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2 mins read

US 4th-quarter economic growth will be cut in half if Congress fails to pass more stimulus, Goldman Sachs says

The lack of new fiscal support will push disposable income to pre-pandemic levels and lower consume…

Ben Winck   


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4 mins read

Wall Street economists are getting fed up with the government’s inability to agree upon more stimulus

Morgan Stanley, Bank of America, Goldman Sachs, and JPMorgan have all lowered their fourth-quarter …

Ben Winck   


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1 min read

Simplifying economy: GDP to PPP — essential terms you need to know

Simplifying economy: GDP to PPP — essential terms you need to know

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2 mins read

India’s biggest tax reform hits ₹1 trillion in October, expects collections to rise with the festive season rolling in

While the success of the tax is often debated, October’s collections are a 6.6% higher tha…

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2 mins read

Germany's economy posts its largest decline since 1970 with GDP shrinking 10% in Q2

Germany's record decline reflected the impact of an economic plunge across areas including trade, c…

Shalini Nagarajan   


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3 mins read

China economy grows faster than expected in first quarter on strong industrial production

However, it falls within the government’s growth target range of between 6.0 and 6.5 per cent …

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3 mins read

China cuts tax on personal items bought overseas in move to boost consumption

China cuts tax on personal items bought overseas in move to boost consumption

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2 mins read

India's GDP growth neither over- nor underestimated, says Eco Survey

The Economic Survey tabled in Parliament on Friday said the level and growth of a country's G…

PTI   


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2 mins read

India’s large and young labour force could become a huge disadvantage by 2030

A new report by the the research arm of the State Bank of India (SBI), India’s largest bank, has a…

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5 mins read

What is real GDP? Understanding the tool economists and governments use to manage the economy

Real GDP (gross domestic product) is a measure of all the goods and services a nation produces, adj…

Ali Hussain   


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2 mins read

US annualized gross domestic product to decline by 10-40% in 2nd quarter, SocGen says

The financial services firm opined that a shutdown affects all portions of the US economy but to di…

Shalini Nagarajan   


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2 mins read

The UK economy shrank more than it has done in over 40 years at the start of 2020 — and it could get 15 times worse

Households curtailed their spending while other sectors like services, production, and construction…

Shalini Nagarajan   


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2 mins read

US GDP slumped 4.8% in the first quarter, ending the longest economic expansion on record

The sharp contraction in gross domestic product reflects the swift impact of the coronavirus pandem…

Carmen Reinicke