The Indian government will on Friday come up with its first advance estimate of economic output for the current fiscal year, amid widespread expectations that growth slowed on an annual basis while Asia’s third largest economy battles with inflation pressure. New Delhi had pegged India’s growth at 8.7% in the […]
Economic News
Dow Jones Reverses Lower Amid Economic Data; Tesla Dives On Q4 Deliveries Miss
The Dow Jones Industrial Average reversed lower Tuesday amid the release of economic data. The dollar jumped, and China stocks posted broad early gains on hints of a peak in Covid cases. And Tesla stock skidded more than 7% after the electric-vehicle giant reported record deliveries in the fourth quarter, […]
Global markets try to put last year’s misery behind them
London CNN — European and Asian stocks pushed higher on the first major trading day of 2023 as investors try to look beyond a gloomy outlook for the world economy, China’s worst Covid outbreak and stubbornly high inflation in Europe. But after a positive start, Wall Street succumbed to fear […]
Biden to laud economic wins with McConnell as GOP takes over House
Jan. 1, 2023, 3:00 PM UTC By Mike Memoli President Joe Biden will open the new year with a bipartisan show of support to tout one of his major legislative wins, appearing with Senate Minority Leader Mitch McConnell in Kentucky to announce a major project funded by the infrastructure law. […]
Unusual events create global economic issues for 2023
A global pandemic, a war in Europe, climate change mandates, government policies restricting oil supply, and record high energy prices have thrown a cloud over future energy supplies, which has resulted in rising inflation and the potential for a worldwide recession. By Alex Mills A global pandemic, a […]
What Will the US Economy Look Like in 2023?
What will the U.S. economy of 2023 look like? It’s the question on everyone’s mind, especially after years of hardship brought on by the COVID-19 pandemic, inflation and supply chain disruptions that’s dovetailed into lingering uncertainty over the direction of the economy. Whether a bona fide recession is in the […]