Quebec is technically falling into recession, but the Legault government continues to talk about an economic slowdown. The Quebec Institute of Statistics (ISQ) has just published data for the third quarter of 2023. Gross domestic product (GDP) fell by 0.2%. In the previous quarter, GDP also fell, but by 0.4%. Since this is the second … [Read more…]
New York CNN – In the last few years, all the smart money went into a recession in the US that occurred sometime before the next presidential election. To be clear, this could still happen. In the world of business, nothing is certain. However, it is extremely unlikely that the American economy will suffer a … [Read more…]
WASHINGTON (AP) — It was the most painful inflation Americans had experienced since 1981, when “The Dukes of Hazzard” and “The Jeffersons” topped the TV charts. But now the Federal Reserve appears to be on the verge of defeating them – and without the rise in unemployment and the deep recession that many economists had … [Read more…]
US data: GDP grows 4.9%, jobless claims rise to 210,000 U.S. gross domestic product rose to an annual rate of 4.9%, more than twice as fast as in the second quarter, beating estimates. Bloomberg There may be an explanation as to why the U.S. economy has been remarkably resilient and growing strongly despite high inflation … [Read more…]