RUSSIA, March 14 – Excerpts from the transcript: Briefing by Economic Development Minister Maxim Reshetnikov Maxim Reshetnikov: Colleagues, I will start with the current situation. First, it is a structural crisis that has been caused by external factors, in particular external restrictions related to the export of goods and theirRead More →
RIYADH: Following the consequences of the Russian-Ukrainian conflict and the GCC import ban, Lebanon is keen to restore trade relations with Saudi Arabia, which in 2020 amounted to more than 200 million dollars ‘exports. The country has been stuck in an economic sandstorm that has clouded the region due toRead More →
Reading time: 2 minutes The importance of airports to a community cannot be overstated, especially from an economic perspective. Airports have been hit hard by the pandemic and are now in a state of recovery, but it will take several years to recover to pre-pandemic levels. In the latest HuddleRead More →
The extraordinary growth of the multinational sector of the Irish economy has continued uninterrupted throughout the two years of the pandemic and throughout the first full year of economic activity following the UK’s exit from the European Union and the single market. Large swaths of the national economy, especially thoseRead More →
Embry-Riddle Aeronautical University’s research park generated $137 million in total economic impact in Florida last year – a 50% increase over figures reported in 2019 – according to an independent study conducted by the Washington Economics Group, Inc. “By achieving a 50% increase in economic impacts in just three years,Read More →
Stephen Angbulu, Abuja Posted February 26, 2022 Vice President Yemi Osinbajo said each new manufacturing plant is an important step towards the federal government’s belief that private investment, local and foreign, must be the path to rapid economic growth, with jobs and prosperity. Osinbajo spoke on Friday after the commissioningRead 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 flow of economic activity in Terre Haute may soon change direction once again. Churchill Downs has changed its planned location for its new Queen of Terre Haute Casino and Resort. The Louisville-based company has filed to rezon 49 acres of land near Interstate 70 and Indiana 46 as theRead 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 →
India’s FY2023 budget investment surge in the infrastructure sector is expected to usher in faster economic growth, ratings agency Crisil said. The majority of the massive capital expenditure of the 2022-23 budget – Rs 7.50 lakh crore – will be spent on infrastructure development. Furthermore, the budget avoided a definitiveRead More →
Pakistan has the potential to become a hub of economic activity for countries in Central, South and West Asia if it follows the Economic Corridor Development (ECD) model, the Asian Bank has said. of development in a study published Wednesday. The AfDB study, titled “Developing Economic Corridors in Pakistan: Concept,Read More →
Praising Finance Minister Nirmala Sitharaman for presenting a budget that allows the government to continue supporting development while keeping an eye on the budget deficit, the head of a major US business advocacy group focused on India described it as a “measured and pragmatic budget”. Finance Minister Sitharaman unveiled aRead More →
Noah Taborda Kansas Reflector TOPEKA — Kansas senators on Thursday approved a financial incentive package to entice manufacturers to pursue so-called megaproject initiatives in the state, despite some concerns about the message it sends to existing businesses. The bill is a response to a request from the Kelly administration toRead More →
25/01/2022 / Press release Indicators for the euro area as well as for Slovenia in the last quarter of last year suggest that the impact of the epidemiological situation on economic activity has been relatively weak. Economic growth has slowed slightly since Slovenia regained its pre-crisis level of activity, butRead More →
Financial news began to turn negative, both at home and abroad. Is the debt-fueled party that has brought solace amid the pandemic along with jobs and rising asset prices for millions, if not billions, about to end? There are certainly short-term problems, but the biggest and most serious threats areRead 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 →
More than half a million people have lost or been forced out of their jobs in Afghanistan since the Taliban took over, according to the United Nations’ International Labor Organization (ILO). noted Wednesday. In a warning that the economy has been “paralyzed” since the de facto authorities took control lastRead 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 →
AddControlToContainer_DynamicNavigation5 Free webinar Original broadcast date: January 25, 2022 Start the new yearRead More →
