global economy

The global economy could suffer a staggering $4 trillion hit in the first year alone if war breaks out between North and South Korea, Bloomberg analysts warned. The chances of such a conflict, while slim, have increased following Russian President Vladimir Putin‘s recent visit to North Korea...

In a recent survey, central bank reserve managers have identified geopolitical conflicts as the main threat to the global economy, despite an overall positive economic outlook. What Happened: The UBS Asset Management survey, which included 40 top central banks managing over $15 trillion, found that...

The World Bank has issued a grim forecast for the global economy, with a slow growth projection for the next half-decade, the lowest in 30 years. What Happened: The World Bank released its latest “Global Economic Prospects” report, revealing a forecast of a third consecutive year of...

The global economy, as depicted in the June 2023's OECD Economic Outlook, is exhibiting signs of improvement — albeit with a fragile upturn and substantial downside risks. There have been positive adjustments in global GDP growth, which is now expected to reach 2.7% in 2023 and...

The New York Federal Reserve published results from a joint study conducted with the Monetary Authority of Singapore (MAS). Cross-border and cross-currency payments can effectively utilize Central Bank Digital Currency (CBDC) systems operating on diverse networks, the study shows. The research...

On Monday, The S&P Global U.S. Manufacturing PMI (purchasing managers index) for July was at its lowest in the past two years as output and new orders decreased. “The rising cost of living is the most commonly cited cause of lower sales, as well as the worsening economic outlook,"...

New details on The Mirror Line, a massive construction project in Saudi Arabia, have emerged. Saudi Crown Prince Mohammed bin Salman, who is also chairman of the NEOM Board of Directors,  unveiled the designs Monday, July 25, touting it as a "civilizational revolution that puts humans...

This article was originally published on June 28, 2021 2:34 pm. It was one of the most read articles on Benzinga.com this year. What Happened: Robert Kiyosaki, best-selling author of "Rich Dad Poor Dad," cautioned his followers to prepare for “the biggest crash in world history....

Greece is headed to set the largest stock market growth in the world for the financial year 2019, Bloomberg reported on Wednesday. Largest Growth In Decades The country, which is still reeling from the debt crisis spurred by the financial crisis of 2007-2008, has seen its Athens Stock...

Benzinga examined prospects for many investor favorite stocks over the past week. Bullish calls included a big food company the sell-side is hungry for, and a popular shoe maker in fashion with analysts. Bearish calls included the most-talked about electric car maker and a big cruise company that...

As part of FreightWaves' overall coverage of freight markets, it publishes a summary of the changes in the economy over the past month, both in terms of the data releases and developments in public policy. The Economic Roundup is designed to synthesize the events of the past month as they...

Fed Funds rate expected to rise 0.25% to 2.5% upper target. Futures implied rate increase probability of 70.6%. The focus will be on the economic and policy projections which are expected to moderate and Chairman Powell's press conference. FOMC The Federal Open Market Committee (FOMC) is...

The United Kingdom held a vote last week to decide the fate of the country's membership within the greater European Union. The question that still baffles many experts is what this has to do with the United States and why the economy is so sensitive to events across the pond. Even though the U.S....

Shares of Cummins Inc. (NYSE: CMI) have lost nearly 25 percent year-to-date. Lawrence De Maria of William Blair downgraded Cummins to Market Perform from Outperform with a price target slashed to $110 from a previous $150. De Maria noted a major positive announcement at its analyst meeting is "...