Although the bank’s revenue for the first six months of the year rose 12% to £8.5bn, its pre-tax profits fell 6% to £3.9bn at £3.7 billion. Profits at Lloyds fell due to rising operating costs and the need to set aside £377m to cover possible bad debts caused by risingRead More →
By Michelle Toh, CNN Business The global economy is already struggling, but the risks continue to mount. In a report on Tuesday, the International Monetary Fund again lowered its global economic forecast as it predicted major slowdowns in the three largest economies: the United States, China and Europe. These slowdowns,Read More →
In a report on Tuesday, the International Monetary Fund again lowered its global economic forecast as it predicted major slowdowns in the three largest economies: the United States, China and Europe. The IMF now expects the global economy to grow just 3.2% this year, down from 6.1% in 2021. NextRead More →
The International Monetary Fund (IMF) has hinted that it will change the institution’s global growth forecast following the historic inflation rate spike, induced by the war in Ukraine. The IMF quoted Managing Director Kristalina Georgieva in a blog post on Friday, where she said the current economic downturn would weighRead More →
Winter 2018 interim economic forecasts: solid and sustainable expansion Eurozone and EU growth rates exceeded expectations last year as the transition from economic recovery to expansion continues. Both the eurozone and EU economies are estimated to have grown by 2.4% in 2017, the fastest pace in a decade. This strongRead More →
Summary The EU economy entered the new year on a weaker note than expected. After returning to pre-pandemic production levels last summer, a moderate slowdown was already forecast in the fall forecast. However, since then the headwinds to growth have intensified. After a slump, economic expansion is expected to pickRead More →
European Union finance ministers from countries using the euro – collectively known as the Eurogroup – said on Monday tackling inflation was their number one priority. The news came as the European Commission, the executive arm of the EU, revised its economic forecasts, citing rising inflation, falling growth and growingRead More →
Wash. – The Washington State Economic and Income Forecasting Council creates four forecasts each quarter for the state’s economy and unemployment numbers. This includes a baseline forecast – which is most likely to happen – the pessimistic, optimistic forecast and a revenue forecast based on the Governor’s Office economic forecast.Read More →
Trading conditions over the past three months have “darkened considerably” and the risk of a global economic recession is rising, according to the head of the International Monetary Fund. “It will be a tough 22, but maybe even a tougher 2023,” IMF Managing Director Kristalina Georgieva told Reuters on Wednesday.Read More →
RALEIGH- All economic indicators tracked in a monthly index that predicts the future of North Carolina’s economy saw declines in May 2022. The NCSU Index of North Carolina Economic Leading Indicators is a monthly index that forecasts the direction of the state’s economy four to six months ahead. And, theRead More →
The heaviest traffic over the Midsummer weekend is expected to be on Thursday, causing traffic jams and long transit times, the Finnish Transport Agency warns. Highways 9, 5 and 4 are likely to see the most traffic in mid-summer, and there can also be queues at ferries to the TurkuRead More →
WaFd Bank President and CEO Brent Beardall. Virtual event screenshot WaFd Bank President and CEO Brent Beardall presented the mid-year economic forecast at the Bellevue Chamber’s fourth annual luncheon on Thursday. During the event, which was held both virtually and in person at the W Hotel in Bellevue, Beardall providedRead More →
JACKSONVILLE, Florida. – The Federal Reserve on Wednesday stepped up its efforts to rein in high inflation by raising its key interest rate by three-quarters of a point – its biggest hike in nearly three decades – and signaling bigger rate hikes to come which would increase the risk ofRead More →
With less than 40 days to go until Parliament is suspended, the countdown is on for the Prime Minister and Chancellor to take the vital steps needed to avoid tipping the country into recession, according to the latest CBI economic forecast. With the cost of living crisis showing no signsRead More →
June 10, 2022 The U.S. economy will continue to slow in the second half of 2022, and the outlook for a recession remains heightened, according to Old Dominion University’s Dragas Center forRead More →
The economic problems currently facing Pakistan are similar to those faced by the PTI. In 2019, with low foreign exchange reserves and high deficits, the PTI government failed to sustain the 6% growth left by the previous PML-N regime. At the time, the outgoing government criticized the PTI for havingRead More →