Saugata Bhattacharya, Chief Economist, Axis Bank, says GDP estimates are in line with expectations. “But there are currently multiple uncertainties due to the consequences of Omicron on public health. Supply bottlenecks are likely to persist for a long period of time,” he said in this interview with AND Now. EditedRead 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 →
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 →
According to the Average Monthly Economic Indicator (MEI) report released by the Ministry of Finance, there is demand for Pakistani exports from trading partners despite the spread of Omicron – the new variant of Covid-19. “But neither should we ignore the looming risks, including the concerns of policymakers about inflationaryRead More →
VSChristmas 1941 was dark. Japan attacked Pearl Harbor earlier this month and its armies were advancing across the Pacific. Hitler’s advance in the Soviet Union had brought the Wehrmacht to the gates of Moscow. Britain had grown used to the short rations and long nights of the Blitz. Optimism forRead More →
yesterday stabilized -1.15% to 279.15 as fears mounted that the spread of the Omicron coronavirus variant would hamper the global economic recovery. The variant first detected last month has so far been reported in at least 89 countries, although the severity of the disease it causes remains unclear. The NetherlandsRead More →
Latvia’s GDP growth projections for 2021 and 2022 have both been revised downwards to 4.6% and 4.2% respectively (from 5.3% and 5.1% in September 2021), reflecting the economic fallout from the pandemic. Projected GDP growth for 2023 remains unchanged at 4.0%. At the same time, the inflation projections for 2021Read More →
Montpellier, VT – Today, the Department of Financial Regulation (DFR) submitted a report to the legislature examining the various Vermont worker relocation incentive programs under Law 51 of 2021. In 2018, Vermont implemented a remote worker relocation program, the first in the country, that reimburses certain moving expenses up toRead 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 →
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 →
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 →
Oakland News Now – New Mexico senator reveals greatest economic activity on forest land – video made by the YouTube channel with the logo in the upper left corner of the video. OaklandNewsNow.com is the original blog post for this type of video blog content. Senator Martin Heinrich (D-NM) questionsRead More →
It’s called the ‘shadow pandemic’ – an increase in physical, sexual and emotional abuse against women is taking place amid the blockages and societal turmoil caused by the global health crisis. The evidence is only growing. In Nigeria, the number of reported cases of gender-based violence linked to lockdowns hasRead More →
The Covid-19 pandemic has caused massive disruption in the global economy, many of which are still being felt as countries move in and out of slowdowns and restricted movement. In 2021, we are witnessing a rebound as demand picks up and vaccinations help restore confidence. India, too, is well onRead More →
RED STICK – Military spending in Louisiana creates an annual economic impact of $ 9.64 billion in all regions of the state, according to a study commissioned by the state of Louisiana. The economic activity associated with these expenditures creates more than 77,000 jobs and pays $ 348.7 million inRead 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 →
MANILA, Philippines — The central bank said on Tuesday, Nov. 9 that interest would remain low — despite stronger-than-expected third-quarter growth figures announced by the government — until it saw clearer evidence of the economic recovery. In a statement following the release of the latest gross domestic product figures, BangkoRead More →
Women’s health has deteriorated in mental and psychological health A new report on the impact of COVID-19 on the social structure and empowerment of women has indicated that the socio-economic status of women is deteriorating compared to the pre-COVID-19 era. The report found that factors such as reduced access toRead More →
Doha: Since the onset of the global pandemic and its subsequent slowdown last year, China has been on the road to recovery for more than six quarters. In the first quarter of 2021, China’s growth peaked with an overall record growth of 18.3% in real terms, mainly driven by investmentRead More →
BoT raises hopes of economic recovery Central bank expects next week’s reopening to boost confidence and consumption The atmosphere inside the Srinagarindra train night market which reopened after being closed due to the Covid-19 pandemic. Bank of Thailand (BoT) expects next week’s reopening to further boost public confidence, following improvedRead More →
(The Straits Times) – ASEAN and China must redouble their efforts to revive economic activity and people-to-people ties that suffered during the Covid-19 pandemic, Prime Minister Lee Hsien Loong said on Tuesday. And as vaccines continue to be rolled out, cross-border travel must resume gradually, gradually and safely, with greaterRead More →
