ThinkstockWholesale inventories posted a fairly decent drop in the May, which may create further room for improved restocking activity into and exiting the summer months. Inventories were down by 0.5% at the wholesale level,…
By International Monetary Fund , via Wikimedia CommonsBarely buried in the new International Monetary Fund (IMF) forecast for global growth was the prediction for U.S. gross domestic product (GDP) improvement for 2013 and 2014.…
ThinkstockChina’s exports dropped 3.1% in May, which is viewed as more evidence the Chinese economy is slowing. PMI data has recently confirmed the trend as have downward revisions in GDP improvement from both public…
ThinkstockPerhaps you are tired of hearing about the credit ratings of the PIIGS in Europe or maybe not. It turns out that Standard & Poor’s has downgraded the sovereign credit rating of Italy to…
ThinkstockThe International Monetary Fund (IMF) has released its newest forecasts for global growth in its World Economic Outlook (WEO), and the expectation is that emerging markets are going to lead to even slower global…
ThinkstockIt is a shame that the International Monetary Fund (IMF) can only suggest solutions to the European financial crisis and the devastation of jobs and economic recession that has come in its aftermath. Most…
thinkstockA review of the Greek economy has concluded that the struggling country needs to make more changes if it is to meet the economic targets that will keep bailout funds flowing. The so-called troika…
ThinkstockGreece may have made some economic progress, but it has not made enough for its major financial supporters to claim it is worthy of more bailout money. That is the conclusion of a statement…
ThinkstockBad news about the global economy and that of the world’s largest nations continues to rush out. Germany’s exports plunged 4.8% in May, compared to the same month last year, according to its Federal…
ThinkstockOne day after Christine Lagarde remarked that the International Monetary Fund may cut its global 2013 GDP forecast below its current 3.3%, Citigroup has cut its China forecast to 7.4%. The action likely is…
ThinkstockThe International Monetary Fund, and in particular chief Christine Lagarde, may cut its current forecast for 2013 GDP growth below its current estimate of 3.3%. She made comments about the possibility during a speech.…
Ed Brown, via Wikimedia CommonsIn June, the nation added 195,000 jobs and the rate was 7.6%. The number may have been luck more than skill. Hospitality and leisure jobs rose 75,000. The start of…
Total nonfarm payroll employment increased by 195,000 in June, and the unemployment rate was unchanged at 7.6 percent, the U.S. Bureau of Labor Statistics reported today. Employment rose in leisure and hospitality, professional and…
ThinkstockItaly is economic trouble, according the International Monetary Fund (IMF). That conclusion is obvious, as is the usual refrain that only a quickening of reforms can pull the nation out of its GDP contraction.…
ThinkstockWhat does it cost to live in America. That depends on where people live. There should be no surprise in that given variations in poverty levels, household income, education, and the price of real estate…