SHANGHAI: The World Bank has revised its economic forecast for China to 4.3% this year, from a higher expectation of 5.1% in December, amid the Covid-19 outbreaks and changes in the global environment , according to a report released yesterday. This downward revision came as the biggest wave of Covid-19Read More →
June 9, 2022 BEIJING – The World Bank has revised its economic forecast for China to 4.3% this year, from a higher expectation of 5.1% in December, amid the COVID-19 outbreaks and changes in the global environment, according to a report released Wednesday. This downward revision came as the biggestRead More →
Boris Johnson’s bid to reset his struggling premiership has received a double whammy after petrol prices saw their biggest daily rise in 17 years and a leading international think tank said the UK economy would slow to a standstill next year. Fears that Britain is heading for a prolonged periodRead More →
June 08, 2022 Quarterly eeconomic growth should stop this year before diving briefly negative territory as global events continue to weigh heavily on Great Britain economy. UK Economic Outlook – 2022 UK Chambers of Commerce have lowered their expectations for UK GDP growth for 2022 at 3.5% (from 3.6%) againstRead More →
A participant stands near a World Bank logo. [Photo/Agencies] The World Bank has revised its economic forecast for China to 4.3% this year, from a higher expectation of 5.1% in December, amid COVID-19 outbreaks and changes in the global environment , according to a report released Wednesday. This downward revisionRead More →
Joe Biden has delivered a withering presidential bashing at Elon Musk, wishing the billionaire “much luck on his trip to the Moon”. It came after the Tesla boss said he had “super bad” feelings about the global economy and announced plans to cut one in ten jobs at Tesla. MrRead More →
Although the company has found a path to growth during the pandemic, it is more difficult to obtain products. What used to be a six-month lead time from order to delivery now looks more like 13-14 months, she said, and the company has had to diversify its suppliers and transportation,Read More →
According Chief Economist of Aktia Lasse Corin, the coronavirus pandemic has been a deep and short-lived shock to the economy, while Russia’s attack on Ukraine will cause a less profound but protracted period of uncertainty. He predicts very moderate economic growth for next year. In the economic forecastRead More →
Aktia Bank PlcPress releaseJune 2, 2022 at 8:00 a.m. from Aktia economic forecast: the period of strong growth is behind us According from Aktia Chief Economist Lasse Corin, the coronavirus pandemic has been a deep and brief shock to the economy, while Russia’s attack on Ukraine will cause a lessRead More →
Tuesday, May 31, 2022, 10:09 AMPress release: ASB Bank Omicron’s economic impact has been much milder than the COVID outbreaks of 2020 and 2021 Labor markets are exceptionally tight, with labor shortages the highest since the 1970s Borrowers are currently bearing the brunt of the fight against inflation, but rateRead More →
Federal efforts to rein in inflation are weighing on Louisiana’s economy, with job growth now expected to be far less than expected and a full pandemic recovery delayed for years. Louisiana’s economic activity Provide for the second quarter of 2022, released by University of Louisiana economist Gary A. Wagner lastRead More →
The big bank said a change in government does not currently require changing its economic forecast or interest rate expectations. Commonwealth Bank (CBA) economists have announced that there will be no immediate change in the bank’s outlook following Labor’s election victory. Although Westpac economists suggest the RBA could raise theRead More →
Commonwealth Bank (CBA) economists have announced that there will be no immediate change in the bank’s outlook following Labor’s election victory. “In our view, the new government has made few proposals during the election campaign that require us at this stage to revise our economic forecasts,” said the ABC’s AustralianRead More →
Breadcrumb Links News Local News Energy Business Russian invasion of Ukraine and rising oil prices helped boost Alberta’s GDP ATB forecasts Alberta’s real GDP to grow 5% in 2022, driven primarily by higher oil and gas prices. Photo by Christophe Landry /Postmedia Content of the article Alberta is poised forRead More →
May 12, 2022 (The Center Square) – The shrinking U.S. economy is a bad sign for New Jersey, given what has happened in the past, says a spokesperson for a research and education organization nonpartisan New Jersey. “Supply disruptions hurt output, as U.S. gross domestic product shrank at an annualRead More →