On October 15, 2021, the Alberta Court of Appeal released its decision in AltaLink Management Ltd v. Alberta (Utilities Commission) (the AltaLink decision). This decision deals with the obligation of the Crown and administrative tribunals to take into account the economic interests of Indigenous groups when making decisions. The AltaLinkRead More →
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October 25 – The COP26 climate talks in Glasgow starting next Sunday could be the world’s best last chance to limit global warming to the upper limit of 1.5 to 2 degrees Celsius set in the Paris Agreement from 2015. The stakes for the planet are enormous, one of whichRead More →
US stocks hit a new high last week, helped by strong earnings and good economic data. The rise was tempered, however, as Fed Chairman Powell signaled some concern that high inflation would last longer. For the week, US stocks were up 1.6%, Eurozone stocks were up 0.4%, and Chinese stocksRead More →
Argentina’s economic recovery gained momentum in August, thanks to an acceleration of the Covid-19 vaccination campaign and the easing of government restrictions on movement and commerce. Economic activity rose 1.1% in August from the previous month, according to government data released Thursday by the national statistics office of INDEC. ComparedRead More →
President Muhammadu Buhari delivers 2022 budget speech President Muhammadu Buhari on Friday in Abuja urged Ogoni leaders to educate indigenous people on the value of protecting national assets such as pipelines and other oil facilities, saying that intentional damage usually creates more havoc on their environment and hinders the developmentRead More →
Boosted by high commercial activity and the tourism sector, the Cypriot economy remains on track for growth and recovery, according to a report by the Center for Economic Research at the University of Cyprus. The Cyprus Composite Advanced Economic Index (CCLEI), which uses a variety of measures to provide aRead More →
The perception among some that the economic recovery is responsible for demand for new vehicles temporarily exceeding supply is incorrect, the JSE-listed vehicle retailer Combined Motor Holdings (CMH) warned on Tuesday. “The reality is that domestic sales levels are considerably lower than the past decade and the return of aRead More →
DUBAI, October 17, 2021 (WAM) – Consumer confidence in Dubai reached its highest level in 10 years during the third quarter of 2021, according to the Consumer Confidence Index tracked by Dubai Economy. During the quarter, the index increased by two points compared to the previous quarter and by 21Read More →
(MENAFN- Costa Rica News) By TCRN STAFF October 14, 2021 12 0 Share Facebook Twitter WhatsApp Linkedin Email Must read Environment STAFF TCRN – October 15, 2021 Distributed Generation Law Approved in Costa Rica Culture and Lifestyle STAFF TCRN – October 15, 2021 Costa Rica an Earthly Heaven to RetireRead More →
“The non-residential construction backlog fell for a second consecutive month as skills and input shortages hit the industry,” said Anirban Basu, chief economist at Associated Builders and Contractors. “A growing number of contractors are reporting shortages of materials such as copper and PVC pipe. “ The construction order book indicatorRead More →
The International Monetary Fund is slightly lowering its outlook for a global recovery from the pandemic recession, reflecting continued supply chain disruptions in industrialized countries and deadly disparities in immunization rates between rich and poor countries. What would you like to know International Monetary Fund slightly lowers outlook for globalRead More →
The recovery of the East Asia and Pacific region has been compromised by the spread of the COVID-19 Delta variant, prolonging distress for businesses and households and likely slowing economic growth and increasing inequality, the world Bank said recently. Economic activity started to slow in the second quarter of 2021Read More →
A rebound in global economic activity has pushed merchandise trade above its pre-pandemic peak, the World Trade Organization said on Monday as it improved its trade forecast for 2021 and 2022. “The WTO now forecasts a growth in the volume of world merchandise trade of 10.8% in 2021 – againstRead More →
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Shipping containers are seen at the port of Bayonne, New Jersey, United States, August 21, 2021. REUTERS / Andrew Kelly The consumer confidence index fell 5.9 pts to 109.3 in September Merchandise trade deficit increases 0.9% to $ 87.6 billion in August Wholesale inventories jump 1.2%; retail stocks gain 0.1%Read More →
Bangkok, Sep 28 (EFE) .- Economic recovery after the first year of the pandemic in East Asia and the Pacific has been slowed by the spread of the delta variant of Covid-19, according to the World Bank this Tuesday. The East Asia and Pacific region recorded fewer infections and deathsRead More →
