Economy

Hong Kong Economy Shrinks for 3rd Straight Quarter; Asian Financial Hub on Brink of Recession

Hong Kong's economic contraction was the deepest since the Q2 numbers of 2020 showed the GDP product shrank 9.4 percent.

Oct 31, 2022

By Jacob J

US Economy Grows 2.6% in Third Quarter, Dispelling Recession Fears

The US economy had shrunk as much as 1.6 percent and 0.6 percent in the first and second quarters of the year.

Oct 28, 2022

By Jacob J

Luxury Home Prices in Shanghai Fall 40% as the Wealthy Sell Out After Xi Jinping Power Grab at China Party Congress

Real estate analysts tell Radio Free Asia that rich people are selling off properties in cities like Shanghai, Wuhan, Beijing, Jiangsu and Zhejiang.

Oct 27, 2022

By Jacob J

Singapore economy expands by 1.8 per cent in Quarter 1

Singapore Central Bank Signals Subdued Economic Growth as China Curbs Hit Key Segments

Data showed that Singapore's economy expanded an impressive 4.4 percent on a year-on-year in the third quarter.

Oct 27, 2022

By Jacob J

Yuan Tumbles and China Stocks Crash as Xi Jinping's Limitless Powers Spook Markets

Offshore yuan weakened 0.7 percent against the US dollar and the Hang Seng China Enterprises Index plummeted more than 5 percent on Monday morning.

Oct 24, 2022

By Jacob J

China Property Financing Vehicles Run Up $8 Trillion Debt and Stare at Default

Bonds issued by the local government financing vehicles (LGFV) are at risk of defaulting in the aftermath of a sustained decline in the real estate sector.

Oct 17, 2022

By Jacob J

Will oil price stay higher after Opec-Russia output reduction?

Opec Output Cut will Alone Push Global Economy Into Recession, IEA Warns

The steep output reduction was shocking to the US, which accused Opec of colluding with Russia.

Oct 14, 2022

By Jacob J

Will China Overtake the US as the World's Largest Economy Ever? It's Unlikely; Not Any Time Soon, Anyway

If the current Covid policy stays in place, China GDP growth will be pushed back to below 3 percent levels.

Oct 11, 2022

By Jacob J

Jamie Dimon's Recession Fixation: Latest Warning Comes After Robust Jobs Data

Dimon's latest recession warning came after data showed hiring was happening at a brisk pace and unemployment was at a half-century low even as average pay increased. This does not exactly look like a perfect recipe for a recession.

Oct 11, 2022

By Jacob J

European Central Bank says Inflation Expectations Among Consumers Remain Unchanged in in Euro Area

The median expectation for the three years ahead also remains unchanged, the survey released on Friday said.

Oct 8, 2022

By IANS

US Grapples With Spiraling National Debt; At $31 Trillion, It Works Out to $93,000 Per Each American

Right now, as much as $965 million is spent every single day on interest on national debt, according to the Peterson Foundation.

Oct 6, 2022

By Jacob J

Asian currencies drop on Yellen comments

Capital Outflows from Asia Will Accelerate; Fears of Another Financial Crisis Legitimate?

The strong dollar environment has raised questions about how Asia will be impacted and whether this will precipitate another financial crisis.

Oct 3, 2022

By IBTimes APAC Desk

India Climbs to 40th Rank in Global Innovation Index; Was at 81st Spot in 2015

'We were 46 last time the ranking was done. We have also maintained first rank in ICT services exports over the years'.

Sep 30, 2022

By IANS

The Rise of US Dollar is Bad for Global Economy; Here's Why a Decline is Inevitable

The Dollar index, which shows how the greenback sits in comparison with the euro, yen and other major currencies, has surged more than 14 percent this year alone.

Sep 27, 2022

By Jacob J

After Another Steep Rate Hike, Fed Chair Powell Trusts US Economy to be Resilient and Post Modest Growth

The 0.75 percent rate hike, third in a row, brings the federal funds rate to a new range of 3.0 percent to 3.25 percent.

Sep 22, 2022

By Jacob J

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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

Hong Kong Economy Shrinks for 3rd Straight Quarter; Asian Financial Hub on Brink of Recession

US Economy Grows 2.6% in Third Quarter, Dispelling Recession Fears

Luxury Home Prices in Shanghai Fall 40% as the Wealthy Sell Out After Xi Jinping Power Grab at China Party Congress

Singapore Central Bank Signals Subdued Economic Growth as China Curbs Hit Key Segments

Yuan Tumbles and China Stocks Crash as Xi Jinping's Limitless Powers Spook Markets

China Property Financing Vehicles Run Up $8 Trillion Debt and Stare at Default

Opec Output Cut will Alone Push Global Economy Into Recession, IEA Warns

Will China Overtake the US as the World's Largest Economy Ever? It's Unlikely; Not Any Time Soon, Anyway

Jamie Dimon's Recession Fixation: Latest Warning Comes After Robust Jobs Data

European Central Bank says Inflation Expectations Among Consumers Remain Unchanged in in Euro Area

US Grapples With Spiraling National Debt; At $31 Trillion, It Works Out to $93,000 Per Each American

Capital Outflows from Asia Will Accelerate; Fears of Another Financial Crisis Legitimate?

India Climbs to 40th Rank in Global Innovation Index; Was at 81st Spot in 2015

The Rise of US Dollar is Bad for Global Economy; Here's Why a Decline is Inevitable

After Another Steep Rate Hike, Fed Chair Powell Trusts US Economy to be Resilient and Post Modest Growth

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%