GDP

As U.S. GDP Chugs Along, Global Growth in 2020 Looks Muted from China, India and Elsewhere

It wasn't that long ago that the financial media and mainstream media were touting an imminent recession. While the media was just absolutely wrong collectively about the recession calls, and ...
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Why Goldman Sachs Sees Lower Recession Risks and Strong Stock Market Gains in 2020

The media is having to continue to back away from all of those endless predictions of an immediate recession. One of the top firms on Wall Street is not only ...
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Hong Kong Falls Into Recession

Hong Kong, one of the business capitals of the world, is in recession, according to its Census and Statistics Department. Hong Kong's economy, if measured independently from China, which controls ...
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As GDP Holds Up, Those Imminent Recession Calls Looking Very Premature

While Wednesday was supposed to be a day about a Federal Reserve rate cut by the Federal Open Market Committee (FOMC), it was also the day that brought the first ...
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German Economy Goes Into the Dump

Germany, the largest economy in Europe and the fourth largest in the world, is in deep trouble, and it has grown worse recently. The country's manufacturing sector continues to deteriorate, ...
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US Economy May Grow Only 2.1% Next Year

The International Monetary Fund has issued its updated World Economic Growth Outlook. In the document, the organization downgraded its global growth forecast to 3.4% gross domestic product expansion. That is ...
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China’s GDP Growth Near Record Low

China reported Friday that the country's gross domestic product growth for the third quarter of the year was 6%. Not since the first quarter of 1992, the first quarter for ...
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NY Fed Shows Regional Services Business Leaders Turning Negative

The Federal Reserve Bank of New York has released a monthly Business Leaders Survey, which is a semi-live reading as the data is for October. This monthly Federal Reserve survey ...
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Weak Retail Sales Weigh on the Markets

In a sensitive economy in which growth is slowing enough that recession fears are high, every single economic report is given a very close look. Retail sales matter when it ...
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IMF 2019-2020 Outlook: Recession or Synchronized Slowdown?

The International Monetary Fund (IMF) has released an update to its latest World Economic Outlook with lower growth expected in 2019. What is interesting about the global outlook, despite all ...
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More Economists Now Expect Recession, Trade Uncertainties to Blame

U.S. economic growth in the fourth quarter is expected to be 2.2%, down from 2.5% in the fourth quarter of last year. Worse, in the fourth quarter of 2020, growth, ...
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Experts Expect GDP Growth to Drop to 1.8% Next Year

The forecasts of the National Association of Business Economists (NABE) are among the most closely followed among businesses and the press. The organization's new forecast puts gross domestic product (GDP) ...
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Bad Economic News Turns Into Good News, Interest Rate Cut Odds Looking Strong

Sometimes there is a situation where bad news is good news in the financial markets. After the first contraction was seen in manufacturing this week, it turns out that services ...
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Stock Market Struggles as Much Weaker Services Growth Piles on Manufacturing Contraction

The markets had tried to stage a recovery on Thursday, but after an 800-point drop in the Dow Jones industrial average in two days, more weak economic data quickly knocked ...
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ISM Manufacturing Data Sees Near-Decade Low for September

Two fresh readings have been seen for the U.S. manufacturing sector. One rose further into expansion and the more prominent index contracted further. The Markit PMI Manufacturing Index rose to ...
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