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Delta variant slows economic growth in East Asia and the Pacific: World Bank Posted on: Tuesday, September 28, 2021 By: Bernama Text size: WASHINGTON: The recovery of the East Asia and Pacific region has been compromised by the spread of the delta variant of COVID-19, the World Bank said onRead More →
WASHINGTON – Longtime Democrat Gene Seroka and the son of a Union of Teamsters member was not amused when in 2016 a reactionary presidential aspirant used the Port of Los Angeles, of which Seroka is director, as a place for a speech declaring: “Free trade sends our jobs overseas.” SerokaRead More →
Peronism is injured. The defeat two weeks ago in the primary elections and the clear possibility of losing control of Congress in November put the government in a frantic race to reclaim the lost votes. The reading of the alliance in power, where Kirchnerism dominates, is that the economic crisisRead More →
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Workers at a construction site in Shanghai, China. Photo taken July 12, 2021. REUTERS / Aly Song September 27 (Reuters) – The recovery of the East Asia and Pacific region has been compromised by the spread of the COVID-19 Delta variant, which is likely to slow economic growth and increaseRead More →
What explains this? Above all, if we can shift economic activity from the most affected areas to more protected areas, we can mitigate the effect on the economy. The magnitude of the benefits of migration, however, depends on two assumptions. First, migration is believed to occur due to a gradualRead More →
Tuesday, September 28, 2021, 7:40 a.m.Press release: Euro Med Monitor Geneva – The Euro-Mediterranean Human Rights Observatory said in a report released today that the crises Jordanians have experienced in recent years have reflected on the exercise of their economic and social rights, including the right dignity, work, health, education,Read More →
The Bank of Ghana’s updated Composite Economic Activity Index (CIEA) for July 2021 reflects the continued upturn in national economic activity. According to the Central Bank, the real CIEA grew 20.0% year-on-year in July 2021, up from 20.2% in June 2021, and 3.9% growth in July 2020. Growth in indicators,Read More →
The oil industry accounted for 3.2% of the country’s GDP in 2019, while creating a quarter of a million jobs, or 1.5% of total employment in South Africa, according to a study commissioned by the South African Petroleum Industry (Sapia). JOHANNESBURG – The South African oil industry contributed R163 billionRead More →
Read this in the digital edition of The Manila Times. An accelerated vaccination campaign for Covid-19 and limiting the spread of the virus will help ease the long-term “economic scars” in the Philippine economy, the Bangko Sentral ng Pilipinas (BSP) said on Monday. “For the Philippines, we can minimize long-termRead More →
Legislation to control the sale, supply and consumption of alcoholic beverages would have a very negative impact on economic activity and job creation, said the Association of Industries of the Dominican Republic (AIRD). By opposing a bill on the subject circulating in the National Congress, the AIRD indicated that suchRead More →
Mexico City, Sep 27 (EFE) .- Mexico’s economic activity rebounded 7.1% year-on-year in July 2021 compared to the same month a year earlier due to higher industrial activity and services, the National Statistics and Geography Institute (Inegi) reported on Monday. Inegi said in a statement that this increase in theRead More →
India’s economy has recovered quickly from the second wave of the Covid-19 pandemic and data suggests growth will be faster in the coming quarters, particularly during the holiday season. The improvement in the Covid-19 situation and the acceleration of the vaccination rate have allowed economic activity to return to normal,Read More →
With the economic activity restarting, fraudsters have turned to unsuspecting people in the travel and leisure industries, communities (online forums) and logistics, according to a report released on Monday. Digital fraud attempts from India increased by 269% in the travel and leisure segment, by 267% in communities that also includeRead More →
More than 33 million euros were spent on government COVID vouchers, with the average spending on the vouchers being 1.37 million euros on weekends and 1.22 million euros between Monday and Thursday . The program, launched by Economy Minister Silvio Schembri and Prime Minister Robert Abela, resulted in a directRead More →
Union Finance Minister Nirmala Sitharaman said on Sunday that despite the huge push on financial inclusion and high economic activity, there are districts in the country with no banking presence at all. She urged lenders to pull themselves together and open either a full-fledged physical branch or an outpost offeringRead More →
