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Economic News Reports

Digital technologies are now widely used to create new products and services for people and communities in all parts of the world. These innovations address critical needs in areas such as healthcare, ...
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Posted: 2024-10-23 02:47:00

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Economy News: Slowdown in US hiring suggests economy still needs rate cuts, Fed's Powell says

Thu, 16 Oct 2025 13:08:01 +0000
A sharp slowdown in hiring poses a growing risk to the U.S. economy, Federal Reserve Chair Jerome Powell said Tuesday, a sign that the Fed will likely cut its key interest rate twice more this year. Powell said in a speech in Philadelphia that despite the federal government shutdown cutting off official economic data,
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Economy News: UK will be second-fastest-growing G7 economy, IMF predicts

Thu, 16 Oct 2025 13:08:01 +0000
In the IMF's forecast for economic growth, the UK overtook Canada, after its trade-war-affected economy was hit by the biggest downgrades for 2025 and 2026. Germany, France and Italy are all forecast to grow far more slowly at rates of between 0.2 and 0.9% in 2025 and 2026.
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Economy News: Big bank CEOs see an economy that's 'resilient' in the face of uncertainty

Thu, 16 Oct 2025 10:07:57 +0000
JPMorgan, Citigroup and Wells Fargo all used "resilient" to describe U.S. consumers — even as they grapple with tariffs and a weakening job market.
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Economy News: Shutdown is costing US economy $15 billion a day, Bessent says

Thu, 16 Oct 2025 07:08:03 +0000
The two-week-old federal government shutdown is costing the U.S. economy about $15 billion a day in lost output, Treasury Secretary Scott Bessent said on Wednesday, putting an estimate on its economic ...
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Economy News: Kremlin rejects Trump's view that the Russian economy could collapse

Thu, 16 Oct 2025 04:07:56 +0000
By Guy Faulconbridge, Olesya Astakhova and Gleb Stolyarov MOSCOW (Reuters) -The Kremlin on Wednesday pushed back at U.S. President Donald Trump's warning that the Russian economy was going to collapse ...
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Hungary's Orban expects to meet Trump to discuss economic agreement, media reports

Wed, 15 Oct 2025 22:55:30 GMT
Hungarian Prime Minister Viktor Orban said late on Wednesday that he expects to meet U.S. President Donald Trump soon to discuss an economic agreement between the two countries.

China reports $30.5 billion in economic losses from natural disasters so far in 2025

Wed, 15 Oct 2025 20:01:13 GMT
China's Ministry of Emergency Management said on Thursday that natural disasters in the first three quarters of 2025 affected crops with an area of 530,000 hectares and had a direct economic loss of ...

Fed report: Arkansas can’t shake pessimism

Wed, 15 Oct 2025 14:46:00 GMT
Arkansas has yet to shake a slightly pessimistic economic outlook, described Wednesday in the latest Beige Book report from the Federal Reserve Bank of St. Louis.

Asian Markets: Bloomberg Reports on Economic Growth and Investment Trends

Wed, 15 Oct 2025 00:09:00 GMT
This article looks at what Bloomberg is reporting about Asian markets. We’ll cover how these markets are doing, what’s driving their growth, and where investors might find goo ...

CPI Report Will Shine Light On Economy During Data Blackout

Fri, 10 Oct 2025 13:43:00 GMT
The Bureau of Labor Statistics will reportedly release a key report on inflation for September despite an ongoing government shutdown that is delaying most of the statistics produced in Washington.


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