Economy

While most of the world is still reeling from the effects of the Covid-19 economic slump, the Chinese economy has seen a V-shaped recovery taking it back on track to hit its pre-pandemic levels far quicker than any other country.  According to an economist from Goldman Sachs, “the economy appears to have passed a turning […]

European Central Bank President Christine Lagarde gave an interview with CNBC’s Sara Eisen recently where she discussed the current state of the European economy.  According to Lagarde, European member states should start to see an accelerated rate of economic recovery in the latter half of 2021. She acknowledged the fact that continued lockdowns have put […]

Much like the rest of the world, the UK economy has been taking a battering as a result of Covid 19. The country suffered from continuous lockdowns that resulted in several months of stop-start economics for small business owners all over England.  This was hampered even further as the UK got hit with a second […]

With the rate at which vaccinations are being administered, and with the flow of relief funds into the American economy, the Federal Reserve is expecting a faster and more significant rate of economic growth than originally forecast.  The official prediction in December of last year was 4.2%. However, the Reserve has revisited that prediction, forecasting […]

The US economy continues its upwards momentum in February as the national unemployment rate falls from 6.3% to 6.2% in February of 2021.  The total nonfarm employment in the nation surged by 379,000 jobs, according to data released by the US Bureau of Labor Statistics.  Of the 15 major industry groups, nine of them are […]

Germany, one of the leading economies in Europe, enjoyed a Q4 growth of 0.3%. This boost in GDP signals a welcome sign of recovery from the damage done to the economy by the Coronavirus pandemic. This stronger-than-predicted increase resulted from a solid construction industry and an increase in overall exports out of the country.  Given […]

The Coronavirus has ravaged the global economy since March of 2020. Every nation on the planet has been affected by the virus, but none more so than the UK. The world leader saw a record-setting contraction of 9.9% coming into 2021.  This 9.9% shrinking of the economy is a figure that hasn’t been seen in […]

Monday saw stocks fall as fears over the possible worsening of the current COVID-19 virus. The market also reacted to the uncertainty of a future fiscal stimulus. The Dow Jones Industrial Average fell by 1.8 percent to close 509.72 points lower at 27, 147.70. The S&P 500 did not fare any better. It lost 1.2% […]

The decision to either buy or sell U.S. dollars is based on the economy’s performance. Investment from all corners of the world flows in, and is directed into a strong economy. Investors see the U.S.’s safety, and they recognize their ability to achieve a reasonable rate of return on their money. These people invariably seek […]