Germany’s Ifo Institute Cuts 2021 Growth Forecast to 2.5%Economy

Germany’s Ifo Institute Cuts 2021 Growth Forecast to 2.5%

Germany’s Ifo economic institute has slashed its growth estimate for the country this year. Europe’s largest economy’s recovery is slowed…

ECB Acknowledges Risk of Price GrowthEconomy

ECB Acknowledges Risk of Price Growth

Despite the European Central Bank (ECB) policymakers’ statements that the recent inflation surge is temporary, more people are now acknowledging…

Thailand Increases its Public Debt Ceiling to 70%Economy

Thailand Increases its Public Debt Ceiling to 70%

The government of Thailand has raised the ceiling of its public debt-to-gross domestic product (GDP) ratio to 70% from 60%, …

Employment Declined in 19 U.S. States in AugustEconomy

Employment Declined in 19 U.S. States in August

Employment in 19 states and the District of Columbia slowed in August in an uneven recovery. The majority of other…

U.S. Retail Sales Jumped as Purchases Picked Up in AugustEconomy

U.S. Retail Sales Jumped as Purchases Picked Up in August

U.S. retail sales unexpectedly jumped in August as purchases picked up. This shows that consumer demand for merchandise is resilient.…

Inflation in Canada Reaches 18-year-highEconomy

Inflation in Canada Reaches 18-year-high

Broad upward price pressures drove Canada’s annual inflation rate to speed up. Data on Wednesday showed it accelerated to an…

U.S. Poverty Rate Rose From a 60-Year Low amid CovidEconomy

U.S. Poverty Rate Rose From a 60-Year Low amid Covid

The U.S. Census Bureau released its annual data showing median, inflation-adjusted household income decreased 2.9% in 2020 to $67,500. For…

Germany’s Scholz, Laschet, and Baerbock Debate on TVEconomy

Germany’s Scholz, Laschet, and Baerbock Debate on TV

  In Germany, the three candidates vying to succeed Chancellor Angela Merkel after the Sept 26 elections debated on TV…

China Delivery, Ride-hailing Firms to Take Care of WorkersEconomy

China Delivery, Ride-hailing Firms to Take Care of Workers

Government officials in China on Friday urged leading delivery and ride-hailing companies in the country to better protect their workers.…

Mexico and U.S. Agree to Work on Making Shared Supply ChainsEconomy

Mexico and U.S. Agree to Work on Making Shared Supply Chains

The United States and Mexico agreed to work on supply chains for semiconductors on Thursday.  After high-level economic talks in…