Goldman says Israel-Hamas war could majorly impact Europe’s economy
Armoured vehicles of the Israel Defense Forces (IDF) are seen during their ground operations at a location given as Gaza, as the conflict between Israel and the Palestinian Islamist group Hamas continues, in this handout image released on November 1, 2023. Israel Defense Forces | Reuters The Israel-Hamas war could have a significant impact on […]
Bad news for the economy is good news for the stock market … as long as it doesn’t get too bad
Traders work on the floor of the New York Stock Exchange (NYSE) on November 02, 2023 in New York City. Spencer Platt | Getty Images Friday’s market reaction to the jobs report comes down to a simple premise: bad news is good news, as long as it isn’t too bad. Stocks rallied sharply after the […]
The Middle East’s economy is caught in the crossfire
Listen to this story.Enjoy more audio and podcasts on iOS or Android. Your browser does not support the <audio> element. A month ago, on the eve of Hamas’s attack on Israel, there were reasons to be hopeful about the Middle East. Gulf states were ploughing billions of dollars of oil profits into flashy investments, building […]
China’s economy is a mess. Why aren’t firms going under?
Listen to this story.Enjoy more audio and podcasts on iOS or Android. Your browser does not support the <audio> element. Evergrande is fighting for its life. On October 30th the property developer was granted its fifth, and probably final, stay of liquidation by a court in Hong Kong. Yet the situation on the mainland is […]
Israel’s war economy is working—for the time being
Less than three weeks since Hamas plunged Israel into war, conflict is taking a toll on the country’s economy. The shekel has sunk to its lowest level against the dollar in more than a decade, prompting Israel’s central bank to sell $30bn of foreign-exchange reserves to prop up the currency. The price of insuring the […]
China’s economy may be growing faster, but big problems remain
China’s emergence from its covid-19 controls was meant to be the biggest economic event of the year. Instead, the reopening has turned into one of the biggest disappointments. In a recent survey by Bank of America, fund managers in Asia expressed their “fatigue and frustration” with China’s weak growth and the lack of a concerted […]
Hamas war could affect Israel economy
Israeli armuy soldiers deploy at a position near the border with Gaza in southern Israel on October 11, 2023. Menahem Kahana | AFP | Getty Images As Israel prepares for what could be a long war with massive humanitarian implications, there are also concerns about how a protracted fight could weigh on the country’s dynamic […]
Job growth surges but Americans still think the economy stinks
People pump gas into their vehicles at a Shell petrol station on October 2, 2023 in Alhambra, California. Frederic J. Brown | Afp | Getty Images The U.S. economy has added more than 2.3 million jobs this year, the unemployment rate is still below 4% and there are nearly 10 million open positions out there […]
A jobs bonanza stirs fears the American economy is overheating
The american economy is supposed to be slowing down by now, and that is supposed to be translating into a weaker labour market. But according to figures released on October 6th, the country added 336,000 jobs in September, nearly twice as many as forecast and the most since January (see chart). It is the latest […]
Striking unions impacting the economy at a level not seen in decades
The auto workers’ strike is the latest in a series of labor-management conflicts that economists say could start having significant growth impacts if they persist. So far, the United Auto Workers stoppage has impacted just a small portion of the workforce with limited implications for the broader economy. But it is part of a pattern […]
