Tag Archives: economy

Shoppers are propping up the economy. What if they stop spending?

1. Negative feedback loop: The American shopper — the MVP of the national, if not the global, economy — is suddenly showing signs of fatigue. Core retail sales plummeted 1.7% in December, the most in nearly two decades. Blame the December stock market chaos. Or the beginning of the government shutdown. Or even “glitches” in the data, as White House economic ... Read More »

Priority is to get economy back on track

PETALING JAYA: Suggestions are pouring in from stakeholders to the newly-formed Economic Action Council (EAC) on what can be done to get the country’s economic, financial affairs and welfare of the people on track. In welcoming the formation of the council, business communities and the public hope that their plight would be taken into consideration and addressed. In order to improve ... Read More »

US Economy Will Face “Sharp” Slowdown In 2020, Says IMF Chief Economist

IMF chief economist said the slowdown is going to be sharper probably in 2020 than in 2019 (File) Washington: Americans will begin feeling the effects next year of a marked slowing in world economic growth but should be spared a new recession, the chief economist of the International Monetary Fund said in remarks published Sunday. “We  have long been predicting somewhat ... Read More »

Online brokerage stocks could be signaling trouble ahead for broader market, economy

Westends61 | Getty Images A sell-off in online brokerage stocks such as Charles Schwab and TD Ameritrade could be signaling trouble is ahead for the market and the economy. At the very least, they are indicating the Federal Reserve could be set to pause its interest rate increases, given the industry’s sensitivity to the central bank’s moves. “They are early ... Read More »

JP Morgan sees a slowdown coming, with economy growing at less than 2 percent in 2019

Frederic J. Brown | AFP | Getty Images A container delivery truck passes containers stacked at the Port of Long Beach in Long Beach, California on July 6, 2018, including some from COSCO, the Chinese state-owned shipping and logistics company. – JP Morgan economists expect economic growth to slow down in 2019, to a pace of 1.9 percent for the ... Read More »

Series of reforms transformed economy: Jaitley 

New Delhi, Aug 27 () Finance Minister Arun Jaitley has cited IMF reports to highlight how the Narendra Modi-led government through a series of reforms has transformed the “weak economy” it inherited from the UPA government. Jaitley, in a Facebook post, said an analysis of what the IMF had to say in 2014 was very clear — high inflation, high ... Read More »

Global Economy Week Ahead: U.S. GDP Revisions and Other Data

The U.S. Commerce Department releases personal consumption data this week,a measure of household spending on everything from hospital stays to groceries. PHOTO: SCOTT OLSON/GETTY IMAGES In the week ahead, the U.S. Commerce Department releases second-quarter gross domestic product revisions and July personal-income figures. Overseas, Brazil will see second-quarter gross domestic product data and China will release factory-activity numbers. Wednesday: The Commerce Department ... Read More »

Partisanship’s a Helluva Drug — And It’s Reshaping the Economy

Spencer Platt/Getty Images Since his inauguration, President Donald Trump has tweeted about the economy, stock market, unemployment and/or consumer confidence at least 172 times. Read those messages, and you’ll find one consistent theme: The notion that Americans’ sky-high confidence in the economy is evidence of Trump’s popularity and success. “Our Economy is doing better than ever,” he said in a fairly representative tweet ... Read More »

Deteriorating finances batter the SA economy

nternational rating agency Fitch in June also revised its South Africa outlook from the 2.3 percent it forecast previously to 1.7 percent. Photo: Reuters JOHANNESBURG – South Africa’s battling economy pushed further to the edge yesterday as Moody’s flagged that the country deteriorating public finances and weak domestic spending constrained retail sales. Moody’s said the pace of the country’s fiscal consolidation would ... Read More »

Indonesia sets moderate economic goals; economy expected to grow by 5.3% next year

Indonesia’s economy is expected to expand by 5.3 per cent in 2019.PHOTO: REUTERS JAKARTA – Amid rising external pressures, Indonesia’s economy is expected to expand by 5.3 per cent next year on the back of stronger domestic consumption, investment and export, President Joko Widodo told Parliament on Thursday (Aug 16). The growth will be oriented towards equality by accelerating development ... Read More »