German economic data was in the spotlight earlier today with Q2 GDP advancing by 0.1%, narrowly avoiding stagnation, and coming in just barely above estimates of 0%. The economy had ticked higher by 0...
Tag: GDP
Is It True That Cash Is King During A Recession?
Getty Images Key takeaways According to GDP growth metrics, the U.S. is in a recession, but economic indicators suggest we’re not “technically” there Recessions often come with higher unemployment, le...
GDP decline is less severe than expected and Putin criticizes the US
The Ministry of Economic Development of the Russian Federation has said that the decline in GDP in Russia will be less severe than expected, and inflation will also be lower, compared to estimates for...
Russia’s GDP Decline Less Severe Than Expected, Wall Street Returns to Russian Bonds, Putin Criticizes US ‘Hegemony’ – Coinotizia
While the ongoing war in Ukraine continues, the Ministry of Economic Development of the Russian Federation detailed this week that Russia’s economic hardships are less severe than expected. Russia’s e...
Russia’s GDP Decline Less Severe Than Expected, Wall Street Returns to Russian Bonds, Putin Criticizes US ‘Hegemony’ – Economics Bitcoin News
While the ongoing war in Ukraine continues, the Ministry of Economic Development of the Russian Federation detailed this week that Russia’s economic hardships are less severe than expected. Russia’s e...
How To Get Started Investing With Your Stimulus Check
Getty Images Key takeaways More than 15 states are issuing new stimulus checks and/or tax rebates to help offset soaring inflation Meanwhile, unemployment rates returned to pre-pandemic lows in July D...
Crypto Market Rally Continues As US GDP Falls for Second Successive Quarter ⋆ ZyCrypto
Advertisement     The US Bureau of Economic Analysis (BEA) released its advance estimate of the US Gross Domestic Product (GDP) for Q2 2022. As per the BEA news releas...
China tourist destination set a GDP target, but Covid locked it down
Sanya, on the southern coast of Hainan, was the top destination for couples flying from three of China’s largest cities last week for China’s version of Valentine’s Day, according to...
Statistics Are Mixed But On Balance Say The Economy Is Weak
Ambiguous economic chart. (Photo by Daniel ROLAND / AFP) (Photo by DANIEL ROLAND/AFP via Getty … [+] Images) AFP via Getty Images If you listen to the White House, you hear that the economy is s...
Saudi Arabia To Join The Ranks Of Trillion-Dollar Economies, Buoyed By Oil Surge
View of the Saudi capital Riyadh, on 12 December 2018 (Photo: Simon Kremer/picture alliance via … [+] Getty Images) picture alliance via Getty Images Saudi Arabia is set to join the ranks of the...
Following Fed’s Recent Hike And Negative GDP Report, Mortgage Rate Drops Significantly
Mortgage rates took a downturn following the Federal Reserve increased its benchmark rate. On Thursday, the popular rate on 30-year fixed mortgages came down to 5.22% from 5.54% on Wednesday. The rate...
Are We In Recession Yet?
Federal Reserve Board Chairman Jerome Powell. (Photo by Alex Wong/Getty Images) Getty Images Spring seems to have brought a second quarterly decline in real gross domestic product (GDP). Since this ma...
Congress Needs To Reverse Course To Improve The Economy
Businessman struggling to move data arrow upwards getty Recession talk has dominated the news lately with an endless supply of pundits debating whether the United Sates is in a recession. It’s good to...
Crypto prices continue to tick upward as recession fears grow: the week in markets
Crypto prices continued to rally over the past week while the global macroeconomic environment was worsening. At the time of writing, bitcoin was trading at $23,739, down 3.1% over the past 24 hours, ...
Gold likely to rally after Fed hints at “slow down” amid GDP contraction
Gold prices were bolstered with the publication of preliminary data showing the contraction in US GDP in Q2, driving the yellow metal to close above the $1750 mark for the first time since July 5th, 2...