The Urban Land Institute (ULI) recently released its semi-annual economic forecast for Spring 2022. It generally has a more positive outlook for the economy and for the multifamily housing industry than their last forecast from 6 months ago. . The report combined individual forecasts from 47 economists and analysts intoRead More →
Posted May 10, 2022 | 1:40 p.m. Fourteen months into the COVID pandemic, it looks like we’ve overcome the worst: stores and restaurants are back on the move, mask mandates have been lifted, and we’re moving on. More changes are in sight for State Street. (Courtesy picture) But does thisRead More →
By Sonia Fernandez, UCSB Fourteen months into the COVID pandemic, it looks like we’ve overcome the worst: stores and restaurants are back on the move, mask mandates have been lifted, and we’re moving on. But does this activity signal a return to normal? That was the first question UC SantaRead More →
While the furlough scheme ended shutdowns triggering soaring unemployment, the current lack of a wage subsidy means the labor market now faces a tougher challenge with the cost of living crisis. Vacancies are at an all-time high and the unemployment rate has fallen to 3.8% since the lockdowns ended. ARead More →
Rarely, said Anil Puri, an economics professor at Cal State Fullerton, has there been such a confluence of significant events testing the fundamentals of how the country and the world works. The summary of the past year was delivered during Puri’s keynote speech at the 2022 Spring Economic Forecast, whichRead More →
Preferred region How does this work? By Glenn Hendry Published on May 2, 2022 at 10:02 am The rapid economic growth that has occurred nationwide during the pandemic will slow, creating more sustainable long-term growth, predicted TD Bank Group Vice President and Deputy Chief Economist Derek Burleton, who spoke virtuallyRead More →
The recovery in the tourism sector has prompted Visit Belfast to raise its economic forecast for 2022. The destination management and marketing body expects tourism to generate £97million for the Belfast city region this year. The figure is still down 39% from the £135million recorded in 2019. Visit Belfast launchedRead More →
The International Monetary Fund (IMF) has revised Nigeria’s real gross domestic product (GDP) upward to 3.4% in April 2022 and downward to 3.1% in 2023 from 2.7% in January 2022 at light of the strong momentum seen in the last quarter of 2021. The projection of some of these economicRead More →
The German government expects the country’s economy, Europe’s largest, to grow just 2.2% this year, with Russia’s war in Ukraine weighing on the outlook. BERLIN– The German government forecast on Wednesday that the country’s economy, Europe’s largest, will grow just 2.2% this year, with Russia’s war in Ukraine weighing onRead More →
BERLIN (AP) — The German government predicted on Wednesday that the country’s economy, Europe’s largest, will grow just 2.2% this year as Russia wages war in Ukraine. weighs on the outlook. The economy ministry cut the outlook for gross domestic product to the 3.6% growth it forecast in January. ItRead More →
BEIJING — Shanghai allowed 4 million more people out of their homes on Wednesday as virus controls that shut down China’s biggest city eased, while the International Monetary Fund cut its forecast for China’s economic growth and warned that the global flow of industrial goods could be disrupted. In total,Read More →
Written by Erin Nicole Davis In today’s World Economic Outlook, the International Monetary Fund (IMF) cut its growth forecast for the global economy, due to Russia’s invasion of Ukraine. While the global outlook isn’t exactly uplifting news, things aren’t that low for Canada. According to the IMF, Canada will seeRead More →
THE INSTITUTE OF LABOR for Economic Research (Labore) has lowered its growth forecast for this year due to Russia’s war in Ukraine. Labore revealed last week that he expects Finland’s economy to grow 1.8% in 2022, about half the pace of his forecast from last fall. Growth is expectedRead More →
Datuk Seri Abdul Farid Alias (Photo by Shahrin Yahya/The Edge) –A +A KUALA LUMPUR (April 14): Malayan Banking Bhd (Maybank) Group Chairman and Chief Executive Datuk Seri Abdul Farid Alias said on Thursday (April 14, 2022) that while Maybank’s economic forecast for Malaysia took into account the impact of theRead More →
The Democrats’ longtime favorite economist, Mark Zandi of Moody’s Analytics, released several reports last year that policymakers have used to bolster calls for repeated rounds of trillion-dollar legislation. Those reports touted President Joe Biden’s “good economic policy” and downplayed inflation fears stemming from that costly legislation as “overblown.” What aRead More →
