Browsing: Economy

Economy
China unveils package to boost economy amid IMF growth warning | China
China’s politburo has signalled measures to kickstart the faltering economy as the crisis gripping the country’s debt-laden property sector continued to play havoc with growth forecasts.Amid a warning from the International Monetary Fund (IMF) that a slowdown in the world’s second-biggest economy could hurt the global recovery from Covid-19, Presid...
Economy
Fitch Ratings lays out ‘strong’ economic outlook for state governments
Nationwide economic growth in 2022 might slow a bit from the “surprisingly strong 2021 underlying business conditions,” but state and local governments can still expect steady gains in tax revenues and should be able to continue to focus on building up reserves, the economists at Fitch Ratings said.The credit rating agency published its 2022 outloo...
Economy
Liberal policies have harmed Turkey’s economy: Turkish historian
TEHRAN - A Turkish historian and political scientist blames liberal policies for the crash of Turkish the lira against the U.S. dollar. “One of the most important reasons for Turkey's lira crash is the neoliberal policies implemented in Turkey for many years,” Mehmet Perincek tells the Tehran Times.  “While liberal policies destroyed Turk...
Economy
In Context: The Glasgow Breakthroughs
During COP26, the UK Government unveiled the ‘Glasgow Breakthroughs’ – a series of commitments from the world’s leading nations to make green solutions the best option for businesses and governments operating in every economic sector. However, these were overshadowed by the last-minute drama, and disappointment, of the separate Glas...
Economy
Digital Economy Payments Report
Digital Economy Payments Report: How Mobile Is Changing US Consumers' Shopping And Payment Habits Physical Retail’s Data Distortion Trap As consumers live more of their lives in a digital-first world, physical retail continues to tout how consumers are coming back. Back from what, Karen Webster says, is the more relevant question as new PYMNTS re...
Economy
Believing That the Fed Controls the Value of the Dollar Does Not Make It True
“As a result, the market started to do much of the stabilizing for us, selling sterling when it approached DM3 and buying sterling whenever it dipped below it.” The above quote is from The View From No. 11, Nigel Lawson’s autobiographical account of his tenure under Margaret Thatcher as England’s Chancellor of the Exchequer. Lawson’s words deserve...
Economy
Stocks week ahead: Small companies are getting crushed
The Russell 2000 (RUT) index, home to companies like Crocs (CROX), BJ's Wholesale (BJ) and others with an average market valuation of about $3 billion, is now trading more than 10% below its 52-week high. That means it's in a so-called correction. An iShares exchange-traded fund of microcap stocks (IWC) (which are even tinier firms than those in th...
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