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2 mins read

IMF downgrades 2023 global growth forecast to 2.7%

The International Monetary Fund (IMF) has projected the global economy to grow by 3.2 per cent in 2…

Business Insider Latest Story Image
4 mins read

The 1990 recession is a cautionary tale for today's economy

The 1990 recession was sparked by high oil prices, Fed tightening, and economic pessimism, not a bu…

Ben Winck   


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2 mins read

Carla Mozée   


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2 mins read

The economy is still on track to finish its jobs recovery this summer

The US economy has recouped more than 96% of the jobs it lost at the start of the pandemic. The rem…

Ben Winck   


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2 mins read

Russia's war in Ukraine is the biggest culprit pulling the global economy into a downturn, IMF chief says

The fallout from the Ukraine conflict has been "the single most important negative factor" for the …

George Glover   


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3 mins read

Russia's isolation from global markets is withering its economy and will wreck its status as an energy superpower, experts say

"What they propose to do is a recipe for long-term stagnation," an economist said. Russia's trade w…

Jennifer Sor   


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3 mins read

Cardi B asked when the US is going to be in a recession. Here's why one probably isn't coming this year.

The US probably isn't in a downturn yet, as data shows the recovery still running strong. But many …

Ben Winck,Madison Hoff   


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3 mins read

The US economy just shrank. Here's why you shouldn't be worried.

Yes, the first-quarter GDP report showed the economy backsliding. But a closer look at the details …

Ben Winck   


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2 mins read

Business owners say inflation is pulling the US recovery back into a rut after a post-Omicron surge

S&P Global's index of US business output fell in April, missing forecasts and signaling the weakest…

Ben Winck   


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2 mins read

Morgan Stanley's Mike Wilson says the Fed is likely to knock the economy and warns that stocks look overvalued

Morgan Stanley's chief US equity strategist recommended investors stick with defensive companies "b…

Harry Robertson   


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2 mins read

Global shares take a breather ahead of US jobs data in record-breaking week; oil rises after OPEC+ agrees slow supply rise

With the all-important monthly US jobs report due, stocks were trading steadily near record highs, …

Amanda Cooper   


Business Insider Latest Story Image
3 mins read

Russia's isolation from global markets is withering its economy and will wreck its status as an energy superpower, experts say

"What they propose to do is a recipe for long-term stagnation," an economist said. Russia's trade w…

Jennifer Sor   


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2 mins read

Americans making over $100,000 are the most bummed out about the economy

The University of Michigan's sentiment index tanked to 61.7, marking the lowest print since October…

Ben Winck   


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2 mins read

The private sector lost jobs in January for the first time in 13 months as Omicron peaked

Private-sector firms lost 301,000 jobs in January, according to ADP. That badly missed the median f…

Ben Winck   


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3 mins read

US wages rose less than expected in the fourth quarter as the labor shortage charged into 2022

The Employment Cost Index rose 1% through the last three months of 2021, missing the median forecas…

Ben Winck   


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3 mins read

US stock futures trade nervously ahead of the key December jobs report, following a more hawkish-sounding Fed

The Nasdaq 100 has already lost 3.4% this week, setting it on course for its worst first week of th…

Amanda Cooper   


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3 mins read

The government's response to making homeownership more attainable is buying $1 million mortgages

Fannie Mae and Freddie Mac are required by law to pay $1 million per home in some areas. Like every…

Ben Winck   


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1 min read

One of the weakest parts of the US economy crushed the January jobs report

In fact, this month's numbers are a continuation of a steady upward trend. Or as Ian Shepherdson, c…

Bob Bryan   


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2 mins read

3 reasons the 'Great Resignation' is a good thing, according to the Federal Reserve Chair

Jerome Powell says the labor market's healthy, and a "different world" than before the pandemic, wh…

Ben Winck   


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1 min read

The US private sector grew at 2nd-weakest pace since 2010 in November

"One bad month is not a trend, but the forward-looking surveys signal no relief over the next coupl…

Gina Heeb