On Tuesday, April 5, local business owners, residents and city officials gathered in the Brubeck Room at the Wilton Library for our annual economic forecast meeting. This year’s event was led by Peter Denious, CEO and President of AdvanceCT, a private, not-for-profit economic development corporation, which drives job creation andRead More →
Ed Sullivan, PCA Executive Vice President and Chief Economist, reports that the PCA’s Spring 2022 U.S. Economy, Construction Market and Cement Consumption Forecast has been given a new layer risk with the outbreak of the Russian-Ukrainian conflict. The two external forecast considerations are COVID-19 and the Russian-Ukrainian war. War canRead More →
Thailand’s major business group on Tuesday cut its economic growth forecast for this year to 2.5%-4.0% from a previous forecast of 2.5%-4.5% due to the impact of the Russian-Ukrainian war on global growth and energy prices. The inflation forecast has been raised to 3.5%-5.5% this year from a previous projectionRead More →
The Central Bank has lowered its forecast for economic growth, due to rising inflation and the impact of the war in Ukraine on the global economy. In its quarterly bulletin, the bank indicates that inflation this year could peak at 8% and will average 6.5% for the year as aRead More →
The Ministry of Finance will adjust Thailand’s economic growth forecast for 2022 to focus on rising inflation and energy prices, starting next month. According to an unnamed Bangkok Post source, the ministry is concerned about the impact Russia’s invasion of Ukraine will have on overseas arrivals this year. Earlier thisRead More →
The Wilton Library, in association with the Wilton Chamber of Commerce, proudly presents a 2022 Economic Forecast Meeting on Tuesday, April 5 (in-person) from 5:30-6:30 p.m. in the Brubeck Room. The meeting will be led by Peter Denious, President and CEO of AdvanceCT, a private, not-for-profit economic development corporation, whichRead More →
Last year, economists were talking about the Great Recovery. This year, innovation was the buzzword that fueled the conversation at the Chamber Alliance of Macomb County’s economic forecast on Friday at the Palazzo Grande in Shelby Township. “We bounced back,” said Vicky Rowsinski, director of Macomb County Planning and EconomicRead More →
For the past few years, the real estate market in Wilmington and surrounding areas has been hotter than the flickering heat lines that emerge from Interstate 40 on a scorching afternoon. But are we on the way to a colder real estate market? The economic data analyzed by Lawrence Yun,Read More →
When professors Anil Puri and Mira Farka of the Cal State Fullerton Woods Center for Economic Analysis and Forecasting presented their annual report in October, they realized it was tricky, complicated and, in some ways, unknowable. Issues such as inflation, supply chains, material costs, rising interest rates, the aftermath ofRead More →
The Wilton Chamber of Commerce, in conjunction with the Wilton Library Association, proudly presents our “2022 Economic Forecast Meeting” on Tuesday, April 5 from 5:30-6:30 p.m. Register here. This year’s meeting will be held in person at Wilton Library’s Brubeck Room on Tuesday, April 5.and from 5:30 p.m. to 6:30Read More →
As 2022 approaches, many are hoping for a return to normal, but economist Nathan Perry said the war in Ukraine could upend Garfield County’s economy for the third year in a row. At the annual meeting of the Glenwood Springs Chamber Resort Association on March 9, Perry presented an economicRead More →
Dr. Roger Tutterow, professor of economics at Kennesaw State University, will discuss the economic forecast for the East Cobb area on March 29 at a Chamber of Commerce East Cobb Area Council luncheon. Tutterow is Chief Economic Advisor for Henssler Financial and Director of the Econometric Center at Coles CollegeRead More →
This week’s episode of Addressing Alaskans features the Anchorage Economic Development Corporation’s 2022 Economic Forecast Luncheon. AEDC President and CEO Bill Popp provides an update on how the Anchorage economy has evolved over the past year and presents the results of the jobs, housing and business reports . SPEAKERS: BillRead More →
Russian economists provide an update on Russia in light of the current sanctions and financial strains. Takeaway: A severe global recession is imminent. The Russian business magazine ‘The bell‘ has published a new update of the Russian economic outlook for 2022. The original text is in Russian and can beRead More →
The Wilton Chamber of Commerce, in conjunction with the Wilton Library Association, proudly presents our 2022 Economic Forecast Meeting. This year’s meeting will be held in person at Wilton Library’s Brubeck Room on Tuesday, April 5.and from 5:30 p.m. to 6:30 p.m. and led by Peter Denious, President and CEORead More →
