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Europe Returns to Timid Growth, but Bigger Headwinds Loom
Lower energy bills helped drive an expansion in activity in the quarter through June, but the region faces a litany of challenges in the coming
U.S. Economic Growth Accelerates
The economy expanded at a 2.4% annual rate in the second quarter, remaining well clear of a recession despite higher rates. Source link
The Economy Has Defied Expectations. Here’s What to Focus On in the GDP Data.
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Fed Set to Raise Rates to 22-Year High. Here’s What to Focus On.
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Stock Market Shrugs Off Recession Signals as Rally Builds
The S&P 500 is trading near its highest level since April 2022 as hopes grow for a soft economic landing. Source link
How U.S. Drug Companies Could Tip Europe Into Recession
Swings in Ireland’s pharmaceutical industry, often rooted in tax moves by U.S.-based firms, have outsize impact on European output. Source link
Russia Boosts Rates as Ukraine War Costs Mount
The full percentage point rise comes as a falling ruble, soaring wages and debt-fueled state spending reignite inflationary pressures. Source link
A Buoyant Global Economy Is Starting to Sag
Manufacturing activity is weakening, Europe has slipped into a mild recession, China’s rebound from Covid-19 is sputtering and heavy debt and high interest rates burden
Economists Are Cutting Back Their Recession Expectations
Forecasters still expect GDP to eventually contract, but later, and by less, than previously. Source link
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,