US Economy on brink of recession, warns Moody’s Chief Economist
WASHINGTON : The state-level data in the US shows that the country is “on the edge of recession”, said Mark Zandi, chief economist at credit rating agency Moody’s.
New S&P Global Report: Liner Shipping supports $1.1 Trillion in U.S. GDP and 6.4 Million Americ
WASINGTON D.C. : New analysis from S&P Global, released Monday by the World Shipping Council, highlights the critical role of the liner shipping industry in the U.S. economy.
US trade deficit jumps in May to highest level since 2022, Gap widens 0.8%
WASHINGTON D.C. : The U.S. International Trade deficit widened 0.8% in May to $75.1 billion, the Commerce Department said Wednesday. It is the largest deficit since October 2022.
US Economy faces recession risk in coming years, expert warns
WASHINGTON D.C. : The Great Recession of 2008-2009 left its scars unhealed, and the Covid-19 economic downturn dealt the US one more blow. Concerns regarding the instability of
U.S. trade gap widens to largest in 18 months
WASHINGTON : The U.S. trade deficit expanded slightly less than analysts expected in April, to the widest since late 2022, as imports rose more quickly than exports, according
BRICS : Major crash for US Economy has begun : Experts
SHANGHAI : With the BRICS Alliance further pursuing its de-dollarization efforts, a major crash for the US economy has begun, according to one expert. Indeed, Robert Kiyosaki, the
US now has an 85% chance of recession in 2024, the highest probability since the Great Financial Cri
NEW YORK : A recession is likely to hit the US Economy in 2024, a new economic model highlighted by the economist David Rosenberg suggests. The economic indicator,
US becomes world’s biggest economy in 2023, beats China
WASHINGTON : The United States has overtaken China to become the world’s largest economy in 2023, with a 6.3 per cent rise in gross domestic product (GDP) compared