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Federal Reserve Board Chairman Jerome Powell. (Photo by Samuel Corum / Getty Images) Getty Images The The Federal Reserve announced at its meeting on September 22, 2021, “If progress continues overall as planned, the Committee considers that a moderation in the pace of asset purchases could soon be justified. It’sRead More →
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American goods leaving Miami. (Photo by Joe Raedle / Getty Images) Getty Images Exports from the United States will increase at a slow pace in 2022, with improvement in 2023. Key factors will be the Covid-19 pandemic, the economic situation of our major trading partners and the trajectory of theRead More →
(add details) By Brenna Hughes Neghaiwi ZURICH, Sept. 16 (Reuters) – The Swiss economy is expected to grow 3.2% this year, the government said on Thursday, lowering its outlook for the full year as a less sunny global situation limited the recovery of Switzerland. “The economic recovery should continue asRead More →
By Brenna Hughes Neghaiwi ZURICH (Reuters) – The Swiss economy is expected to grow 3.2% this year, the government said on Thursday, lowering its outlook for the full year as a less sunny global situation limited Switzerland’s recovery. “The economic recovery should continue as expected, even if growth is initiallyRead More →
The UK will need to move its trade to Asia as the center of global economic activity moves away from Europe and moves east. By the end of this decade, three of the world’s four largest economies will be in the Indo-Pacific region, according to the Department of International TradeRead More →
PESHAWAR, (UrduPoint / Pakistan Point News – September 3, 2021): The provincial government has finalized several projects costing Rs 5 billion rupees to promote economic activity in urban centers and district markets merged and tribal subdivision,. In this regard, the additional chief secretary, Shahab Ali, chaired a video link meetingRead More →
(Credit: Unsplash) This article is presented to you in association with the European Commission. The European economy is expected to rebound faster than expected, as activity in the first quarter of the year exceeded expectations and the improvement in the health situation led to a faster easing of the restrictionsRead More →
BY TAURAI MANGUDHLA Delta Corporation, a drinks maker listed on the ZIMBABWE Stock Exchange (ZSE), yesterday added its voice to growing concerns over policy inconsistency and currency volatility in the country, saying they have affected operations during for the year ended March 31, 2021. The beverage producer said the currency’sRead More →
A faster than expected rollout of the vaccine led ATB Financial to raise its economic forecast for Alberta. The financial institution and state-owned company said Thursday they now forecast economic growth of 5.0% for the year, down from 4.1% just three months ago. The main factors behind the more optimisticRead More →
CHATTANOOGA, Tennessee – (COMMERCIAL THREAD) –US Xpress Enterprises, Inc. (NYSE: USX) today released its economic forecast for the second quarter of 2021, highlighting various trends and updates specific to the trucking industry. Full and detailed forecasts are available on the corporate blog. Four key insights coming into the second quarterRead More →
DANSKE Bank offered a more optimistic forecast for the northern economy thanks to the success of the Covid-19 vaccination program, predicting that economic activity will return to pre-pandemic levels in the second half of 2022. Northern Ireland’s largest lender has said that while he believes the economy continued to contractRead More →
The International Monetary Fund raised its global economic forecast for the second time this year following faster vaccination campaigns against Covid-19 and fiscal and monetary support provided by governments and central banks, but it put in guard policymakers against wider income gaps and uneven recovery as richer countries recover fromRead More →
The Federal Reserve on Wednesday raised its forecast for 2021 gross domestic product by more than 50% from its December estimate while keeping interest rates stable. GDP is now expected to grow 6.5% in 2021 before slowing in the following years, according to the Federal Open Market Committee, the centralRead More →
The Organization for Economic Cooperation (OECD) on Tuesday cautiously revised its global economic forecast for 2021, citing vaccine deployments and the US stimulus package adopted last week as positive signs. At a virtual press conference at the organization’s headquarters in Paris, OECD chief economist Laurence Boone told reporters she expectsRead More →
Monday February 22, 2021, 9:22 a.m.Press release: ASB Bank The forecast for rising interest rates was brought forward 12 months in ASB’s latest quarterly economic forecast. Chief Economist Nick Tuffley now expects the RBNZ to start raising OCR from its current level of 0.25% as early as August next year.Read More →
