Are we in a recession? Is one coming? That’s what the economists say.

Here’s the good news about the American economy right now: Despite the flurry of high-profile layoff announcements, most workers are still working. Last week, the Bureau of Labor Statistics reported that the number of people filing for unemployment benefits fell to a nine-month low of 186,000. The unemployment rate remains at 3.5%, the lowest in … Read more

Economists, experts and market participants await the Core PCE report on Friday

Financial markets are currently factoring or entering into the upcoming release of the Core Personal Consumption Expenditure (PCE) report. On Friday, the Bureau of Economic Analysis (BEA) will release the latest inflation information for December. Current estimates see core inflation continuing to decline from 4.7% in November to 4.4% (y-o-y) last month. This is welcome … Read more

The eurozone is poised to avoid a recession this year as economists grow gloomier

The Eurozone will avoid a recession this year according to a widely watched survey of economists which shows the sharp shift in global economic sentiment in the past two weeks. As recently as last month, analysts polled by Consensus Economics predicted that the bloc would plunge into recession this year. But this month’s poll found … Read more

Mortgage rates approaching 6% are unleashing a horde of homebuyers, and even lower rates could be in the way – but economists warn consumers remain ‘indomitable’

Mortgage rates approaching 6% are unleashing a horde of homebuyers, and even lower rates could be in the way – but economists warn consumers remain ‘indomitable’ A wave of homebuyers refused to let a good opportunity pass them by, pulling the trigger this week as mortgage rates fell closer and closer to the 6% mark. … Read more

A global recession is likely, 63% of senior economists in a WEF poll say

UAE Minister of Economy His Excellency Abdullah bin Touq Al Marri said that leaders at the World Economic Forum in Davos focused on solutions to “take more blows” such as the pandemic, inflation and a possible recession. Several leading economists have made grim predictions about whether the global economy will fall into recession in 2023, … Read more

As China reopens and data surprises, economists are getting less gloomy

The European Central Bank is expected to continue aggressively raising interest rates in the short term as the Eurozone economy proves to be more resilient than expected. Haussmann’s photo | moment | Getty Images After reopening China and an avalanche of positive data surprises in recent weeks, economists are upgrading their previously bleak forecasts for … Read more