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And that may be bad news for the economy. What’s going on: Consumer spending is falling back to earth , and even the highest-income Americans are turning to discount retailers like Walmart .
The view of several China watchers is that President Xi Jinping's focus on national security is restricting and working counter to the economic effort, scaring off the money Beijing says it is ...
Economic slack, a term I unfortunately cannot take any credit for, broadly describes a situation where the economy isn’t performing as well as it could be. The most widely recognized symptom of ...
The International Monetary Fund defines a global recession as "a decline in annual per‑capita real World GDP (purchasing power parity weighted), backed up by a decline or worsening for one or more of the seven other global macroeconomic indicators: Industrial production, trade, capital flows, oil consumption, unemployment rate, per‑capita investment, and per‑capita consumption".
Many countries saw their highest inflation rates in decades. It has been attributed to various causes, including pandemic-related economic dislocation, supply chain disruptions, the fiscal and monetary stimulus provided in 2020 and 2021 by governments and central banks around the world in response to the pandemic, and price gouging.
[3] [16] Resultantly, economic hoarding is often considered to be detrimental as it can isolate commodities from the economy. Due to the complexity of the economy and the flows of resources occurring within it, critics argue that the effect economic hoarding has on the economy is abstracted and the results of economic hoarding can be highly varied.
Money raised from special bonds issued by the Ministry of Finance will be used to increase subsidies to encourage people to buy bigger or newer appliances like washing machines or refrigerators ...
For the most part, bad economic news likely could help convince the Fed that the time is right to start lowering interest rates. The one exception is higher inflation, which would push the Fed ...