Las Vegas: ‘The US economy is in very good shape. However, China’s financial recession may threaten the US economy. The downturn in China’s economy will majorly impact neighbouring Asian countries. Besides, the US can’t avoid this crisis either,’ US Treasury Secretary Janet Yellen warned. Just a few days ago, US President Joe Biden claimed that […]
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Washington: Economist Nouriel Roubini has concluded that the US economy will soon collapse due to inflation flareup, rising unemployment and reduced production. He further warned that interest rate hikes by the Federal Reserve to curb inflation would increase the debt burden and hamper economic growth. Roubini had earlier predicted an economic recession in 2008-09. Therefore, […]
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Brussels/Washington: The US economy slide in the second successive quarter was announced on Thursday. It was notified within 24 hours that inflation had flared up even in the Eurozone. Germany, the leading European economy, has reported a zero economic growth rate for the second quarter. These successive statistics indicate that recession is looming over the […]
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Washington: Rising inflation, reduction in government expenses and the increasing trade deficit has triggered a decline of one and a half per cent in the US economy. By the end of 2021, a growth of 6.9% was recorded in the US economy. Against this background, this decline comes as a shock. A few days ago, […]
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Washington: The rising inflation and declining government expenditure in the wake of the Russia-Ukraine conflict have led to an unexpected slowdown in the US economy. In the first quarter of 2022, US GDP fell by 1.4 per cent. Also, the economy grew by 6.9 per cent in the last quarter of 2021. Against this backdrop, […]
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Washington: Following the increase in interest rates, the US Federal Reserve is planning another increase in the interest rate in the current year. Jerome Powell, Chief of Federal Reserve, warned that the new rise in the interest rate could deliver jolts to the US economy. Powell warned not to be under the impression that the […]
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Washington: – Inflation has flared up in the United States and analysts have warned that this could hit the country’s economy. The PCE and CPI indices, considered the crucial elements in the US economy, have reached record levels in the last 40 years. The possibility of this inflation reduction has been ruled out given the […]
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Beijing: A Chinese economist and analyst, has made a dramatic statement saying that it was possible to sever the economic and trade ties, between the two leading economies of the world, the United States and China. The Chinese economist has drawn the world’s attention with the statement, just as the trade war US President Donald […]
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‘The US economy will reach a critical situation in the next 2 years when it may have to tackle the US dollar crisis rather than the debt. It would be a political as well as a social crisis,’ was the serious warning issued by the US billionaire investor Ray Dalio. Dalio also warned that the […]
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Islamabad: The US State Department spokesperson Ned Price announced that the US is ready to help Pakistan to revive its economy. An additional $10 million has been allotted for flood-affected Pakistan. Hence Pakistan will be receiving $20 million in aid. The US would likely help Pakistan in getting a loan from International Monetary Fund (IMF), […]
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