The Organization for Economic Cooperation and Development (OECD) has projected that the ongoing trade war and rapid policy shifts will slow down economic growth in the United States […]
Economy
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Emerging Markets May Benefit from Weaker Dollar and Lower U.S. Interest Rates
JPMorgan suggests that emerging markets could be an accidental beneficiary of a U.S. growth scare due to a weaker dollar and lower U.S. interest rates. Early futures indicate […]
Economy
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Tariffs on Lumber and Appliances Set Stage for Higher Costs on New Homes and Remodeling Projects
The Trump administration’s tariffs on imported goods from Canada, Mexico, and China are increasing the cost of building materials used in new residential construction and home remodeling projects. […]
Economy
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OECD Warns Donald Trump’s Trade War Will Damage Global Growth
The Organisation for Economic Co-operation and Development (OECD) has warned that Donald Trump’s trade war will damage global growth. The tariffs imposed by the Trump administration on imported […]
Economy
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Egg Prices Drop as Demand Falls
The national average wholesale price of eggs has dropped for the third week in a row. According to reports, egg prices are declining as demand sharply falls among […]
Economy
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U.S. Consumers Anticipate Rising Inflation Amid Economic Uncertainty
A University of Michigan survey reveals that U.S. consumers are increasingly pessimistic about the economy, with expectations of inflation rising to 4.9% over the next year, the highest […]
Economy
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U.S. consumers are starting to crack as tariffs add to inflation, recession concerns
It’s not just Walmart. The leaders of companies that serve everyone from penny-pinching grocery shoppers to first-class travelers are seeing cracks in demand. This marks a shift after […]
Economy
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China unveils plan to ‘vigorously boost’ weak consumption
China has introduced a plan aimed at significantly enhancing weak domestic consumption. The initiative includes measures to increase residents’ income and establish childcare subsidy schemes, among other strategies […]
Economy
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China retail sales pick up as Beijing looks to consumers to ease US trade pressure
BEIJING, March 17 (Reuters) – China’s retail sales growth accelerated in January-February, signaling a positive response to policymakers’ efforts to boost domestic consumption, despite rising unemployment and slowing […]
Economy
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China’s retail sales strengthen at the start of the year, industrial output tops expectations
China’s economy demonstrated a slight improvement for the first two months of the year, as per data released by the National Bureau of Statistics. Beijing has reiterated its […]