US GDP fell 3.5% in 2020, the worst figure since WW IIEconomy

US GDP fell 3.5% in 2020, the worst figure since WW II

The United States Office of Economic Analysis reported Thursday that the United States economy fell 3.5% during 2020. It was…

Chicago Fed’s Evans Sees Price Spikes Ahead; Policy SteadyEconomy

Chicago Fed’s Evans Sees Price Spikes Ahead; Policy Steady

In other economic news, Chicago Federal Reserve Bank President Charles L. Evans on Wednesday forecasted a rapid economic rebound this…

Trade to be Part of Biden’s China StrategyEconomy

Trade to be Part of Biden’s China Strategy

Part of United States President Joe Biden’s overall negotiation policy with China will be trade. It won’t be the driving…

EU Governments Work Hard on Recovery PlanEconomy

EU Governments Work Hard on Recovery Plan

Governments in Europe are working hard on the Recovery Plan and any difficulties will be seen at the end. This…

UK Freight Forwarders Struggle to Trade over Brexit Red TapeEconomy

UK Freight Forwarders Struggle to Trade over Brexit Red Tape

British logistics expert Jon Swallow has seen exports dive and prices rise in just one month of post-Brexit trading. Customers…

Biden Calls Republican Senators Over Stimulus RoadblocksEconomy

Biden Calls Republican Senators Over Stimulus Roadblocks

President Joe Biden is personally reaching out to Republican lawmakers for his $1.9 trillion stimulus plan. This was amid a…

Oil Steady, GDP & Jobless Claims, Earnings, Health InsuranceEconomy

Oil Steady, GDP & Jobless Claims, Earnings, Health Insurance

Oil remained steady despite pressure on risk assets. The stock market’s selling pressure had only a limited effect on crude…

South Korea, Aims to Live With Low Birth RateEconomy

South Korea, Aims to Live With Low Birth Rate

South Korea’s government which previously had years of failed efforts to boost the birth rate, will now do the opposite. …

Japan’s Lower House to Pass Extra Budget for TravelEconomy

Japan’s Lower House to Pass Extra Budget for Travel

The Japanese powerful lower house of parliament is to pass this year’s third extra budget on Tuesday despite criticism. People…

Biden Administration Fights for $1.9 Trillion Relief PlanEconomy

Biden Administration Fights for $1.9 Trillion Relief Plan

President Joe Biden’s administration officials tried to head off Republican issues about his Covid-19 relief proposal.  On a Sunday call…