Economy

Pakistani Rupee Plunges to Historic Low as Uncertainty Over IMF Rescue Package Grows

An IMF mission is currently in Pakistan holding talks on the ninth review that will continue till February 9 after which a staff-level agreement is expected between the two sides.

Feb 3, 2023

By IANS

Britain Will be The Only G7 Economy Predicted to Shrink in 2023 as Economic Recovery Faces Challenges

The UK chancellor Jeremy Hunt last week warned a sense of declinism was hampering the UK's economic recovery.

Feb 1, 2023

By IANS

New IMF Report Shows Global Economy Will Perform Better in 2023; US, Europe to Stay Strong

In its 2023 GDP forecasts, the IMF said it now expected U.S. GDP growth of 1.4%, up from 1.0% predicted in October and following 2.0% growth in 2022.

Jan 31, 2023

By Reuters

US Economy Powers to 2.9% Growth in Fourth Quarter, Records Stronger Than Expected Expansion

The surprisingly strong performance of the US economy happened despite the US central bank aggressively raising interest rates during 2022 in an effort to beat high inflation.

Jan 27, 2023

By Jacob J

Will 'Bankrupt' US Mint $1 Trillion Platinum Coin to Go Around Debt Ceiling and Avoid Default?

As per the Treasury the US government has run out of money to pay its bills and the Congress must pass a resolution that lifts the debt ceiling.

Jan 24, 2023

By Jacob J

Are Central Banks Deliberately Causing a Recession? Fed, ECB and BoE Signal More Rate Hikes

To put things in perspective, even as the Blackrock analysts made this comment, Federal Reserve policymakers said they will go for further rate tightening to control inflation.

Jan 19, 2023

By Jacob J

Dollar Declines 10% From 2-Decade Peak; It's China Resurgence That Hurts Greenback

Some analysts say that China's emergence from a protracted Covid-19 lockdown and the positive sentiment this has stirred up are driving the greenback down.

Jan 18, 2023

By Jacob J

Russia's Current Account Surplus Zooms 86% to Hit Record $227 Billion as Oil Exports Stays Robust

Trade between Russia and China hit a record high of $190 billion last year, Chinese customs data showed.

Jan 18, 2023

By Reuters

China's Economic Recovery Needs a Stimulus Package: S&P Global

The full reopening of mainland China's borders is likely to be delayed until international restrictions against China-originated travel are dropped.

Jan 17, 2023

By IANS

Emerging Markets: After a Rough Year, What Investors Expect From Developing Economies in 2023

Analysts expect a sharp pick-up in consumption and investment in China from mid-2023 onwards.

Dec 28, 2022

By Reuters

US Central Bank Tightens Monetary Policy Again to Bring Benchmark Rates to the Highest Level Since 2007

The US Federal Reserve increased benchmark interest rates by 50 basis points on Wednesday, bringing the US rates to the range of 4.25-4.50 percent.

Dec 15, 2022

By Jacob J

China Covid-19 Infections Hit Record High; Central Bank Infuses $70 Billion Into Faltering Economy

The Chinese economy's growth had decelerated to just 3 percent in the first three quarters of 2022, which is far below the targeted annual growth rate of around 5.5 percent.

Nov 25, 2022

By Jacob J

Coronavirus

Recession Worries to Ease as Fed Minutes Suggest Pace of Interest Rate Hikes Will Slow Down

The minutes of the policymakers' meeting earlier this month showed that a 'substantial majority' of policymakers thought it was now okay to reduce the pace of the rate hike.

Nov 24, 2022

By Jacob J

Jeff Bezos Warns of Recession, Advises Americans to Take' Some Risk Off The Table'

The Amazon founder advises consumers to keep their cash safe and avoid unnecessary spending.

Nov 20, 2022

By IANS

Fed Worsens Recession Fears; Says There's No Plan to Pause Rate Hikes After 75 bps Increase

The inflation picture has become more and more challenging over the course of this year, says Federal Reserve Chairman Jerome Powell.

Nov 3, 2022

By Jacob J

1 2 3 4 5 6 7 8 9 10 Next

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

Pakistani Rupee Plunges to Historic Low as Uncertainty Over IMF Rescue Package Grows

Britain Will be The Only G7 Economy Predicted to Shrink in 2023 as Economic Recovery Faces Challenges

New IMF Report Shows Global Economy Will Perform Better in 2023; US, Europe to Stay Strong

US Economy Powers to 2.9% Growth in Fourth Quarter, Records Stronger Than Expected Expansion

Will 'Bankrupt' US Mint $1 Trillion Platinum Coin to Go Around Debt Ceiling and Avoid Default?

Are Central Banks Deliberately Causing a Recession? Fed, ECB and BoE Signal More Rate Hikes

Dollar Declines 10% From 2-Decade Peak; It's China Resurgence That Hurts Greenback

Russia's Current Account Surplus Zooms 86% to Hit Record $227 Billion as Oil Exports Stays Robust

China's Economic Recovery Needs a Stimulus Package: S&P Global

Emerging Markets: After a Rough Year, What Investors Expect From Developing Economies in 2023

US Central Bank Tightens Monetary Policy Again to Bring Benchmark Rates to the Highest Level Since 2007

China Covid-19 Infections Hit Record High; Central Bank Infuses $70 Billion Into Faltering Economy

Recession Worries to Ease as Fed Minutes Suggest Pace of Interest Rate Hikes Will Slow Down

Jeff Bezos Warns of Recession, Advises Americans to Take' Some Risk Off The Table'

Fed Worsens Recession Fears; Says There's No Plan to Pause Rate Hikes After 75 bps Increase

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%