Tag: Economists
-
Job gains fall short: what economists say
[ad_1] Breadcrumb Trail Links NewsEconomy Latest report should leave central bank comfortable with recent decision to hold for second time Published Nov 03, 2023 • Last updated 1 day ago • 5 minute read Canada’s economy generated a net gain of 17,500 jobs, falling short of estimates of 25,000. Photo by Postmedia Article content October’s jobs…
-
What GDP is telling the Bank of Canada: economists
[ad_1] Breadcrumb Trail Links NewsEconomy Economy could already be in recession, putting an end to rate hikes Published Oct 31, 2023 • 4 minute read Canada’s economy could be in a technical recession. Photo by Postmedia Article content The Canadian economy could already be in a “modest” recession, one economist says, after Statistics Canada released…
-
The Bank of Canada interest rate decision and what economists say
[ad_1] Breadcrumb Trail Links NewsEconomy Bank holds at 5%, its second consecutive pause Published Oct 25, 2023 • Last updated 6 hours ago • 5 minute read Tiff Macklem is the governor of the Bank of Canada. Photo by Azin Ghaffari/Postmedia Article content The Bank of Canada held its benchmark interest rate at five per cent…
-
New Normal or No Normal? How Economists Got It Wrong for 3 Years.
[ad_1] Economists spent 2021 expecting inflation to prove “transitory.” They spent much of 2022 underestimating its staying power. And they spent early 2023 predicting that the Federal Reserve’s rate increases, meant to cure the inflation, would plunge the economy into a recession. None of those forecasts have panned out. Rapid inflation has now been a…
-
Canada GDP: What economists say
[ad_1] Breadcrumb Trail Links News Economy Weak readings could keep the Bank of Canada interest rate on hold Published Sep 29, 2023 • Last updated 2 days ago • 4 minute read The manufacturing sector declined 1.5 per cent, its second monthly contraction in row. Photo by James MacDonald/Bloomberg Article content Canada’s gross domestic product was…
-
Economists wonder what impact a government shutdown would have on the economy : NPR
[ad_1] Without a deal on Capitol Hill, current spending laws expire on Sept. 30. Ahead of a potential government shutdown, Wall Street is gaming out what it could mean for the U.S. economy. MICHEL MARTIN, HOST: Hopes for a deal to keep the government open are not high here in Washington. STEVE INSKEEP, HOST: Yeah.…
-
Interest rates now at their peak, say economists
[ad_1] Thanks for joining us on a huge day as the Bank of England prepares to announce its next decision on interest rates. This morning, the latest data from the Office for National Statistics showed that public sector borrowing increased in August compared to the same time a year earlier. The Treasury borrowed £11.6bn last…
-
Canada’s jobs numbers surprise economists: Here’s what they’re saying
[ad_1] Breadcrumb Trail Links News Economy Economy adds 39,900 positions, double expectations Published Sep 08, 2023 • Last updated 1 hour ago • 7 minute read A stronger labour market means stronger demand, which the Bank of Canada is trying to cool. Photo by OLIVIER DOULIERY/AFP via Getty Images Article content Canada’s jobs numbers for August…
-
Economists downgrade global prospects for 2024
[ad_1] Receive free Global Economy updates We’ll send you a myFT Daily Digest email rounding up the latest Global Economy news every morning. This article is an on-site version of our Disrupted Times newsletter. Sign up here to get the newsletter sent straight to your inbox three times a week Today’s top stories For up-to-the-minute…
-
UK inflation falls sharply but recession still looms, economists warn
[ad_1] Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Britain could lurch from high inflation into a recession next year with interest rates unlikely to fall until the second half of 2024, economists have warned. Cuts to energy prices led to…