Kochi: Kerala’s economic growth has declined sharply following the financial crisis caused by the COVID-19 pandemic. The state’s domestic product has shrunk by -9.2% in the financial year 2020-21, the economic review tabled in the Kerala legislature on Friday ahead of the presentation of the state budget shows. (State DomesticRead More →
American citizens have benefited from three stimulus checks after the start of the pandemic, as well as financial and job losses. Many are hoping for a 4th stimulus check. While checks have helped Americans for the past two years, inflation continues to rise and they are feeling the financial strain.Read 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 →
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 →
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 →
The UK economy is starting 2022 on the back foot as a record number of coronavirus infections and tighter restrictions driven by the Omicron variant cloud growth prospects. It comes after a slower pace of growth at the end of last year as businesses and households face increasing pressure fromRead 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 →
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 →
Los Angeles County’s economy is by far the largest in Southern California, but the Inland Empire is leading population and employment growth due to falling house prices and growing demand for warehouse workers amid the boom in e-commerce. These revelations are included in the latest UCLA Anderson forecast released earlyRead 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 →
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 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 →
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 →
Ending COVID lockdowns should help the economy rebound. (Source: Getty) What awaits our economy now that we enter a COVID-normal world? Well, last week, in its quarterly statement on monetary policy, the Reserve Bank of Australia (RBA) gave its usual three scenarios. If the upside scenario is fulfilled, Australia willRead More →
Photo taken on July 14, 2020 shows Golden Bauhinia Square in Hong Kong, southern China, July 14, 2020 (Xinhua) Economic growth in the Hong Kong Special Administrative Region (HKSAR) in 2021 will likely be around 6.5 percent, Hong Kong SAR Financial Secretary Paul Chan Mo-po predicted on Sunday. Data onRead More →
X Sign up for free to receive the latest news straight to your inbox Register now Bradford-based lender Provident Financial claims to have seen improved business performance in the third quarter of 2021. The company, which published a trading update covering the three months to the end of September 2021,Read 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 →
WASHINGTON – White House officials, now predicting that parts of the economy could continue to struggle for months to come, are looking for ways to rule out a potential threat to the Democratic outlook in the 2022 election. While the economy has improved dramatically since President Joe Biden’s first daysRead 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 →
By Dr Mike Walden Although we live in a turbulent political environment today, there is a generalized area of agreement among individuals and groups of different political perspectives. It is that economic growth is good. Administrations and elected officials from the two main political parties praise economic growth, especially whenRead More →
DENVER, CO (STL.News) Today, the state’s Planning and Budgeting Office released the June economic forecast showing the Colorado economy is rebounding. “The actual economic results so far this year are well above expectations. As long as this year ends on a strong note, there will be some great news onRead More →
AMMAN – The opinions of economists show that if “the same economic approaches continue to be adopted, the economic performance of the Kingdom will only worsen”. Economist Mazen Marji told the Jordan Times on Thursday that the Jordanian economy has suffered a devastating downturn like all other countries amid theRead 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 →
Most of Louisiana’s major metropolitan areas failed to meet their employment forecasts for the first quarter of 2021, but a new economic forecast shows reason to be optimistic about future growth. The University of Louisiana at BI Moody III College of Business in Lafayette released its economic forecast for theRead More →
The Urban Land Institute (ULI) recently published its latest Real estate economic forecasts, which predicts that real estate is about to rebound, especially in the single-family housing sector. The report includes responses from 42 interviewed economists and analysts from 39 real estate organizations. “While the fall 2020 forecast was notableRead More →
The Urban Land Institute (ULI) recently published its latest Real estate economic forecasts, which predicts that real estate is about to rebound, especially in the single-family housing sector. The report includes responses from 42 interviewed economists and analysts from 39 real estate organizations. “While the fall 2020 forecast was notableRead More →
(Credit: Unsplash) This article is presented to you in association with the European Commission. The spring 2021 economic forecast projects the EU economy to grow 4.2% in 2021 and 4.4% in 2022. The euro area economy is expected to grow by 4.3% this year and 4.4% next year. This representsRead More →
National lockdown continues to impact many organizations in South Africa. As a result, some employers have downsized their workforce to help ease the financial strain on their businesses. Earlier this year, StatsSA announced that South Africa’s unemployment rate is now 32.5%, the highest on record since the current measure wasRead More →
Illinois’ economy will recover soon, but the economic woes that plagued the state before COVID-19 will slow that recovery and increase the risk of further problems, according to a Moody’s Analytics report released on Wednesday. The report prepared for the General Assembly’s Committee on Government Forecasts and Accountability, or COGFA,Read More →
New Mexico’s financial outlook has improved further. While revenues are expected to decline further in the fiscal year that begins July 1, the decline will not be as severe as expected in December. Recurring general fund income for the coming year is now expected to decline by 8.5%, an improvementRead More →
When economists made their forecast for 2020 12 months ago, no one could have seen what was to come. The first cases of COVID-19 were detected in December 2019 in China and it will be months before people realize the impact it would have on the global economy. Jacksonville feltRead 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 →
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 →
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 →
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 →
KUALA LUMPUR (June 9): While the Total Industry Volume (VIT) for the automotive sector is expected to increase following the exemption from sales tax on locally assembled or completely dismantled units and a 50% reduction in sales tax for units imported from units, the projected increase in demand will notRead 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 →
A new update of the State Revenue and Economic Forecasting Council (ERFC) offered no surprises of an economic slowdown resulting from the COVID-19 response. The “deep recession” has virtually guaranteed spending cuts for the current operating budget, and state officials on the CFRA in its meeting of June 2 saidRead 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 →
By Katie Rapone, Editor-in-Chief of Mile High CRE Thursday January 16, SMPS Colorado held their 2020 Economic Forecast luncheon at a modern new location, the Kimpton Hotel Born in downtown Denver. Industry experts discussed the economic, labor, real estate and global trends that will shape our economy and the constructionRead More →
10th Annual Inland Empire Economic Forecasting Conference: Housing remains the greatest immediate and longer term challenge; Despite some impacts of the trade war and the consternation of the yield curve, neither will lead to a slowdown in 2020. Riverside, California – Operating at “full employment” and with an unemployment rateRead More →
ST. GEORGE – Utah has created more than 45,000 new jobs in the past year and “continues to be a strong economic environment,” according to one of the state’s leading economists. The Utah Department of Workforce Services released its June employment report Friday morning and noted that overall employment inRead More →
Thursday, Portland State University Northwest Economic Research Center released its economic forecast for 2019. The report took a top-down approach to Oregon’s economy, examining a range of national and statewide trends, as well as factors specific to the metro area of Portland. “Portland MSA Economic and Population Outlook,” written byRead More →
Business leaders and academics packed the historic Fox Theater in downtown Riverside for the ninth annual Inland Empire Economic Forecasts on October 11 to hear good news on the economy of the ‘Inland Empire: Ten years after the 2008 recession, the region is home to the most job growth inRead More →
The economies of all EU Member States are expected to grow in 2016, 2017 and 2018 After showing resilience in the face of global challenges last year, Europe’s economic recovery is expected to continue this year and next: for the first time in nearly a decade, the economies of allRead More →
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The US economy will experience a slight cyclical rebound in 2017, then return to a lower growth rate more in line with long-term potential. Gross domestic production, adjusted for inflation, has grown at a fairly moderate pace over the past three quarters. But jobs are growing at a moderately goodRead More →