Europe remains in the grip of the coronavirus pandemic. The upsurge in the number of cases, combined with the appearance of new, more contagious strains of the coronavirus, has forced many Member States to reintroduce or tighten containment measures. At the same time, the launch of vaccination programs across theRead More →
ANKARA The EU’s gross domestic product (GDP) is expected to grow 3.7% in 2021 and 3.9% in 2022, according to the European Commission’s winter economic forecast released on Thursday. In its regular economic forecast for the European Union of 27 and the 19 countries using the euro, the EU executiveRead More →
(Credit: Unsplash) This article is presented to you in association with the European Commission. Europe remains in the grip of the coronavirus pandemic. The upsurge in the number of cases, combined with the appearance of new, more contagious strains of the coronavirus, has forced many Member States to reintroduce orRead More →
Each year, Northwood University’s McNair Center for the Advancement of Free Enterprise and Entrepreneurship produces its annual forecast for the US economy. Here is the center’s forecast for 2021 against the six key economic variables that account for much of the size, scope and growth of the U.S. economy. 1.Read 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 housing and mortgage markets. Duncan also oversees strategic research regarding the potential impact of external factorsRead 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 housing and mortgage markets. Duncan also oversees strategic research regarding the potential impact of external factorsRead More →
Posted: Jan 28, 2021 / 12:58 PM EST / Update: Jan 28, 2021 / 12:58 PM EST SYRACUSE, NY (WSYR-TV) – The CEO of CenterState released his take on the region’s economic climate on Thursday. Regional business leaders and economic experts predict strong chances of an economic recovery by midRead More →
The International Monetary Fund (IMF) slightly improved its global growth forecast for 2021, as recent vaccine approvals and the promise of other vaccines to come have heightened hopes that the COVID-19 pandemic will continue later this year. However, the organization said new waves of infections and new variants of theRead More →
In the last article, we began to discuss the necessary conditions on which a Dominica Freedom Party (DFP) government will work to put Dominica on the path to prosperity and shared growth. In this regard, we have started a discussion on the need to create a stable macroeconomic environment. Let’sRead More →
Minnesotans are spending more than expected and the state government is spending less, leading to a financial about-face on Tuesday, as economists predicted the state’s budget deficit had grown to a surplus of $ 641 million. Heads of state have moved from finding a way to fill a hole inRead More →
The Organization for Economic Co-operation and Development (OECD) has slightly improved its forecast for Slovenia’s GDP in 2020, forecasting that it will decline by 7.5% this year, while lowering the expected rebound in 2020 to 3, 4%. In the first half of June, the OECD saw the Slovenian economy contractRead More →
The outlook continues to be clouded by COVID-19, but a team of economists at the University of Michigan sees encouraging signs that could bring economic life back to near normal by the end of 2021. However, a lot will depend on how easily a vaccine will be available by nextRead More →
GDP will experience an impressive recovery in FY22, with 13% growth based on weak base and vaccine benefits, Goldman Sachs said in a report. MUMBAI: Foreign brokerage firm Goldman Sachs on Tuesday raised its forecast for India’s GDP to contract 10.3 percent in FY21, from an earlier estimate of negativeRead More →
RICHMOND, Ind. – Last year, Indiana University’s annual panel of business experts predicted good economic news coming in 2020 around the world. Of course, that was before the birth of COVID-19. “A microscopic virus has entered the picture, and instead of growing economic activity, we are experiencing a global recessionRead More →
Mr. Ray Perryman Ray perryman Our latest forecast update shows significant declines in economic activity through 2020, despite a noticeable return of gloomy spring days, but a return to growth next year.In addition to the staggering and tragic human costs, the pandemic continues to reduce business activity. Despite this, theRead More →
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New cases of Covid-19 Dr Bill Conerly from data compiled by USAFacts.org The United States is in a third wave of Covid-19 cases. The first caused the economy to fall sharply, the second probably delayed the economic recovery, but what about the current surge? Most likely, spending and employment willRead More →
