Economic Predictions/Forecasts

Former Tesla tech chief JB Straubel wins a seat on the auto maker’s board. Former Tesla tech chief JB Straubel wins a seat on the auto maker’s board. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your…

The Bank of England raised its key interest rate for the 12th consecutive time and signaled more increases are possible as it released less gloomy forecasts for the U.K. economy. The Bank of England raised its key interest rate for the 12th consecutive time and signaled more increases are possible as it released less gloomy forecasts for the U.K. economy. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each…

Firm underlying inflation pressures during the first quarter keep the door open for Federal Reserve officials to consider increasing interest rates at their meeting in three weeks before potentially pausing their rate-rise campaign.The consumer-price index rose 0.1% in March and by 5% over the previous 12 months, the smallest annual increase in nearly two years, the Labor Department said Wednesday. Core prices, which exclude volatile food and energy items and which central bankers see as a better gauge of underlying…

Russia’s economy is slated to grow 1% this year, according to JPMorgan Chase & Co. Or shrink 2.5%, if you ask the Organization for Economic Cooperation and Development. Those two figures bookend forecasts from a handful of companies and organizations, illustrating the challenge economists face in surveying Russia’s economic conditions. When the Kremlin stopped sharing some key economic data—including figures on banks, oil and debt—in the first few months after Russia’s invasion of…

A senior Federal Reserve official said he wasn’t concerned about a potential disconnect between officials at the central bank and investors in financial markets over the outlook for interest rates later this year. Last month, Fed officials projected they would hold rates steady this year after raising them to just above 5%. But investors in interest-rate futures markets increasingly anticipate the Fed will cut rates significantly over the 12 months beginning this September. A senior…

The war in Ukraine and stubborn inflation around the world are expected to hold back growth in global trade this year, restraining the pace of economic recovery even as the world emerges from the height of the pandemic.The World Trade Organization said Wednesday the volume of world merchandise trade is expected to expand 1.7% this year, following 2.7% growth in 2022. This year’s forecast falls well below the average annual growth rate of 2.6% since a trade slump after the 2008 financial crisis.  WTO economists forecast…

Social Security won’t have enough money to pay all beneficiaries the amount they are entitled to starting in 2034, according to the latest report by the program’s trustees. Unless Congress takes action to shore up the program, beneficiaries would receive about 80% of their scheduled benefits after that point. Lower birthrates over the past few decades combined with a wave of retiring baby boomers have challenged the long-term solvency of Social Security, which pays benefits to retirees, their survivors and people with…

A major ad forecaster said advertising is still expected to grow in 2023 despite mixed economic signals, a resiliency that industry pros say would have been unlikely during earlier periods of turbulence.  Media owners’ U.S. ad revenues are expected to grow 3.4% to $326 billion this year, according to a quarterly forecast from Magna, a media intelligence and investment firm that is part of Interpublic Group of Cos.’ Mediabrands. That is slightly down from its December estimate of 3.7%…

Large parts of the global economy continue to show signs of a modest rebound after a sharp slowdown at the end of last year, but the improved outlook is threatened by stubbornly high inflation and banking strains in the U.S. and Europe. Business surveys published Friday recorded pickups in activity across Europe that were almost entirely driven by services providers, while Japan saw a similar acceleration that was aided by the arrival of tourists from China after the lifting of Covid-19 restrictions. However, the outlook…

Western central banks should keep raising interest rates to tame high inflation, a leading research body said on Friday, as fresh data showed wages in the eurozone rose at the fastest pace on record late last year.The news underlines how concerns about inflation persist despite market expectations that mounting strains in the banking system could lead central banks to pause their interest rate rises. In its first report on the outlook for the global economy this year, the Organization for Economic Cooperation and…