Annual Chamber of Commerce Economic Forecast Meeting with featured expert Peter Denious. the Wilton Chamber of Commerce in collaboration with the Wilton Library Associationwill hold its “2022 Economic Foresight Meeting” in person this year, at the Brubeck Room of the Wilton Library on Tuesday, April 5 from 5:30-6:30 p.m. ThisRead More →
Where will the economy go? Getty The economic outlook for 2022 and 2023 in the United States is good, although inflation will remain high and storm clouds will develop in the years to come. The war in Ukraine raged with uncertain results while this forecast was prepared. The war willRead More →
Oil prices hit their highest levels since 2008 Benchmark iron ore futures fuel more than 7% Coking coal prices climb up to 12.9% China targets GDP growth of around 5.5% in 2022 March 7 (Reuters) – Chinese ferrous futures rose on Monday, with iron ore hitting a six-month high whileRead More →
The University of Hawaii’s Economic Research Organization is optimistic about the state’s economic recovery from the COVID-19 pandemic, with improving labor market conditions and the expected return of international visitors. (Photo courtesy of University of Hawaii) A University of Hawaii organization is optimistic about the state’s economic recovery from theRead More →
Members of the Birmingham Bloomfield Chamber of Commerce gathered for the annual Economic Forecast Breakfast on February 16. Advertising BLOOMFIELD HILLS — Given all the strain on businesses from the pandemic, Americas Commercial Transportation Research Co. chief economist Paul Traub said the economy is still performing fairly well. “American workersRead More →
BINGHAMTON, NY – The Chamber of Greater Binghamton hosted its annual Broome County Economic Forecasting and Building Awards earlier this week. CEOs and business leaders were on hand to discuss and learn how local economic growth is going, especially post-pandemic. M&T Bank Group Vice President Peter Kneis was the keynoteRead More →
The pandemic has disrupted employment in the Worcester area, but better days are likely at hand, a panel of experts said at the WBJ Economic Forecast Forum webinar this morning. In the two years since the COVID-19 shutdowns in March 2020, the pandemic has undermined all aspects of the economyRead More →
CHATTANOOGA, Tenn.–(BUSINESS WIRE)–US Xpress Enterprises, Inc. (NYSE: USX) today released its economic forecast covering the first half of 2022, which highlights trends and updates specific to the logistics industry. Full and detailed forecasts are available on the company’s website. Four key themes have emerged for the first half of 2022:Read More →
The 2022 Franchise Economic Outlook shows that franchising is leading the economic recovery in the United States. Tweet that “At all levels, local franchise businesses provide opportunities for economic and professional advancement,” said the IFA President and CEO. Matthew Haller. “For aspiring entrepreneurs, franchising removes barriers so they can moreRead More →
Housing, labor migration and internet access are among the top factors impacting Ventura County’s economic future, according to a panel of local experts. The panel convened at the 30th Economic Outlook Forecast, an annual event that focuses on the direction of the county’s economy and the influences that move it.Read More →
THROUGH FREDA MIKLINGOVERNMENT JOURNALIST The first economist to address the more than 400 members of the South Metro Denver Chamber (SMDC) and their guests was Henri Sobanet, whose long career in Colorado includes leadership positions in state government for former Colorado governors Bill Owens and John Hickenlooper. He currently servesRead More →
BY FREDA MIKLINSTAFF EDITOR The first economist to address the more than 400 members of the South Metro Denver Chamber (SMDC) and their guests was Henri Sobanet, whose long career in Colorado includes leadership positions in state government for former Colorado governors Bill Owens and John Hickenlooper. He currently servesRead More →
The state government now expects to receive an additional $1.5 billion by the end of the budget period in 2023. The Oregon Capitol building in Salem. Photo: Chas Hundley Higher wages for workers and more income for businesses lead to higher state tax revenues, creating the prospect of even biggerRead More →
Summary The EU economy entered the new year on a weaker note than expected. After returning to pre-pandemic production levels last summer, a moderate slowdown was already forecast in the fall forecast. However, since then the headwinds to growth have intensified. After a slump, economic expansion is expected to pickRead More →
