Search For "us economy"
Inflation risks high but US economy won’t enter into recession: Federal Re
Updated : 2 years, 7 months ago IST
The US economy is unlikely to enter into a recession in 2023, minutes of the Federal Reserve’s July monetary policy review meeting showed, and noted that spending and real activities had improved after the banking crisis experienced earlier this year.
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China wants Russia to remain engulfed in war against Ukraine: Report
Updated : 2 years, 11 months ago IST
Experts are particularly suspicious about China's sincerity towards pushing Russia to end the war against Ukraine. For China, the war in Ukraine seems to be a blessing in disguise as it is draining out the West and Russia of their economy and strength, reported Geo-politik.
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US economy added just 236,000 jobs in March
Updated : 2 years, 11 months ago IST
The unemployment rate dropped to 3.5 per cent, according to the March jobs report released on Friday by the Bureau of Labor Statistics.
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Biden says US economy better positioned to grow than any 'on Earth'
Updated : 3 years, 1 month ago IST
"The pandemic disrupted our supply chains and Putin's unfair and brutal war in Ukraine disrupted energy supplies as well as food supplies," said Biden to Congress."But we're better positioned than any country on Earth right now," he said in his State of the Union address.
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US economy expands 2.9 per cent in December quarter
Updated : 3 years, 1 month ago IST
"The increase in private inventory investment was led by manufacturing (mainly petroleum and coal products as well as chemicals) as well as mining, utilities, and construction industries (led by utilities)," the US Department of Commerce said.
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Recession to hit a third of the world in 2023: IMF
Updated : 3 years, 2 months ago IST
Georgieva warned that 2023 is going to be tougher on the global economy than the one left behind. "Why? Because the three big economies, US, EU, China, are all slowing down simultaneously," she said.
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US extends interview waiver for certain non-immigrant visa categories
Updated : 3 years, 2 months ago IST
The US on Friday (local time) extended the interview waiver facility for certain non-immigrant visa applicants.
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US economy out of recession as growth turns positive in third quarter
Updated : 3 years, 4 months ago IST
The country's economy grew at an annual rate of 2.6 per cent in the third quarter of 2022 (July-September), taking the US out of a technical recession.
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Mainland China's economy is expanding while global economic outlook for 20
Updated : 3 years, 5 months ago IST
New Delhi [India], September 22 (ANI): S&P Global Market Intelligence on Thursday said mainland China's economy is expanding again after a setback in the second quarter due to Covid-19 lockdowns while the global economic outlook for 2023 has dimmed as financial conditions deteriorated.
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US: Federal Reserve hikes interest rate by 0.75pc to tackle inflation
Updated : 3 years, 5 months ago IST
Washington [US], September 22 (ANI): The US Federal Reserve for the third time approved an interest rate hike by 0.75 per cent in an aggressive move to tackle the inflation that has been affecting the US economy.
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US economy shrinks for second straight quarter, furthers recession fears
Updated : 3 years, 7 months ago IST
Washington [US], July 28 (ANI): Real gross domestic product (GDP) in the US decreased at an annual rate of 0.9 per cent in the second quarter of 2022 (April-June), marking the second consecutive quarter of degrowth which qualifies for a technical recession.
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No surprise that US economy is slowing down: Biden
Updated : 3 years, 7 months ago IST
Washington [US], July 28 (ANI): US President Joe Biden on Thursday said it is "no surprise" that the world's largest economy is slowing down amid rising inflation in the country.
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