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Is China Mired in a 'Balance Sheet Recession?'
Finances

Is China Mired in a 'Balance Sheet Recession?'

China’s housing market is weakening again. But as worrying as that is for the nation’s growth, it may be a symptom of a much larger,

Bank Volatility to Cut U.S. Economic Growth, IMF Says
Business

Bank Volatility to Cut U.S. Economic Growth, IMF Says

Economy U.S. Economy Tighter lending expected to shave 0.44 percentage point off U.S. GDP in 2023, organization says Source link

Is Russia’s Economy Growing or Shrinking? It Depends on the Forecaster.
Business

Is Russia’s Economy Growing or Shrinking? It Depends on the Forecaster.

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IMF Says Banking Troubles Create Headwinds for Global Economy
Business

IMF Says Banking Troubles Create Headwinds for Global Economy

Economy International lender sees growth slowing this year, then picking up Source link

Dow, S&P 500 Futures Slip on Renewed Recession Fears
Finances

Dow, S&P 500 Futures Slip on Renewed Recession Fears

Stock futures edged lower as investors focused on fresh signs of a slowing economy. Source link

Cleveland Fed President Reiterates Central Bank’s Resolve to Fight Stubborn Inflation
Business

Cleveland Fed President Reiterates Central Bank’s Resolve to Fight Stubborn Inflation

Federal Reserve Bank of Cleveland President Loretta Mester said Tuesday inflation remains too high and stubborn, and that it could take until 2025 to bring

New Zealand Shocks With Big Rate Rise as Some Central Banks Pause
Business

New Zealand Shocks With Big Rate Rise as Some Central Banks Pause

The Reserve Bank of New Zealand said its half-percentage-point increase was necessary to curb stubbornly high inflation. Source link

World Bank Warns of Lost Decade for Global Economy
Business

World Bank Warns of Lost Decade for Global Economy

Economy The Outlook Lender sees demographics, war and pandemic aftereffects holding back growth Source link

Low Jobless Claims Show Labor Market Stays Robust
Business

Low Jobless Claims Show Labor Market Stays Robust

Worker filings for unemployment benefits rose to a seasonally adjusted 198,000 last week but were still historically low, showing that the broader labor market remains

U.S. Bank Failures Pose Risk to Global Growth
Business

U.S. Bank Failures Pose Risk to Global Growth

Turmoil in the U.S. banking sector increases the risks of a global recession. Source link