The state government now expects to receive an additional $1.5 billion by the end of the budget period in 2023. The Oregon Capitol rotunda in January 2022 (Ron Cooper/Oregon Capital Chronicle) Higher wages for workers and more income for businesses lead to higher state tax revenues, creating the prospect ofRead More →
The European Commission said in its February 10 winter economic forecast that it expects Bulgaria’s economy to grow 3.7% this year, down from its previous estimate of 4.1% in the forecast. of autumn. At the same time, the Commission raised its economic growth projection for 2021 to 4% (from 3.8%)Read More →
Higher wages for workers and more income for businesses lead to higher state tax revenues, creating the prospect of even bigger government spending and then appropriations in two years for those who pay income taxes, state economists announced on Wednesday. Economists have described a robust Oregon economy that they sayRead More →
The Greater Los Angeles industrial market has undoubtedly seen a remarkable change over the past year. Strong fundamentals, including occupancy gains and construction activity, reached astronomical highs, and many Southwest regional markets posted historically low vacancy rates. As a result, Los Angeles remains one of seven markets with robust absorptionRead More →
Bank of America Lynch Walter E. Hoadley Economic Forecast The Commonwealth Club’s Walter E. Hoadley Bank of America economic forecast will be out Feb. 4 at noon. It will include a macroeconomic update from Michael Boskin of Stanford University, former chairman of the President’s Council of Economic Advisers, and aRead More →
(The Center Square) – Pennsylvania’s Independent Fiscal Office (IFO) released an updated economic forecast for fiscal year 2021-22 that shows higher-than-expected revenues, driven by stronger wages and inflation . The IFO’s mid-year update for fiscal year 2021-22 showed that general fund revenue was adjusted upward from nearly $42 billion toRead More →
Douglas G. DuncanSenior Vice President and Chief EconomistFannie Mae Douglas G. Duncan is Senior Vice President and Chief Economist at Fannie Mae, where he is responsible for forecasting and analysis of the economy and the real estate and mortgage markets. Duncan also oversees strategic research regarding the potential impact ofRead More →
The IMF on Tuesday lowered India’s economic growth forecast by 0.5 percentage point to 9% for the current fiscal year, with its chief economist Gita Gopinath saying the slight downgrade is mainly due to the impact of the spread of the Omicron variant. “If you look at fiscalRead More →
By Lalit K Jha(Eds: Updated with new comments from IMF Chief Economist) Washington, Jan. 25 (PTI) The IMF on Tuesday lowered India’s economic growth forecast by 0.5 percentage points to 9% for the current fiscal year, with its chief economist Gita Gopinath saying the slight deterioration is mainly due toRead More →
2022 promises to be another eventful year. We are confident that the economy will continue to grow above trend, the labor market will tighten and consumer spending will be robust. The Federal Reserve will have a great balancing act in 2022 as inflation stabilizes, interest rates rise, and the FedRead More →
2022 promises to be another eventful year. We are confident that the economy will continue to grow above trend, the labor market will tighten and consumer spending will be robust. So what can we expect from the economic forecast for 2022? The Federal Reserve will have a great balancing actRead More →
PROVIDE / UTILITIESMelissa Seixas President, Duke Energy Florida, St. Petersburg “Since January 2021, natural gas prices have more than doubled after a number of single events that pushed prices up and drove supplies down. This doesn’t just affect utility companies, but a variety of industries that rely on natural gas.Read More →
Despite the government’s assertion that the country’s economy will grow by at least 6% in the current fiscal year, the World Bank’s latest Global Economic Prospects report predicts that Nepal’s economy will only grow than 3.9%. The World Bank established its forecasts on the basis of two major criteria: “betterRead More →
AddControlToContainer_DynamicNavigation5 Free webinar Original broadcast date: January 25, 2022 Start the new yearRead More →
When Florida emerged from the 2008-2009 recession, the phrase cautious optimism was often a platitude. One phrase that might best sum up the economic outlook for the region, and the state, in 2022 is a little different, but still rather sunny: counterintuitive optimism. This is because many business owners andRead More →
Douglas G. DuncanSenior Vice President and Chief EconomistFannie Mae Douglas G. Duncan is Senior Vice President and Chief Economist at Fannie Mae, where he is responsible for forecasting and analysis of the economy and the real estate and mortgage markets. Duncan also oversees strategic research regarding the potential impact ofRead More →
