Economic News Category

Former S&P Ratings Chairman Says U.S. Weaker Now Than 2011 Downgrade The U.S. currently finds itself in a weaker state compared to the time of S&P’s 2011 downgrade of its sovereign credit rating, as per the former chairman of the agency’s sovereign rating committee. With the looming Oct. 1 deadline, the world’s largest economy faces

China’s Growth Target Uncertain as Economists Lower Forecasts China’s economic growth target of approximately 5% for this year is teetering on the edge, as indicated by the latest Bloomberg survey. The ongoing property crisis adds a layer of risk to achieving this target. According to a recent Bloomberg survey of 78 economists, the Chinese economy

Government Shutdown May Halt Release of Key Economic Data The impending government shutdown, driven by funding issues, could lead to the indefinite suspension of crucial U.S. economic data publications. These reports, which hold immense significance for policymakers and investors, encompass key information such as employment and inflation figures. This disruption would encompass various government agencies,

EU Takes Strong Stance Against China, Commits to Protecting Its Interests Assertively The European Union’s top trade negotiator delivered a firm message to China on Monday, stating that the EU will take a more forceful approach in upholding fair competition and defending its own interests. In a keynote address at Tsinghua University, Valdis Dombrovskis, an

Pound Sterling Forecasts Further Decline Amid Recession Risks Investors are currently bracing themselves for a prolonged downward trend in the value of the Pound Sterling (GBP), as the Bank of England (BoE) appears to be firmly aligned with the Federal Reserve’s existing policy stance. As a result, the GBP/USD pair is expected to test its