As stated by the Labor Department, the number of people out of work for more than 27 weeks rose to 2.4 million in September, 32.5 percent from the prior month. There are 4.9 million people who have stayed jobless between 15 and 26 weeks. Employees who have been isolated from their jobs for more than …
The new rate of linking LBP/$8,600-LBP/$8,750 indicates the currency has dropped 81 percent of its value in the prior year since banks began limiting withdrawals of dollars. As stated by the analysis by Arabian Business based on the Big Mac index, created by the Economist in 1986 as a lead to whether currencies are at …
Lebanese Pound Is The Most Undervalued Currency In The World Read More »
The global downturn has taken a toll on emerging-market currencies as investors avoid economies seen as weak. This toll has increased the price of imported products and launched domestic prices upward. This leaves central banks with a dilemma: Lowering rates to stimulate the economy risks quickening inflation, causing more pain on customers, but increasing rates …
Emerging Economies are Struggling with the Rising Food Prices Read More »
The September report published Friday at 8:30 a.m. according to Dow Jones, ET is assumed to show 800,000 nonfarm payments were joined, correlated to 1.37 million in August. The monthly job report is the last to be published before the presidential election in November. It is assumed to display a steady improvement in the labor …
Final Report Before Elections Reveals Fewer Job Openings In September Read More »
The GDP, the economy ‘s total output of goods and services, dropped at a 31.4% rate in the April-June quarter. Only slightly modified from the 31.7% decline predicted one month ago, the Commerce Department proclaimed Wednesday. The government’s last glance at the second quarter recorded a more than three times larger drop than the fall …
The 31,4% Slide In The U.S. Economy Is More Likely To Shrink Read More »
China’s official manufacturing purchasing managers’ index (PMI) persisted at 51.5 in September, with a reading above 50.0 implying factory output extension. This was an over the task of 51.0 for August, and also over the median expectations in a Bloomberg poll for a climb to 51.3. Caixin/Markit manufacturing PMI, which concentrates on smaller, private firms, …
China’s Manufacturing Services Outlook Stays Positive Read More »
Governors of the eight countries of the West African Economic and Monetary Union (WAEMU) and the wider 15-member Economic Community of West African States (ECOWAS) anticipated the French colonial CFA franc’s replacement would be set in place by the end of this year. The acknowledged criteria among WAEMU affiliates for the currency’s launch were national …
As shown by the central bank’s data, the year-on-year credit increase stood at 9.36 percent in August, up 9.20 percent from a prior month. Credit growth had declined in the two years to April before developing in May and decreasing once again in June. It began an uphill trend in July, a sign of the …
INCENTIVE PACKAGES ARE SUPPLYING THE CREDIT GROWTH Read More »
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