Economy


China’s Economic Expansion Passes Turning Point as it Hits Records
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Author: Maria Andretti

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 […]

22 Apr 2021
EU Set for Rapid Q3 Recovery According to ECB President
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Author: Michael Stern

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 […]

10 Apr 2021
UK Economy Exceeds Expectation After Second Covid 19 Wave
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Author: Michael Stern

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 […]

31 Mar 2021
Federal Reserve Expects US Economy to Grow Faster than Forecast
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Author: Maria Andretti

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 […]

19 Mar 2021
US Economy Sees 379,000 New Jobs in February
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Author: Michael Stern

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 […]

9 Mar 2021
German Economy on the Rise Thanks to Exports and Construction
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Author: Jeffrey Taylor

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 […]

25 Feb 2021
UK Suffers Record-Breaking Contraction Amidst Coronavirus Pandemic
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Author: Maria Andretti

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 […]

16 Feb 2021
Dow Drops 500 Points, S&P 500 Sees 4-day Losing Streak
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Author: Michael Stern

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% […]

23 Sep 2020
Factors Driving the Value of the United States Dollar
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Author: Maria Andretti

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 […]

22 Sep 2020