Global Economy –Rundown: China has reported some blossom economic data on its path to recovery from the Covid-19 economic shock, this is manifested by its encouraging PMI index that has indicated expansionary growth in recent month, however, the sustainability of such growth is threatened, as this was propelled by export-driven activities and this embedded with…
Global Economy –Rundown: China’s official Manufacturing Purchasing Manager’s Index for the month of September ramped up marginally by 0.50 index point to 51.50 index point from the previous month index readings of 51.00, the improved index was propelled by resilient export activities and infrastructure expansion that has resulted in enhanced demand and supply, as…
Global Economy –Rundown: The possibility of securing lawmakers assent for an additional relief package prior to the election remains faint, as such the Fed Chair and Treasury Secretary have requested from the United State lawmakers to consider approving the utilization of the unused pandemic aid that is estimated at about $380 billion, this call is…
Global Economy –Rundown: According to the organization of Economic Corporation and development have revised its economic outlook for the rest of the year, its global economic projection stands at 4.5% contraction, which is an improvement from the previous projection of global economic contraction of 6%, despite the improved projection, the global economy is still embodied…
Global Economy –Rundown: The United Kingdom, as decided to thrown caution to the wind as regards, post-transition trade agreement with the European Union, as the former is seeking ascent to a bills to be legislated that will empower it not to request for ratification from EU as regards state aid involving the trade of goods…
Global Economy –Rundown: The United State’s citizens filing for unemployment benefits claims receded below the million mark, based on prior week labour data, and this is the second time since COVID 19 outbreak, this slide was fueled by a seasonal adjustment which resulted in the 881,000 unemployment benefit claims for the week ended 29th August,…
Global Economy –Rundown: The American economic landscape was stirred to a new shift in Fed reserves Monetary Policy approach by leaving inflation to hover at an average inflationary target of 2%, and the employment benchmark will be accounted for by deficits from the maximum targeted benchmark, as prior indicators have been deviations from the maximum…
Global Economy –Rundown: The European Union and United Kingdom transitional trade agreement ended in a stalemate, as both parties were tightfisted on the fundamental issue around the state aid rules, fishing quotas, migration, security, dispute-settling mechanisms, and human rights guarantees, which are grey areas that must be resolved, else the possibility of agreeing to a…
Global Economy –Rundown: China’s dollar-denominated export increased by 0.5% on a year on year basis, while its import rose by 2.7% for the same period, the country’s trade surplus for the month of July was $62.33billion. The resilient of its export was influenced by demand for medical supplies and work from home equipment. However, the…
Global Economy –Rundown: The United State Economy, dipped by 9.5% from the first quarter, at an annualised level of 32.9%, the second quarter economic contraction was propelled by slump that cut across business investment activities, residential investment, and household spending on services that witnessed an annualised decline of 27%, 38.7%, and 43.5% respectively. Economic data…