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 […]
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Slowing Global Economic Growth is Increasingly Evident, High-Frequency Data Show
Global economic growth prospects are confronting a unique mix of headwinds, including from Russia’s invasion of Ukraine, interest rate increases to contain inflation, and lingering pandemic effects such as China’s lockdowns and disruptions in supply chains. In turn, our latest World Economic Outlook, released last month, lowered our global growth […]
Tech layoffs, including at Amazon and Meta, signal slowing economy but not a recession yet
Comment on this story Comment Tech company layoffs are not expected to prompt a tsunami of job losses in other industries, but they are another sign of a cooling economy more broadly, economists say. Facebook parent Meta announced that more than 11,000 employees would be laid off. Twitter is slashing […]
EUR/USD Bounces as ZEW Economic Sentiment Beats Estimates, Pessimism Remains
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Euro ZEW Economic Sentiment Key Points: EU ZEW Economic Sentiment Index: Actual -59.7 vs -60.7 September. German ZEW Economic Sentiment Index: Actual -59.2 vs -61.9 September. ZEW Current Conditions Hint that the Downturn has Already Become a Reality. Recommended by Zain Vawda Get Your Free EUR Forecast The ZEW Economic […]
What’s happening with home prices? Mortgage rates, tight supply are factors
Daniel Acker | Bloomberg | Getty Images Home prices are softening in most markets across the nation. Yet home prices are still higher compared with a year ago, and it’s unlikely they will fall too steeply. The sharp rise in mortgage rates over the past several months has made housing […]