IMF Downgrades Global Growth Forecasts and Warns of Fragile Economy
The International Monetary Fund (IMF) has downgraded its global growth forecasts, predicting that the world economy will expand by 2.8% this year and 3% in 2024. These figures are slightly below the IMF’s previous estimates published in January, with a cut of 0.1 percentage point for both this year and next.[0] The IMF warns that […]
Continue reading China’s Consumer Inflation Eases in March: Implications for the Economy and Policy Support
China’s consumer inflation eased in March despite a pick-up in economic activity, with the consumer price index (CPI) rising by 0.7% from a year earlier, down from 1% growth in February, according to the National Bureau of Statistics.[0] This was below expectations, with CPI having been expected to rise by 1% last month, according to […]
Continue reading Biden’s Economic Agenda Powers a Historic Recovery: Latest Jobs Report Shows 236,000 Jobs Added & Unemployment at 3.5%
The latest jobs report has brought good news for the hard-working Americans as the economy added 236,000 jobs last month with an unemployment rate of just 3.5%. This showcases that the country is facing economic challenges from a position of strength.[0] The economic agenda set forth by President Biden has powered an economic recovery that […]
Continue reading The Looming Crisis in the Commercial Real Estate Market: Challenges and Solutions for Refinancing Maturing Loans at Higher Interest Rates
The commercial real estate market in the United States is facing a potentially disastrous situation in the coming years due to a wave of maturing loans that need to be refinanced at higher interest rates, according to experts. Nearly $1.2tn of the outstanding $5.4tn in commercial real estate debt (excluding multifamily) is set to mature […]
Continue reading US Labor Market Remains Strong Despite Signs of Cooling
The US economy added 236,000 jobs in March, according to data from the Bureau of Labor Statistics, beating market consensus calls looking for an unchanged reading of 3.6% in March.[0] The figure represents a strong boost to the labour market and a dip from previous months but still shows a robust labour market.[1] The unemployment […]
Continue reading IMF Warns of Weakest Period of Global Growth Since 1990: Calls for Central Banks to Fight Inflation and Financial Stability
According to the International Monetary Fund (IMF), the global economy is facing its weakest period of growth since 1990, with growth projected to remain around 3% over the next five years.[0] This is well below the average of 3.8% from the past two decades.[1] IMF Managing Director Kristalina Georgieva warned that poverty and hunger could […]
Continue reading US Private Sector Employment Increases by 145,000 Jobs in March, with 6.9% Annual Pay Growth
Private sector employment in the US increased by 145,000 jobs in March, while annual pay was up 6.9% year-over-year, according to the March ADP National Employment Report.[0] The report, produced by the ADP Research Institute in collaboration with the Stanford Digital Economy Lab, uses anonymised payroll data from more than 25 million US employees to […]
Continue reading JOLTS Report Shows Potential Slackening in US Labor Market – Federal Reserve Concerned about Inflation
The US labor market may be slackening, according to the latest job openings and labor turnover survey (JOLTS) report from the Labor Department.[0] The report showed that the number of job openings in February had dropped to 9.9 million, the lowest since May 2021.[1] This suggests that labor market demand is slowing down, but experts […]
Continue reading OPEC’s surprise production cuts cause oil prices to surge, raising concerns around inflation and recession
Oil prices have surged after the Organization of the Petroleum Exporting Countries (OPEC) made a surprise cut to output targets, following Russia’s recent decision to trim oil production by 500,000 barrels per day until the end of 2023.[0] The voluntary cuts amount to more than 1.6 million barrels per day, with Saudi Arabia reducing output […]
Continue reading February PCE Inflation Rate Falls Below Expectations, Core PCE Up 4.6%
The latest report from the Bureau of Labor Statistics shows that the personal consumption expenditures (PCE) index rose by 0.3% from the previous month and 5% on an annual basis. The PCE price index, which is the Federal Reserve’s preferred measure of inflation, came in below expectations that called for a 0.4% rise. It was […]
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