The German economy lost momentum in 2022 as the country faced multidecade high inflation rates as energy prices soared, posing challenges for its key industrial sector. The eurozone’s largest economy Read more
Tag: Economy
Jobless claims show no spike in layoffs
The numbers: Initial jobless claims fell by a seasonally adjusted 1,000 to 205,000 in the week ended Jan. 7, the Labor Department said Thursday. Economists polled by The Wall Street Read more
Eurozone Unemployment Rate Remained at Record Low in November Despite Slowing Economy
By Xavier Fontdegloria The eurozone jobless rate was stable in November at its record low, highlighting resilience in the labor market despite slowing economic growth. The eurozone unemployment rate stood Read more
One-third of world economy expected to be in recession in 2023, says IMF chief
This year is going to be tougher on the global economy than 2022, the International Monetary Fund’s chief, Kristalina Georgieva, has warned. “Why? Because the three big economies, U.S., EU, Read more
Leading indicators point to slowing U.S. economy and recession in 2023
The numbers: The U.S. leading index fell a sharp 1% in November, extending a downturn that began last spring and points to a weakening economy. Economists polled by The Wall Street Read more
U.S. economy grew at revised 3.2% rate in third quarter
The numbers: The U.S. expanded at an annual 3.2% annual rate in the third quarter, a more robust pace of growth than previously reported, new government figures show. The increase Read more
Fed hikes interest rate by half percentage point — benchmark rate seen topping out at 5.25%
The Federal Reserve on Wednesday raised its benchmark interest rate by 0.5 percentage point and signaled more tightening next year. The half-point increase brings the Fed’s federal funds rate up Read more
Some Easy Ways to Upgrade to Business Class From Economy Class
We all would love to spend less by purchasing an economy class ticket and get the benefits of executive or business class. This happens when the airline tickets are upgraded. Read more
Italian Economy Expected to Slow Sharply in 2023 as Inflation Takes Toll
By Xavier Fontdegloria Italy’s economy is expected to decelerate sharply in 2023 due to high inflation, slowing international trade flows and a tighter monetary policy, according to forecasts from the Read more
This little-known but spot-on economic indicator says recession and lower stock prices are all but certain
An obscure and arcane economic indicator suggests that Federal Reserve Chairman Jerome Powell was wrong when he said at his Nov. 30 news conference that “There is a path to Read more