Economy

The US Dollar is a currency that is widely accepted around the world for international business transactions. It holds a high value and prestige in the world compared to most currencies. Digital currency is the craze of the day that is gradually taking its place in nations of the world. It’s gained so much value […]

It is well over a year since the pandemic took hold. Although it has been a tough time, and it is not over yet, the economy in the United States is poised to recover. However, there are still roadblocks that make reaching this milestone difficult. CNN’s “Back-to-Normal Index” was developed in co-operation with Moody’s Analytics. […]

For the fifth year running, the share of dollar-denominated assets in global foreign reserves sank to 59 percent. The last time the dollar sank to this level was a quarter-century ago. Amid concerns over prospects for the U.S. dollar, emerging economies, including Russia and China are diversifying holdings. Foreign governments have long seen U.S. Government […]

The rapid rollout and wide acceptance of COVID-19 vaccines are starting to pay dividends. The number of people having to be hospitalized, and the number of deaths, are both falling quickly, especially among the older generation. This is good news. The burst of activity as a result of the vaccine program has put the 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 […]