Economic shocks over two decades, combined with reliance on volatile casinos, have undermined confidence despite an economy that’s bustling.
Category: Economic Conditions and Trends
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A City Built on Steel Tries to Reverse Its Decline
Gary, Ind., home of U.S. Steel’s largest mill, is seeking a fresh economic start under a new mayor determined to draw new businesses and residents.
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U.S. Leading Soft Landing for Global Economy
Economies all over the world are lowering inflation while avoiding serious recession — but growth in the United States stands out.
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India’s Quiet Push to Steal More of China’s iPhone Business
The companies that make iPhones are bringing their factories to one corner of India, to graft them onto a network of manufacturers.
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The Squeeze on British Businesses Is Not Letting Up Soon
Company insolvencies hit a three-decade high, with businesses under pressure from high debts, prices and interest rates. The Bank of England held rates steady on Thursday.
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Eurozone Inflation Dips at Start of Year
Price pressures eased in January, resuming a downward trend after a jump in December.
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Global Economy Is Heading Toward ‘Soft Landing,’ I.M.F. Says
The International Monetary Fund upgraded its growth forecasts and offered a more optimistic outlook for the world economy.
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Eurozone Economy Flatlines, Raising Concerns About Falling Behind
The anemic pace of growth in Europe, dragged down by a weak German economy, is widening the gap with the United States.
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After China Evergrande, Real Estate Crisis ‘Has Not Touched Bottom’
The forced liquidation of China Evergrande epitomizes the sector’s struggles: Nationwide, sales are down and millions of homes have been paid for but not delivered.
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China Evergrande Must Be Liquidated, a Judge Said. What Happens Next?
The massive property developer epitomized China’s real estate frenzy, and its downfall fueled the market’s downturn.
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Real Estate Giant China Evergrande Will Be Liquidated
After multiple delays and even a few faint glimmers of hope, a Hong Kong court has sounded the death knell for what was once China’s biggest real estate firm.