LOVELAND – The BizWest Economic Forecast 2022, which will be released on January 27, will outline potential headwinds and tailwinds that will impact the regional economy in the coming year. Richard Wobbekind, Senior Economist at the University of Colorado at Boulder and Associate Dean of the Leeds School of Business,Read More →
According to Mike Schenk, chief economist and deputy head of advocacy at CUNA, three key factors will shape the economy of 2022: the pandemic, labor markets and inflation. First, COVID is not going to go away, he says. “Public health professionals tell us we’ll be talking about variants for aRead More →
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WASHINGTON, DC – A new national report outlines the potential path for economic recovery this year as the pandemic continues for a third year. The group of economists and scientists say the recovery will be driven by several recent trends, including supply chain disruptions, increased household savings and growth inRead More →
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WASHINGTON — A new national report outlines the potential path for economic recovery this year as the pandemic continues for a third year. The group of economists and scientists says the recovery will be driven by several recent trends, including supply chain disruptions, rising household savings and growth in onlineRead More →
Texas metropolitan areas have recovered most of the jobs lost due to COVID-19. While growth that would otherwise have taken place has been abandoned or at least delayed, the long-term outlook remains rather positive. More than three-quarters of all jobs in the state are currently located in the state’s sevenRead More →
Texas metropolitan areas have regained most of the jobs lost due to COVID-19. While growth that would otherwise have taken place has been abandoned or at least delayed, the long-term outlook remains rather positive. More than three-quarters of all jobs in the state are currently located in the state’s sevenRead More →
Texas metropolitan areas have recovered most of the jobs lost due to COVID-19. While growth that would otherwise have taken place has been abandoned or at least delayed, the long-term outlook remains rather positive. More than three-quarters of all jobs in the state are currently located in the state’s sevenRead More →
Dubow’s worries are an allegory of cross-currents lashing an economy in recovery, but still disrupted by COVID, haunted by labor unrest, supply chain bottlenecks and consumers pessimistic but spendthrift. Inflation is at a four-decade high, workers are quitting in record numbers, and COVID introduces another wild card: the omicron variant.Read More →
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Scenarios Baseline (60%): Growth resumes in late 2021 and early 2022 as the impact of COVID-19 eases. Households continue to increase their spending to meet pent-up demand for services such as entertainment and travel. However, spending on durable goods is stagnating as consumers revert to pre-pandemic models. Business investment continuesRead More →
The rebound in the Australian economy forecast in the Mid-Year Economic and Fiscal Outlook (MYFEO) is positive for the real estate market, said the new chairman of the Real Estate Institute of Australia. Hayden Groves, who was elected last week, said the economic boost should give buyers and sellers theRead More →
The reasons for the rapid recovery revolve around three factors, said Dupont. These factors are the resilience of employers and workers and the ability to reorganize work; rapid delivery and generally good uptake of vaccines for advanced economies in particular, with eight billion doses already administered worldwide; and the responseRead More →
Greater San Marcos Partnership Chairman Jason Giulietti told a crowd gathered for the 2021 Texas Innovation Corridor Economic Outlook that the Hays and Caldwell County region is enjoying unprecedented success. Giulietti highlighted the region’s rapid growth, citing Hays County as the fastest growing county in the country, along with anRead More →
It took 19 months, but employment at companies in the Jacksonville area finally returned to pre-pandemic levels in September. While COVID-19 remains a threat to the economy, the outlook for 2022 is brighter for Northeast Florida. “Jacksonville’s recovery is on the fast track,” said Abbey Omodunbi, senior economist at PNCRead More →
The long-awaited Visalia UPS hub, with a total area of ​​approximately 450,000 square feet, opened on Plaza Drive about a year ago. Even greater industrial growth is expected for Tulare County in the future. Photo by Layton Construction The nearly two-year economic boost from a global health crisis has revealedRead More →
