Tag: Economy

Despite supply chain challenges and two years of modest performance, Saudi Arabia’s economy is expected to grow next year, driven by increased oil output.

With only 40 shopping days left until Christmas, it’s looking like this holiday shopping season will be a bit different from the past few years. With less time between Thanksgiving and Christmas than normal, customers will be packing a lot of their holiday shopping in a shorter period of time.

Canada’s economy is cooling down after decent second quarter growth, but Trump’s promise of tariffs could squander the nation’s chances at continued growth. Canada’s gross domestic product data shows a dip in growth during the third quarter compared to the strong second quarter, according to TD Economics. The Bank of Canada will meet in mid-December to discuss a possible change to the interest rate.

With Donald Trump’s victory in the 2024 U.S. presidential election, credit managers are facing a new political landscape that will directly influence the economy and credit risk management.

In October, NACM’s Credit Managers’ Index (CMI) presented a mixed economic picture, with a 0.2-point drop to 52.9 month-over-month, but a 1.5-point gain year-over-year. This level suggests that while the economy remains in expansion, growth is tepid amid notable risks.

Nicaragua is dealing with a long period of slow economic growth. From natural disasters, fluctuations in food and oil prices, economic downturns in key trading partners and tighter financial conditions.

The Israel-Hamas war appears to be no closer to ending more than one year after it began. Israel has intensified its military actions since the Hamas’ attack on Oct. 7, 2023. Hamas confirmed on Friday that its leader, Yahya Sinwar, was killed by Israeli forces in Gaza.

When Prime Minister Fumio Kishida took office in October 2021, he promised to rebuild Japan’s economy through a strategy he dubbed, “New Capitalism.” Kishida would quickly change course on his economic plan, which included redistribution at its core in an effort to reduce social inequities. As he stepped down three years later, the changes he brought to the economy seem to pale in comparison to this outsized promise.

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.