Economic Contraction

EMERGING MARKETS – Philippine stocks fall as Fitch’s weaker outlook angers investors

* Most EM Asia currencies inch higher * U.S. inflation figures eyed * Indonesia stocks ease after growth forecast cut By Shashwat Awasthi July 13 (Reuters) - Philippine stocks slipped more than 1% on Tuesday after credit ratings agency Fitch downgraded its outlook on the country, stoking fears that other …

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Why Modi needs to act on the economy now

On July 7, Prime Minister Narendra Modi reset his government with a massive reorganization of his ministers and their responsibilities. This included the enthronement of new faces, a new ministry of co-operatives, expanding the size of government and a reshuffle of portfolios. The Ministry of Micro, Small and Medium Enterprises …

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Private workforce losses show economic decline in Montgomery County

Montgomery County’s long economic decline is accelerating, and if residents and businesses aren’t alarmed yet, they should be. Despite an educated workforce, proximity to the nation’s capital, and several large private employers, the county’s value proposition to businesses in the market for new locations or considering expansions does not help …

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UK growth slows as computer chip shortage hits auto industry | Economic growth (GDP)

Britain’s economic recovery stumbled in May when growth slowed to 0.8% after a contraction in construction work and a slump in auto production. It was the fourth consecutive month of GDP growth, and followed a 2% growth in April, but the slowdown in May was more pronounced than expected after …

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U.S. Treasury Yields Extend Sharp Fall

U.S. government bond yields hit new multi-month lows on Wednesday, reflecting investor concern over the economic outlook and new concerns about the highly contagious Delta variant of Covid-19. Yields, which fall when bond prices rise, rose sharply in the first quarter of 2021 but have been pulled lower in recent …

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Haley targets Biden, saying national debt is “now bigger than our economy” :: WRAL.com

By Jason Asenso and Louis Jacobson, PolitiFact reporters Four years after passing a major tax cut that slashed federal revenues, Republicans are sounding the alarm again on the national debt. President Joe Biden has already signed a $ 1.9 trillion coronavirus and economic relief program known as American rescue plan, …

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The national road logistics sector will increase by 6 to 9% during FY22: Icra

New Delhi: Encouraging signal for the Indian economy, the national road logistics sector has experienced a strong rebound and is expected to grow 6-9% in the current fiscal year, according to Icra Ratings. This comes against the backdrop of India posting record merchandise exports of $ 95 billion in the …

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World Bank: Growth with equity a priority for Latin America’s post-pandemic agenda

Photo in times of pandemic in Lima, Peru.Victor Idrogo / The World Bank. The epidemic has hit Latin America and the Caribbean region hard. The economic contraction of 2020 was the biggest in more than a century. For 2021, we expect a hopeful partial recovery. However, the best way out …

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Fasten Your Seatbelt: First Quarter Results May Push Market Up After Current Break

The national stock market has corrected steadily over the past week, especially the heavyweights of the index, with REITs continuing to post profits. Investors have emerged from the defensive straitjacket of 2020 and increased their appetite for risk. Global central banks have undertaken huge borrowing activities to cope with the …

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Swiss franc at 3-month low

The Swiss franc fell slightly on Friday. In European trade, USD / CHF is trading at 0.9271, up 0.18% on the day. The pair gained 1.06% this week, with the Swiss franc at its lowest level since April. The Swiss manufacturing sector continues to show strong growth. The June manufacturing …

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