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Economy Archive

Oct 4, 2024
Week in Review

Interest rate cuts could trigger changes in customer spending habits

The Federal Reserve cut interest rates by half a point in September, the first cut since 2020. The Federal interest rate sits between 4.75% and 5%, hopefully mitigating the effects of high inflation and offering individuals and businesses a bit of relief. Despite this recent cut, the interest rate is nearly double the pre-pandemic rate.
Sep 20, 2024
Week in Review

China: Economy under stress

Steep losses for the stock market and a slump in FDI to the lowest level in decades has brought added urgency to efforts by officials in Beijing to shore up confidence that the CCP regime is prepared to take the steps required to stabilize an economy that has shown signs of wobbling amid mounting difficulties for the crucial property sector.
Aug 30, 2024
Week in Review

Ukraine economy faces major hurdles

Ukraine’s economic outlook stands conditional based on a number of factors: The destruction of energy infrastructure, logistical mishaps, a difficult labor market and high security risks.
Aug 2, 2024
Week in Review

UK economy defies expectations amid challenges

The U.K. economy continues to defy gloomy expectations, albeit just barely. A monthly survey of economists conducted by the U.K. Treasury shows the average forecast for GDP growth over 2024 has gone up from 0.4% in January 2024 to 0.9% in July 2024.
Jul 26, 2024
Week in Review

Egypt’s economic growth slows amid crisis

Egypt’s economic growth is set to be slower than expected this year after an $8 billion agreement was signed with the IMF in March, according to a Reuters poll of 17 economists. Gross domestic product (GDP) is now forecasted to grow 4%—down from a previous 4.35%.
Jul 19, 2024
Week in Review

South Africa’s economic crossroads

South Africa, Africa’s largest economy with a GDP over $373 billion, faces significant challenges despite its former promise of stability. Their economy contracted by 0.1% in the first quarter of 2024, dragged lower by manufacturing, mining and construction.
Jul 12, 2024
Week in Review

China’s economic recovery lags

China’s economic recovery this year has been lackluster due to production outperforming consumption. Experts say vigorous exports and favorable government policy toward manufacturing are the main contenders.