by Andrew Moran | May 2, 2023 | Business News, Columns, Good Reads, Opinion
Is the US economy grinding to a halt? It was quite the week in data, adding to concerns that the United States might be entrenched in a stagflation environment – a climate of higher inflation and slow growth – or heading toward a recession. When tight credit...
by Andrew Moran | Apr 19, 2023 | Articles, Economic Affairs News, Good Reads, Opinion
The International Monetary Fund (IMF) and the World Bank hosted the 2023 Spring Meetings in Washington, DC. During the powwow in the nation’s capital, IMF economists presented three major reports that offered a summary of what to expect in the worldwide economy:...
by Andrew Moran | Feb 5, 2023 | Business News, Columns, Good Reads, Opinion
Recession? What recession? The US economy is showing signs of renewed life: the January jobs report was a monster mash, the fourth-quarter GDP growth rate topped expectations, the non-manufacturing purchasing managers’ index (PMI) readings are improving, and...
by Andrew Moran | Oct 30, 2022 | Articles, Economic Affairs News, Good Reads, Opinion
The US economy came out of a short recession in the third quarter, posting a gross domestic product (GDP) growth rate of 2.6%, topping the market estimate of 2.4%, according to the Bureau of Economic Analysis (BEA). This is up from -0.6% in the second quarter and...
by Andrew Moran | Jul 28, 2022 | Articles, Economic Affairs News, Good Reads, Opinion
It is official. The US GDP contracted in the second quarter, meaning that the economy is in a technical recession. Now that the advance estimate confirms a nation on the decline, it makes perfect sense why the White House was in full damage control ahead of the...