(Story updated at 2:05 p.m.) Fueled by “extraordinary growth” in income, consumer spending and corporate profits, Minnesota is expected to have a budget surplus of $ 7.7 billion for the 2022-2023 biennium. This news was shared by Minnesota Management and Budget on Tuesday as part of its November 2021 budgetRead More →
Economic activity in Colorado has rebounded to its pre-pandemic peak in September 2021 and the economy is expected to continue to expand, according to a new quarterly report released by the restored Colorado Futures Center of the Colorado State University System. The new forecast, called ColoradoCast, is a short-term (six-month)Read More →
(Story updated at 2:05 p.m.) Fueled by “extraordinary growth” in income, consumer spending and business profits, Minnesota is expected to have a budget surplus of $7.7 billion for the 2022-23 biennium. This news was shared Tuesday by Minnesota Management and Budget as part of its November 2021 budget and economicRead More →
Among the residential projects underway in Madera is a community of 48 units downtown that will welcome families as well as veterans. It should be completed by the third quarter of 2022. Photo via the city of Madera Madera County is preparing to join the e-commerce distribution revolution in theRead More →
SYDNEY: Australia will update its economic forecast for next year during the mid-year budget update, Treasurer Josh Frydenberg said. “The market is coming back strongly,” Frydenberg said on the national broadcaster’s “Insiders” program. “This is because we now have one of the highest vaccination rates in the world, one ofRead More →
SALISBURY, Md- Business executives and government officials met at Salisbury University’s Purdue School of Business on Friday for the South Delmarva 2022 economic forecast, expressing cautious optimism and highlighting the growth driven by investments. Speakers at the conference spoke of the region’s top 3 challenges, affordable child care, the expansionRead More →
Construction is underway at the Monarch @ Chinatown in downtown Fresno. The $ 24.6 million project will have 56 units – available at affordable rates when completed. Photo by Edward Smith published on December 2, 2021 – 12:09 PMWritten by Edward Smith Experts largely see Fresno County reaping the benefitsRead More →
Employment is recovering from the sharp contraction induced by the pandemic, but it is still well below levels of early 2020. Can it fully recover in the coming year? What is the expected role of stimulus legislation on growth, employment and inflation? What are the prospects for the Arizona economy?Read More →
Portland lags the rest of the state in economic recovery as the effects of the Covid pandemic persist. SALEM – Higher wages increase Oregon’s expected tax revenue, but most working middle class will not feel the benefits of higher wages in the next year due to inflation, state economists saidRead More →
Portland lags the rest of the state in economic recovery as the effects of the Covid pandemic persist. SALEM – Higher wages push up Oregon’s expected tax revenue, but most working middle-class workers won’t feel the benefits of higher wages in the next year or so due to inflation, stateRead More →
Spokane County has mostly recovered from job losses from the pandemic, but future job growth will depend on a continued influx of new residents, according to a local economist. Non-farm employment in the metropolitan statistical area of ​​Spokane – which includes Pend Oreille and Stevens counties – was 252,800 inRead More →
From a demand perspective, the US economy has fully recovered from the pandemic recession. And production, although not yet there, will return to its long-term trend in the near future. That, according to a new forecast published yesterday in the 12th Annual Inland Empire Economic Forecasting Conference, hosted by UCRead More →
The EU economy is recovering from the pandemic recession faster than expected. As vaccination campaigns progressed and restrictions began to be lifted, growth resumed in the spring and continued unabated through the summer, supported by the reopening of the economy. Despite rising headwinds, the EU economy is expected to continueRead More →
(Credit: Unsplash) This article is brought to you in association with the European Commission. The EU economy is recovering from the pandemic recession faster than expected. As vaccination campaigns progressed and restrictions began to be lifted, growth resumed in the spring and continued unabated through the summer, supported by theRead More →
11/11/2021 at 11:08 am CET Silvia martinez The growth of the Spanish economy it will continue to be strong but much lower than expected just three months ago. The European Commission joined other organizations such as the International Monetary Fund, the Airef or the Bank of Spain and cools theRead More →