Economists Expect 33.5% GDP Decline in Q2
The 44 panelists who were polled for the closely watched NABE Outlook Survey remain decidedly pessimistic about second-quarter gross domestic product.
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America’s 10 Fastest Shrinking Cities
They are mostly old American manufacturing hubs that have lost their manufacturing employers. In a period of modest population growth, these cities shrank handily.
America’s 10 Fastest Growing Cities
Not surprisingly, five of the 10 fastest-growing U.S. cities are in Texas, which has been the fastest-growing state for years.
The 10 Hottest Places in the World Today
Currently, most cities with the highest temperatures are clustered in Kuwait, Iran and Algeria.
Personal Income, Consumer Spending and Personal Savings Rates Look Schizophrenic in the Recession
Government statistics often look haywire or get out of whack, but there are certain moments when batched economic reports almost look like mass schizophrenia has arrived.
Millions of Americans Are Wiping Out Their Retirement in the COVID-19 Recession
In the COVID-19-induced instant recession of 2020, the big mistake the public is making is tapping into their retirement accounts.
Texas Manufacturing Activity Is No Longer in Free Fall
The Federal Reserve Bank of Dallas has released its monthly Texas Manufacturing outlook covering May 2020. The numbers look atrocious.
Consumer Confidence No Longer Sliding Into Oblivion
The Conference Board has reported that its Consumer Confidence Index managed to hold steady in May after a major decline in April.
The 10 Hottest Places in the World Today
Currently, the cities with the highest temperatures in the world are clustered in Pakistan and India, its neighbor to the southeast.
Hong Kong, World’s 32nd Largest GDP, By The Numbers
Hong Kong is under siege. China has said it will push new national security laws to control the population. Protests have erupted and the dispute has moved toward violence. More is at stake than…
10 Forces Driving the Stock Market Gains and the Economic Recovery
Here are ten issues that offer some views to explain the stock market gains, even as the reopening of America's economy is still in the beginning stages.
Recession Is Biggest Risk From COVID-19 Pandemic
A new survey from the World Economic Forum highlights the global risks that pose the greatest threats to economic recovery from the COVID-19 outbreak.
Visits of 200 Million Tourists at Stake in Europe
Europe remains the place where most nations are at risk of losing hundreds of millions of visitors and billions of dollars from tourism.
Germany Dumps Into Recession As GDP Drops 2.2%
Germany’s Federal Statistical Office (Destatis) announced that first-quarter GDP dropped 2.2% as its economy plunged into recession. Notably, COVID-19 could only have affected the latter part of the quarter because its rapid spread in…
Why the 2.98 Million Jobless Claims Report Should Be Ignored
More employees appear to be heading back to work. The weekly jobless numbers are still ghastly compared to the past, but they are becoming less ghastly.