CNN Indonesia Wednesday, 21 Feb 2024 05:50 WIB Minister of Finance Sri Mulyani said the economic recession that hit Japan and the UK was triggered by many factors, one of which was the impact of Covid pressure which has not yet ended. (REUTERS/KIM HONG-JI). Jakarta, CNN Indonesia — Minister of Finance Sri Mulyani speak up … Read more
Jakarta – The Swedish economy fell into recession after Gross Domestic Product (GDP) continued to decline for two consecutive quarters. According to the Swedish Statistics Agency, the country’s economy will experience a contraction of 0.3% in the third quarter of 2023. “GDP declined for two consecutive quarters. The decline in GDP was caused by a … Read more
Amid high interest rates and high inflation, American consumers continue to spend. Consumer spending accounts for about 70% of U.S. GDP. The consumption boom during the COVID-19 epidemic has allowed the U.S. economy to maintain surprisingly strong growth momentum. According to preliminary estimates, U.S. real GDP grew by nearly 5% in the third quarter, the … Read more
Business operators hope that in the last 2 months, more long-distance tourists will escape the cold to travel to Thailand. After finding that free visa measures encourage tourists to stay longer and spend more Suggests extending measures to India and Taiwan for MICE operators around the world. Make Thailand number one in your heart Overtaking … Read more
The markets are anticipating a crucial week, which will witness the meetings of a number of central banks, led by the US Federal Reserve, on July 25 and 26, to resolve the position on interest rates and the fate of the monetary tightening policy used to curb inflation.Decisions related to interest rates usually receive wide … Read more
Federal Reserve Chairman Jerome Powell stressed that monetary policymakers have not yet decided on the size of the rate hike later this month, and said it hinges on upcoming jobs and inflation reports. On the second day of congressional testimony, Powell told the House Financial Services Committee on Wednesday, “We haven’t made any decisions regarding … Read more
The inflation target is ambitious Fed officials said they are keeping a close eye on key economic indicators, but investors should expect the numbers to remain mixed even with lower inflation, according to Chris Harvey, head of equity strategy at Wells Fargo. “We’re in a good position that the economy hasn’t cracked,” he said on … Read more
Oil capped its longest streak of daily losses this year as hawkish signals from Federal Reserve officials heightened fears of an excess of crude piling up in storage. Oil prices were negatively affected this week due to the large increase in US crude stockpiles and the general risk aversion that resulted from the possibility of … Read more
Wall Street’s major stock indexes continued to lose, with continued recession fears due to central bank policies. Wall Street indices continue to fall under pressure from recession fears Wall Street’s major stock indexes extended their losses on Friday. Fears of a looming recession, sparked by the Federal Reserve’s ongoing battle with inflation, rattled investor sentiment. … Read more
Stock indexes fell, for the second consecutive day, following the decisions of the central banks, all of which were extremely cautious despite the slowdown in inflation. Stock indexes plunge on the impact of central bank decisions The world stock exchanges, especially the European ones, today, Thursday, reacted negatively to the decisions of the European central … Read more