in a country that …
Read More »Italian Prime Minister Conte resigned amidst Kovid-19 and struggle against recession
According to a government spokesman, Italian Prime Minister Giuseppe Conte is set to resign on Tuesday, sparking political instability, leading to elections in a country struggling to fight the Kovid-19 epidemic and …
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