IMF Upgrades Outlook for the Global Economy in 2023
It now expects the world economy to grow 2.9% this year. That forecast is better than the 2.7% expansion for 2023 that the IMF predicted in October. read more >
It now expects the world economy to grow 2.9% this year. That forecast is better than the 2.7% expansion for 2023 that the IMF predicted in October. read more >
A change in its statement, if there is one, could be seen as signaling an eventual pause in the Fed's aggressive drive to raise borrowing costs. read more >
Most economists think the economy will slow further in the current quarter and slide into at least a mild recession by midyear. read more >
The bank reported slowing activity in its commercial loan pipeline, which it attributed to "softening prospects of economic growth." read more >
The Fed's goal in raising interest rates has been to fight inflation by making borrowing more difficult and to slow economic growth. The strategy, though, hurts investment prices and risks slowing the economy too much and causing a recession. read more >
One reason for the tentative optimism is evidence that an acceleration in U.S. wages, which has benefited workers but also heightened inflation, is slowing. read more >
Even as inflation gradually slows, it remains a painful reality for many Americans, especially with such necessities as food, energy and rents having soared over the past 18 months. read more >
A looming recession, still high (although easing) inflation and labor woes are just some of the issues. read more >
Though the United States might avoid a recession this year — the World Bank predicts the U.S. economy will eke out growth of 0.5% — global weakness will likely pose another headwind for America's businesses and consumers, on top of high prices and more expensive borrowing rates. read more >
The rise in gross domestic product — the economy's output in goods and services — marked a return to growth after consecutive drops in the January-March and April-June periods. read more >
It's a sharp rebound, pushing the index to its highest level since April. read more >
Employers posted 10.3 million job vacancies in October, down from 10.7 million in September. read more >
Last quarter's rise in the U.S. gross domestic product — the economy's total output of goods and services — followed two straight quarters of contraction. read more >
Despite the negative outlook, however, most Americans — particularly those with higher incomes — are still spending. read more >
New figures show 5% growth in just the past two years, presenting strains — and opportunities — for the region. read more >
Economists noted that the third-quarter gain in GDP could be traced entirely to the surge in exports, which added 2.7 percentage points to the economy's expansion. read more >
Some corporate leaders say a recession is coming. Here’s what businesses can do to prepare. read more >
Reflecting the dimmer macroeconomic view, Citigroup, Wells Fargo and JPMorgan socked away cash in their loan-loss reserves. read more >
BofA put $378 million into its loan-loss reserves this quarter — a similar level to Citigroup and Wells Fargo. read more >
Still, there were signs that rising prices are weighing on shoppers. read more >
