Category: Economy News

world economy
Economy News

Market Comeback: This Week’s Economic Forecast

Quick Look: Wall Street Success: Dow Jones rose over 2%, marking its eighth consecutive gain; S&P 500 and Nasdaq also saw positive movements; Key Reports Ahead: April’s CPI and retail sales data are due, with

Economy News

The Cooling Job Market: A Closer Look at Current Trends

Quick Overview Job Openings Declined: March saw a significant drop of 325,000 job openings, an unprecedented shift without a corresponding rise in unemployment. Hiring and Quitting Slowed: March’s data shows a decrease in both hiring

world economy
Economy News

Africa’s Economic Turnaround Amidst Global Challenges

Quick Overview Resilient Growth Forecast: Economic growth is expected to rise from 3.4% in 2023 to 4.0% in 2025, despite setbacks from the COVID-19 pandemic Ghana’s Recovery Strategy: Implementing a comprehensive debt restructuring and fiscal

Economy News

China Surpasses Q1 Economic Growth Expectations

Quick Overview: Q1 2024 GDP growth hit 5.3%, surpassing expectations; Industrial production rose by 6.1%, but retail lagged with only a 3.1% rise; Investment divergence was seen between state-owned (up 7.8%) and private sectors (up

China tech stocks surging following stimulus
Economy News

4.8% GDP Growth Signals Potential Economic Uptick

Quick Overview: GDP growth hit 4.8%, signalling potential economic recovery, though sustainability is uncertain. Manufacturing surged by 6% in March, highlighting strong industrial growth. Power production rose, boosted by lower coal prices and increased industrial

Pound yen rate plunges
Economy News

UK Wages Drop 1.3% as Living Costs Surge

Quick Look Real wages in the UK fell by 1.3% in February, continuing a near two-year decline. Nominal wages rose by 1.8% but were outpaced by a 2.8% inflation rate. The Bank of England ended

Stock market rally for Evergrande
Economy News

Xi Jinping’s Summit: Forging Stronger China-U.S. Bonds

Quick Look Xi Jinping meets with U.S. CEOs to rejuvenate foreign investment in China. The decline in foreign direct investment prompts China to pledge more market reforms. Bilateral relations seek improvement following a recent Xi-Biden

Upcoming rate cuts fuel further American dollar rate drop
Economy News

Early Retirements Shrink Labor Pool, Reshape Workforce

Quick Look: Increasing retirements among older workers reshapes the workforce, contributing to a smaller labour pool. The trend of early retirement is primarily driven by health concerns related to COVID-19 and favourable economic conditions for