Eurozone Slipped Into Recession Early in the Year
A weak recovery has been underway since then, but growth is expected to remain tepid for the remainder of the year.
Posted inBanking and Financial Institutions China Coronavirus (2019-nCoV) Credit and Debt Developing Countries Economic Conditions and Trends Europe Inflation (Economics) Interest Rates International Trade and World Market Poverty Recession and Depression United States United States Economy World Bank
World Bank Projects Weak Global Growth Amid Rising Interest Rates
A new report projects that economic growth will slow this year and remain weak in 2024.
Posted inFederal Reserve System Hiring and Promotion Inflation (Economics) Labor and Jobs Labor Department (US) Layoffs and Job Reductions Recession and Depression Unemployment United States Economy
Job Openings Rose in April, Defying Cooling Trend
The Labor Department report may put pressure on the Federal Reserve to raise interest rates further to stem inflation.
Posted inCommerce Department Consumer Behavior Federal Reserve System Income Inflation (Economics) Labor and Jobs Prices (Fares, Fees and Rates) Recession and Depression United States Economy
Consumer Spending Rose More Than Expected in April
New data on spending and income suggest that the economy remains robust despite the Federal Reserve’s interest rate increases.