Facebook, Instagram Posts Flagged as False for Rejecting Biden's Recession Wordplay "The fact-checking industry has become a partisan arbiter of political disputes," notes Phil Magness. Reason · Jul 29, 2022
5 Stocks With the Most Long-Term Growth Potential While high inflation and GDP decline for two consecutive quarters are raising recession fears, better-than-expected corporate profits and the possibility of a less aggressive rate hike have been restoring investor confidence. Regardless of the uncertainties surrounding the economy and the market, investing in Abbott Laboratories (ABT), Coca-Cola Consolidated (COKE), DLH… StockNews.com · Jul 29, 2022
Top economic takeaways as US wrangles with recession fears Back-to-back GDP slowdown, Fed raises rates, higher prices and other economic highlights from a busy week. Al Jazeera · Jul 29, 2022
3 Mighty Mid-Cap Stocks to Buy for the Rest of 2022 Despite another decline in GDP, the major indices are expected to post their best month since November 2020. And irrespective of the market volatility, mid-cap stocks are raking in significant gains. Thus, we think it could be wise to scoop up shares of mighty mid-cap stocks Acuity Brands (AYI), Boyd… StockNews.com · Jul 29, 2022
Why is it so hard to say if this is a recession? Economists were on high alert Thursday morning awaiting data from the U.S. Commerce Department that might shed light on whether the country is in a recession — a question with vast implications for consumers, employers and electoral politics. Los Angeles Times · Jul 29, 2022
Buy These 3 Monster Growth Stocks Before It’s Too Late Amid sky-high inflation and consecutive rate hikes, U.S. GDP witnessed another consecutive decline in the second quarter. However, investors seem to have shaken off recession fears causing U.S. equities to rally. Thus, we think quality growth stocks, Core Molding (CMT), Civeo (CVEO), and Genuine Parts (GPC), could be worth buying… StockNews.com · Jul 29, 2022
Asian shares mixed on US rally, China economic growth woes Asian shares are mixed as Chinese shares sank after leaders acknowledged the official 5.5% growth target for this year won’t be met The Independent UK · Jul 29, 2022
ExxonMobil and Chevron shatter profit records; eurozone inflation hits record 8.9% – business live US oil companies post huge earnings, as sky-high fuel costs hit consumers and drive up inflation The Guardian - UK · Jul 29, 2022
JP Morgan retains growth forecast at 3% JP Morgan has maintained its Thai GDP growth forecast at 3% this year, driven by consumption and tourism. Bangkok Post · Jul 28, 2022
When does a recession begin – and is the US in one now? Question weighs on consumers, politicians and investors around the world as the Federal Reserve raises interest rates The Guardian - US · Jul 28, 2022
US economy shrinks in second quarter, signaling unofficial start of recession The bad news will be a major blow for the Biden administration as it prepares for a tough midterm election season The Guardian - US · Jul 28, 2022
U.S. economy just had a 2nd quarter of negative growth. Is it in a recession? GDP shrank for a 2nd quarter in a row. While two consecutive quarters of negative growth is often considered a recession, it's not an official definition. Parts of the economy are clearly struggling. WEKU · Jul 28, 2022
US economy likely grew modestly, if at all, last quarter After going backward from January through March, the U.S. economy probably didn’t do much better in the spring The Independent UK · Jul 28, 2022
Report: Federal debt lower in 2022; still poised to climb The Congressional Budget Office says the end of pandemic-era spending, fast economic growth and higher tax revenues have caused the federal debt this year to be lower than forecast The Independent UK · Jul 27, 2022
Tribune News Service · Jul 27, 2022 US economy seen narrowly averting back-to-back contractions The U.S. economy may have eked out modest growth in the second quarter, skirting back-to-back quarterly contractions, but rising at a tepid enough pace to feed concerns of an eventual downturn.
The Conversation · Jul 27, 2022 How costly political realities undercut Ghana's electricity reforms Ghana reformed its electricity sector by the book but has lurched from blackouts between 2012 and 2015 to a glut of energy which costs government about 5% of GDP. Fitch ranks the energy sector as the biggest driver of national debt. How did this happen? It’s a classic case of…
Asharq Al-Awsat · Jul 27, 2022 IMF Raises Saudi Economic Growth Forecasts The International Monetary Fund (IMF) has raised its 2023 growth forecasts for Saudi Arabia’s economy by 0.1% from April to 3.7%. It maintained its projections for the Kingdom’s economic growth during 2022 at 7.6% compared to 4.4% in January. This was revealed Tuesday in its World Economic Outlook report for…
The Hindu · Jul 26, 2022 Whose GDP is it anyway? It is time for political leaders to clamour for an overhaul of India’s economic performance measurement framework
The Independent UK · Jul 26, 2022 EXPLAINER: How do we know when a recession has begun? By one common definition, the U.S. economy is on the cusp of a recession
Asharq Al-Awsat · Jul 26, 2022 IMF Cuts Global Growth Outlook, Warns High Inflation Threatens Recession The International Monetary Fund cut global growth forecasts again on Tuesday, warning that downside risks from high inflation and the Ukraine war were materializing and could push the world economy to the brink of recession if left unchecked. Global real GDP growth will slow to 3.2% in 2022 from a…
Axios · Jul 26, 2022 Five key things to know about the "is this a recession" controversy It's hard to recall a White House deploying as much effort to pre-spin economic data.
Reuters · Jul 26, 2022 Spain raises inflation forecast for 2022, lowers GDP growth target for 2023 Spain raised its inflation forecasts for 2022 and 2023 and lowered its economic growth target for 2023, Economy Minister Nadia Calvino said on Tuesday, citing the war in Ukraine for its continued negative impact on European economies.
The Independent UK · Jul 26, 2022 Biden fights talk of recession as key economic report looms President Joe Biden wants to convince a skeptical public that the U.S. is not, in fact, heading into a recession
Axios · Jul 26, 2022 Biden's juggling act: Recession optimism could backfire "I don't think, God willing, we're going to see a recession," Biden said Monday. "I'll be surprised."
The New Daily · Jul 25, 2022 Tech company earnings, US GDP and Australian inflation to dominate markets this week US mega tech companies Microsoft, Google, Meta, Apple and Amazon all report earnings this week. It's one of five big stories influencing global markets.