The bitcoin market is awaiting the release of US GDP data after the biggest single-day gain in six weeks
Bitcoin and others can rally if GDP surprisingly contracts for H2 confirming a technical downtrend. US GDP is assumed to show a hike of 0.5 percent annualized rate. Bitcoin is waiting for official U.S...
Mortgage rates fall sharply after negative GDP report and Fed’s latest hike
Just one day after the Federal Reserve raised its benchmark rate, mortgage rates took a sharp turn lower. The average rate on the popular 30-year fixed mortgage fell to 5.22% on Thursday from 5.54% on...
Growth Stocks Clipped, China & US Contend With Slowing GDP Growth, Week In Review
China Last Night KraneShares Week in Review Asian equities had a mixed but mostly higher week as markets digested the Fed’s rate cut of 75 basis points, as expected, on Wednesday and a bailout fund fo...
US GDP Q2 2022 Declined By 0.9%: Recession Supports Crypto Prices
According to the Bureau of Economic Analysis released on Thursday, the U.S. Gross Domestic Product (GDP) declined by 0.9% in the second quarter. Consumer spending, the key factor that plays a signific...
The US economy declined by 0.9% during the second quarter
According to data released on Thursday, the US economy shrank by 0.9% during the second quarter of 2022. Following a decline of 1.6% in the first quarter the US economy shrunk by 0.9%, according to Th...
Eurozone Beats GDP Estimates But Its Largest Economy Germany Reports 0% Growth
Topline The eurozone’s second quarter GDP growth beat analyst estimates but Germany—the region’s largest economy—stagnated, highlighting uneven growth in the region which continues to face record infl...
U.S GDP Declines by 0.9% in Second Quarter 2022, Recession?
10 hours ago | 2 mins read Bitcoin News National Bureau for Economic Research (NBER) is scheduled to analyze the statistics. The Federal Reserve raised interest rates by 75 basis points on Wednesday. ...
The US GDP Stands At -0.9%, Recession! How Will Crypto Market React?
This week has been a crucial week for not just the crypto market, but also for the global economy. The week had lined up events such as the FOMC meeting, the Federal Reserve’s interest rate hikes alon...
US GDP Shrunk by 0.9% in Q2, Implications for the Crypto Industry
The United States of America (USA), highly regarded as the world’s largest economy, has seen its Gross Domestic Product (GDP) shrink by 0.9% in the second quarter of the year. While the reporting agen...
U.S. Likely In Recession, GDP Reveals Another Negative Growth
The GDP for the second financial quarter of the US was finally released to be -0.9%. The data shows a second consecutive quarter of negative growth. According to many experts, this meets the general d...
Bitcoin Pushes Higher Despite Negative GDP Report
Bitcoin continued to move higher on Thursday, pushing past $23,000, despite a GDP report that showed second-quarter decline rather than growth. The negative 0.9% reading follows last quarter’s 1.6% de...
BTC Reclaims 24k, ETH $1700 Following Second Consecutive GDP Decline
Bitcoin and Ethereum are pumping after the U.S. Bureau of Economic Analysis released its official GDP data for Q2 2022. The data shows that real GDP decreased by 0.9% year over year, marking the natio...
President Biden says US is ‘on the right track’ despite the latest GDP decline — here are 3 big reasons why a 2022 recession would be like no other
President Biden says US is ‘on the right track’ despite the latest GDP decline — here are 3 big reasons why a 2022 recession would be like no other No two recessions are alike. But the pot...
The Stock Market Is Embracing Inflation Now
Measuring price gains, inflationary or not getty Inflation is not a one-way street to recession. So long as consumers, organizations and governments are receiving income, rising prices are a backdrop ...
Inventory swings dampen Q2 GDP while markets sweat additional tightening
Fears of a US recession were at the forefront this morning with the release of the US GDP data, showing a second consecutive quarterly contraction. This comes amid one of the fastest policy normalizat...