What triggers an economic recession?

Trump: We have ‘best economy we’ve ever had’ President Trump says he doesn’t see how the Republican Party will lose in November in the middle of such a strong economy but later added ‘it’s politics.’ Despite simmering fears about an impending recession this summer, the U.S. economic expansion, the longest on record, is chugging along toward its twelfth year. Continue […]

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Here are vulnerable parts of the U.S. economy that coronavirus may infect

Festering worries about the spread of COVID-19 is a potential peril for the U.S. economy, but ailing manufacturers and tepid investment are already muzzling growth. Wall Street has been hoping for fresh signs of a rebound in business spending, but the first batch of reports for February is unlikely to deliver any grounds for optimism. To be sure, the recently […]

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China sees big drop in new virus cases; France reports death

China reported 143 virus deaths and a dip in new cases Saturday while the government announced new anti-disease measures as businesses reopen following sweeping controls that idled much of the economy. Also Saturday, France reported Europe’s first death from the new virus, a Chinese tourist from Hubei province, where the disease emerged in December. Meanwhile, the United States was preparing […]

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No easy solution to our love affair with debt

The average outstanding home loan across all Sydney mortgage holders, excluding investors, now stands at $365,873, the Sun-Herald has revealed today – and that will seem conservative to many. That’s a lot of money for a family to repay, on top of the childcare costs and potential private school fees. So why are we burdening ourselves with so much debt? Perhaps […]

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Credit growth momentum picking up; no possible spike in inflation, says Shaktikanta Das

The meeting, which was also addressed by Finance Minister Nirmala Sitharaman, discussed various Budget proposals. Amid concerns over economic slowdown, RBI chief Shaktikanta Das on Saturday said credit growth momentum is picking up and ruled out any possible spike in inflation due to Budget proposals as the government is maintaining “fiscal prudence”. After the first meeting of the RBI board […]

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