Texas manufacturing growth in August dropped to its lowest level since May 2020 and the retail sales index stayed negative for the sixth consecutive month, also similar to the pandemic Continue Reading
Brian Bethune, an economist at Boston College, said that the economy paused in the first half of 2022, but the solid labor market means it didn’t dip into a recession. Continue Reading
Second-quarter GDP contraction revised to 0.6% from 0.9% Gross domestic income rises at 1.4% rate in Q2 Average of GDP and GDI climbs at 0.4% pace Weekly jobless claims drop Continue Reading
Business activity in the U.S., Europe and Japan fell in August, according to new surveys, pointing to a sharp slowdown in global economic growth as higher prices weaken consumer demand Continue Reading
Russia’s economy has avoided the meltdown many predicted after Moscow sent its forces into Ukraine six months ago, with higher prices for its oil exports cushioning the impact of Western Continue Reading
Britain’s energy crisis will push millions into destitution this winter unless the government hands out more cash to help struggling households pay fuel bills, Rishi Sunak, the trailing candidate in Continue Reading
The stock market has notched the year’s best stretch of gains, as investors take comfort from early signals that inflation is slowing and the economy is holding up. The S&P Continue Reading
The Russian economy contracted steeply in the second quarter as the country felt the brunt of the economic consequences of its war in Ukraine, in what experts believe to be Continue Reading
U.S. producer prices unexpectedly fell in July amid a drop in the cost for energy products and underlying producer inflation appears to be on a downward trend, while jobless claims Continue Reading
President Vladimir Putin’s invasion of Ukraine set Russia’s economy back four years in the first full quarter after the attack, putting it on track for one of the longest downturns Continue Reading