The U.S. economy is rebounding rapidly from the severe and unprecedented slowdown caused by the pandemic that began earlier this year, according to new economic forecasts released today in 11th Annual Inland Empire Economic Forecasting Conference. Despite the alarming and record-breaking decline in economic output in Q2 and the lingeringRead More →
California’s labor market, which was at its best in February, appears to be years away from returning to the heights it enjoyed before the coronavirus triggered vast economic woes, according to a forecast released Wednesday. The UCLA Anderson Forecast outlook suggests that California’s pre-coronavirus economic boom will not reappear forRead More →
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Recent developments in the course of the Covid-19 pandemic could force the Spanish government to update its economic forecasts. While a May projection that Madrid sent to Brussels predicted a 9.2% drop in economic output in 2020, the Bank of Spain on Wednesday released a more pessimistic outlook that placesRead More →
LAFAYETTE, Louisiana – The University of Louisiana at Lafayette’s College of Business released its quarterly report Louisiana Economic Activity Forecast this shows how much economic activity has declined in the first half of 2020 due to the COVID-19 pandemic. Forecasts indicate that economic activity should pick up in the secondRead More →
Downtown Anchorage, pictured Wednesday August 5, 2020 (Loren Holmes / ADN) We are making coronavirus coverage available without subscription as a public service. But we depend on the support of readers to do this job. Please consider joining others in supporting local journalism in Alaska for just $ 3.23 perRead More →
The Australian government today unveiled its Economic and financial outlook, outlining how COVID-19 has impacted Australia’s economy and the country’s finances. In short, it paints a sobering picture of the state of the Australian and global economies. The huge levels of government support injected into the Australian economy from MarchRead More →
Muhammad Mahmood | Posted: July 11, 2020, 10:29 p.m. | Update: July 29, 2020 9:04 p.m. Economic uncertainties continue to hold back global economic growth. At the end of last month, the International Monetary Fund (IMF) further lowered the projection for global economic growth – a contraction of 4.9% inRead More →
EL CENTRO – The Imperial County Board of Supervisors received a dire financial forecast for the upcoming fiscal year 2021-2022 at its regular meeting on Tuesday, June 9. Michael Bracken, Managing Partner and Chief Economist of the Development Management Group, advised the council regarding the local economy and how COVIDRead More →
In summary Are the Newsom administration’s dismal recession forecasts a reasonable outlier – or “grossly negative” and a “poker bluff” to increase the pressure for federal government financial aid? Ten in ten economists agree: COVID-19 is absolutely ugly for the California economy. Forecasters across the state analyzed the numbers andRead More →
Hawaii University of Credit Economic Research OrganizationA graph from UHERO shows the magnitude of the increase in jobless claims in just a few weeks. Update: 03/31/20, 10:42 a.m. It’s been less than a week since a statewide stay-at-home order largely shut down Hawaii’s economy in a bid to contain theRead More →
Patricia silversteinPresident and Chief Economist, Development research partners Is our vision crystal clear or clouded by conflicting information in 2020? Slowing growth in China and other key trading partners, tariff and trade disputes, market disruptions from COVID-19 and geopolitical concerns around the world mean a high degree of uncertainty inRead More →
DUBAI, October 28, 2019 (WAM) – The Dubai International Financial Center, DIFC, today hosted the launch of the October 2019 report on the International Monetary Fund’s Regional Economic Outlook for the Middle East, South Africa North, Afghanistan and Pakistan. The report shows that the growth impact in the MENAP regionRead More →
India’s financial system remains stable amid improving resilience of the banking sector, although emerging trends in the global economic environment as well as the geopolitical environment pose challenges, according to RBI’s 19th issue of the Financial Stability Report (FSR) Global economic activity continues to face significant headwinds since the secondRead More →
Winter 2018 interim economic forecast: solid and sustainable expansion Eurozone and EU growth rates exceeded expectations last year as the transition from economic recovery to expansion continues. Both the euro area and EU economies are estimated to have grown by 2.4% in 2017, the fastest pace in a decade. ThisRead More →
Then consider private consensus. Economists surveyed in December in the Livingston Survey of the Federal Reserve Bank of Philadelphia downgraded projections made just six months earlier, estimating that real GDP in the second half of this year would grow at an annual rate of just 2.5%, not 3 , 2%.Read More →