Economic Forecast - page 3

News

Experts Cut China’s 2024 Growth Forecast

Experts from world-renowned financial institutions began to reconsider their vision of the prospects of the dynamic of the economic system of China in the current year, and for Beijing, these new expectations are clearly not favorable and do not belong to the category of a positive assessment of the possibilities of the foreseeable future.

News

Economists Improve Singapore 2024 Growth Forecast

Experts have revised their forecasts for the growth of Singapore’s economy in the current year to improve.

Finance & Economics

Goldman Sachs Cuts US Recession Risk

Goldman Sachs Group Inc. experts have revised their forecast regarding the risk of recession in the United States economic system, reducing the probability of the realization of the corresponding scenario next year from 25% to 20%.

Finance & Economics

Economists Forecast UK Inflation to Rise

Experts interviewed by the media predict that statistical data will be released this week, indicating an acceleration in the growth of inflation in the United Kingdom.

Blockchain & Crypto

Crypto Prediction Market 101

People enjoy testing their analytical and visionary skills in betting and making predictions. Crypto prediction market platforms enable customers to not only check their intuition but also make some money out of it. However, many crypto enthusiasts have no idea that such opportunities even exist. Let’s fill in these awareness gaps.

News

German Investor Confidence Worsens

A deterioration in investor confidence in the prospects of the German economic system was recorded.

Finance & Economics

Goldman Sachs Asset Managers Expects Slowdown in US Economy Growth

Goldman Sachs Asset Management (GSAM) executives expect the United States economic system to show slower growth rates in the second half of the current year.

News

IMF Says About US Big Deficit

The International Monetary Fund (IMF) said last Thursday, June 27, that the United States currently has too big a fiscal deficit, and this country is burdened with too much debt.

News

IMF Lifts China Growth Forecast

The International Monetary Fund (IMF) expects China’s economic system to show growth of 5% in the current year.

Science & Technology

Foxconn Posts Record April Sales

The Taiwanese company Foxconn, which is the world’s largest electronics manufacturer and assembler of Apple’s iPhone smartphones, on Sunday, May 5, released information about its record sales results for April of the current year and confirmed expectations for revenue growth for the second quarter of 2024.

News

SMB Survey Indicates Financial Resilience

An optimistic indicator amidst inflation and economic volatility is that small business (SMB) owners are confident about their businesses’ resilience, even as economic challenges remain pressing.

Finance & Economics

OECD Says World Economy Looks to Dodge Stagflation Rut

The Organisation for Economic Co-operation and Development (OECD) stated that the outlook of the global economic system is improving.

Fintech & Ecommerce

Banking-as-a-Service Platform Revenue to Reach $94 Billion Globally by 2028

A new study from Juniper Research forecasts that global BaaS (Banking-as-a-Service) platform revenue will grow by 158% by 2028.

News

Economists Boost US GDP Outlook

Economists have raised their outlooks on the growth of the gross domestic product (GDP) of the United States.

Finance & Economics

IMF Raises Growth Forecast for US Economy

The International Monetary Fund (IMF) suggests that the impressive performance of the United States’ economic system will be a major factor in global growth in 2024, but may complicate solving the problem of inflation in the US.

News

China Reports Inflation Data

In China, the level of consumer prices in March remained virtually unchanged compared to a year ago figure, while the cost of manufactured goods in this Asian country continues to be on a downward trajectory, which is evidence of the existence of deflationary pressures threatening the prospects of the local economic system.