Welcome to the Novel Economy
On average, it takes 66 days for new behaviors to become second nature. We have forever changed in the days, months, years following the global disruption of 2020. You can…
The Curse of the Strong U.S. Economy
The U.S. economic climate, however clearly struggling with a developing hazard of economic downturn, continues to show impressive strengths, especially in the labor sector, as illustrated by ongoing task development…
‘The economy will crumble’: Another billionaire investor calls on the Fed to pull back its interest rate hikes
Barry Sternlicht is the most up-to-date billionaire to criticize the Federal Reserve about its string of fascination fee hikes, saying “the overall economy will crumble” if fees are not lowered.…
Japan stocks fall after economy contracts, other markets up
BEIJING — Japanese stocks sank while other Asian markets gained Monday after Japan reported a record economic contraction as the coronavirus pandemic weighed on retailing, investment and exports. (AP Photo/Eugene…
Japan’s economy shrinks at record rate, slammed by pandemic
TOKYO — Japan’s economy shrank at annual rate of 27.8% in April-June, the worst contraction on record, as the coronavirus pandemic slammed consumption and trade, according to government data released…
UK economy officially in recession after 20.4% Q2 slump
LONDON — The U.K. economy has officially fallen into a recession after official figures showed it contracting by a record 20.4% in the second quarter as a result of lockdown…
Singapore economy plunges 13.2% in Q2 in worst quarter on record; 2020 outlook cut
The GDP decline was due to the circuit breaker measures as well as weak external demand amid a global economic downturn caused by the pandemic. The Straits Times/Asia News Network…
BSP chief: PH economy in good position to weather pandemic
The sharp contraction of the economy in the second quarter of the year—the largest decline in the country’s history—is different from previous crises because the country is on better footing…
BSP chief sees no doomsday scenario in PH economy
The Philippines’ macroeconomic fundamentals remain sound despite a record contraction of gross domestic product due to the impact of the coronavirus pandemic, according to the central bank chief. Bangko Sentral…
‘The worst is behind us’: BSP chief says there’s no way for PH economy but up
The head of the country’s central bank said on Thursday (Aug. 6) that the worst is over for the Philippine economy, after the government announced that economic growth declined by…