Economy

Fitch Downgrades US Credit Rating; But Analysts Downplay Long-Term Impact

According to Fitch, the protracted political standoffs over the debt limit deal dented confidence in the government's fiscal management.

Aug 2, 2023

By Jacob J

Home Prices in US Will Drop Next Year After Falling Flat in 2023: Analysts

Many homeowners are locked into their current properties because they have a mortgage rate that's well below the prevailing one and so are reluctant to sell.

Aug 1, 2023

By Reuters

Eurozone Returns to Growth in Second Quarter, Inflation Edges Down

Gross domestic product (GDP) in the 20-member euro currency zone expanded by 0.3 percent in the second quarter, beating economists' estimate of 0.2 percent growth.

Jul 31, 2023

By Jacob J

US Fed, ECB and BoE Edge Closer to Ending Rate Hike Regime as Inflation Cools

Supporting the price data, it was also reported that the rise in labor costs were also at the slowest pace in two years.

Jul 28, 2023

By Jacob J

Russia's External Debt-to-GDP Ratio Falls to Historic Low

This impressive progress stands in stark contrast to 1999 when Russia's external debt-to-GDP ratio hit its highest peak at a staggering 91 per cent.

Jul 22, 2023

By IANS

Goldman Sachs Cuts Probability of US Recession in Next 12 Months

Economic activity has remained resilient, despite significantly higher borrowing costs since the Fed started its rate-hiking campaign in early 2022.

Jul 18, 2023

By Reuters

China exports and imports fall more than expected in July due to weakening demand

China's Post-COVID Boom is Dead? Frail Q2 GDP Growth Suggests More Policy Support is Likely

Gross domestic product grew just 0.8% in April-June from the previous quarter, on a seasonally adjusted basis, data released by the National Bureau of Statistics showed on Monday.

Jul 17, 2023

By Reuters

What is Disinflation? US Annual Inflation Marks the Smallest Increase Since March 2021

Disinflation is a point where the inflation rate is falling but the overall inflation remains above target rates. This happens when prices are still rising, but at a slower rate than earlier.

Jul 14, 2023

By Jacob J

Pakistan's Forex Crisis Worsens; Dollar Crunch to Force Import Suspension of Eatables and Drinks

Left with barely enough foreign exchange reserves to cover one month's imports, the coalition government is desperately trying to manage a balance of payments crisis and bring inflation under control after it hit a record of nearly 38 per cent last month.

Jun 19, 2023

By IANS

US Central Bank Halts Rate Hikes After 10 Consecutive Increases; Hints More to Come

The US Federal Reserve decided to maintain the key borrowing rate in a target range of 5%-5.25%.

Jun 15, 2023

By Jacob J

India's Internet Economy Projected to Expand From $175 Billion to $ Trillion by 2030

Another report says the internet economy's contribution to India's technology sector is expected to grow from 48 percent to 62 percent by 2030.

Jun 7, 2023

By IANS

US GDP and Employment Data Shows Economy is Robust, Recession Fears Were Misplaced

The world's largest economy expanded more than expected in the first quarter, even as inflation and jobless numbers also stayed positive.

May 26, 2023

By Jacob J

US Set to Avert Default as Biden and McCarthy Edge Close to Deal on Raising Debt Limit

It was reported earlier on Thursday that the two sides were dead-locked on the details about the plan to cut the US government's discretionary spending.

May 26, 2023

By Jacob J

Biden Warns of Catastrophe as First Ever US Debt Default Looms; SIX Points

The US government has never defaulted in its interest in payment commitments.

May 15, 2023

By Jacob J

Pakistani Rupee Plunges to Record Low of 299 Against US Dollar Amid Political Crisis

Financial pundits believe that the rupee has been depreciating due to political and social unrest caused after the arrest of PTI Chairman Imran Khan.

May 12, 2023

By IANS

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BLOGS AND FEATURES

US Senate's proposed stopgap funding measure unlikely to advance in House: Speaker

By IBTimes SG Desk

Previous 1 of Next

Economy

Fitch Downgrades US Credit Rating; But Analysts Downplay Long-Term Impact

Home Prices in US Will Drop Next Year After Falling Flat in 2023: Analysts

Eurozone Returns to Growth in Second Quarter, Inflation Edges Down

US Fed, ECB and BoE Edge Closer to Ending Rate Hike Regime as Inflation Cools

Russia's External Debt-to-GDP Ratio Falls to Historic Low

Goldman Sachs Cuts Probability of US Recession in Next 12 Months

China's Post-COVID Boom is Dead? Frail Q2 GDP Growth Suggests More Policy Support is Likely

What is Disinflation? US Annual Inflation Marks the Smallest Increase Since March 2021

Pakistan's Forex Crisis Worsens; Dollar Crunch to Force Import Suspension of Eatables and Drinks

US Central Bank Halts Rate Hikes After 10 Consecutive Increases; Hints More to Come

India's Internet Economy Projected to Expand From $175 Billion to $ Trillion by 2030

US GDP and Employment Data Shows Economy is Robust, Recession Fears Were Misplaced

US Set to Avert Default as Biden and McCarthy Edge Close to Deal on Raising Debt Limit

Biden Warns of Catastrophe as First Ever US Debt Default Looms; SIX Points

Pakistani Rupee Plunges to Record Low of 299 Against US Dollar Amid Political Crisis

US Senate's proposed stopgap funding measure unlikely to advance in House: Speaker

US Senate's proposed stopgap funding measure unlikely to advance in House: Speaker

ECB Estimates Eurozone Inflation to be Above 3% next Year; Another Rate Hike on the Cards

ECB Estimates Eurozone Inflation to be Above 3% next Year; Another Rate Hike on the Cards

Economists Cut Ailing Chinese Economy's Growth Rate This year to 5% From 5.5%

Economists Cut Ailing Chinese Economy's Growth Rate This year to 5% From 5.5%