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Economy News

U.S. retail sales rebounded in September

According to Commerce Department figures released Friday, retail sales in the United States rose in September due to price increases. A new report from the U.S. Department of Commerce shows that the U.S. retail sales market rebounded in September after falling 3.3 percent in the previous month, according to a report released Friday. According to […]
Economy News

Germany growth is being hampered by shortages

Growth forecasts predict material shortages will significantly dampen Germany economic recovery, which is heavily reliant on its export industry. Leading economic institutes (DIW, IFO, IFW, IWH and RWI) now forecast an increase of 2.4% in GDP in 2021. Latest estimate was for growth of 3.7% this year, after a historic decline of 4.9% in 2020. […]
Economy News

IMF lowers global economic growth forecast

In its forecast for global economic growth this year, the International Monetary Fund (IMF) slightly decreased its outlook. The IMF forecasts a global economic growth rate of 5.9 percent for this year. It was part of its World Economic Outlook report posted on the institution website on Wednesday. That’s 0.1 percentage points lower than the […]
Economy News Shares

Stock market ends the quarter on a down note

Stock market ended the quarter on a tumultuous note, making September the worst month since March 2020. Stock prices retreated from record highs. Large, fast-growing companies had their worst month since the pandemic-triggered March 2020 drop. Treasury yields are at their highest level since June. After a choppy session, all three major U.S. indexes ended […]