Global Economy –Rundown: The unemployment filling by Americans for the week ended 18th July rose by 1.416 million, as the aggregate unemployed claims were estimated at 31.8 million beneficiaries, as of 4th July. The increase in jobless benefit payout is related to increase cases of confirmed COVID-19 that has pressured authorities to either shut down…
Global Economy –Rundown: China’s economy recorded a rebound in the second quarter of the year, as its GDP grew by 3.2% for the period, as against first quarter GDP contraction of 6.8%, this was attained based on lockdown easing, stimulus enhancement through fiscal spending and, cutting of lending rates and, lowering of banks reserves. Although…
Global Economy –Rundown: The United State Producers Price index for the month of June tanked by 0.2%, and the 12 months average of same parameters for the month revealed a 0.8% dip, which is at par with May’s 12 months average. The compressed Producers Price Index was fueled by subdued services sector weakness. Given…
Global Economy –Rundown: A glimpse of hope towards global economic recovery was spurred on the hills of encouraging rebound from manufacturing activities emanating from the world economy powers (China & United State), as the respective economy recorded weighty growth in its manufacturing activity for the month of June. According to data released by Institute for…
Global Economy –Rundown: Based on the recently reviewed Global Economy outlook, International Monetary Fund have downgraded its global forecast further down as additional data collated revealed the magnitude of financial resources devoted to curbing and stemming the COVID-19 pandemic. The Fund now anticipate a global economic contraction of about 4.9% for the year, as…
Global Economy –Rundown: A marginal gain in the United State retail sales was recorded for the month of May, as renewed consumers spending fueled a rise of 0.5%, and retail data for the month of April was modified to reflect an appreciated retail sales of 0.3%, as against a contraction of 0.2% earlier reported. Based…
Global Economy –Rundown: Global economic gladiators are activating their responsive shield to the virus ravaging the entire globe, as major central Bank across the globe are working round the clock in ensuring that its respective economy is fortified from the fallout of the epidemic, while noticeable moves were rate cuts, quantitative easing, payroll tax cut…
Global Economy –Rundown: The Fed Chairperson, explained that its prompt decision prior to its already scheduled meeting for 18th March, 2020, was spurred by potential risk to the United State Economy, arising from the novel coronavirus. The recent move of the Fed, is being interpreted “as when the watcher becomes the watch”, as the Fed…
Global Economy –Rundown: According to the recent revised Global economic outlook for 2020, as conducted by Economic Intelligence Unit, estimate the world economy to grow by 2.2%, which represent a 0.1 percentage point decline from the earlier projection of 2.3% economic growth, this review was spurred by the epidemic ravaging china and other part of…
Global Economy –Rundown: United State labour data that was released for the month of January 2020, revealed a steady gains, which was indicated by the 53.06% growth in payrolls increase from the previous month rate that stood at 147,000 acceleration to the current month 225,000 payroll increase, this simply provides an empirical basis for…