Global Economy –Rundown: The United Kingdom, as decided to thrown caution to the wind as regards, post-transition trade agreement with the European Union, as the former is seeking ascent to a bills to be legislated that will empower it not to request for ratification from EU as regards state aid involving the trade of goods…
Global Economy –Rundown: The United State’s citizens filing for unemployment benefits claims receded below the million mark, based on prior week labour data, and this is the second time since COVID 19 outbreak, this slide was fueled by a seasonal adjustment which resulted in the 881,000 unemployment benefit claims for the week ended 29th August,…
Global Economy –Rundown: The American economic landscape was stirred to a new shift in Fed reserves Monetary Policy approach by leaving inflation to hover at an average inflationary target of 2%, and the employment benchmark will be accounted for by deficits from the maximum targeted benchmark, as prior indicators have been deviations from the maximum…
Global Economy –Rundown: The European Union and United Kingdom transitional trade agreement ended in a stalemate, as both parties were tightfisted on the fundamental issue around the state aid rules, fishing quotas, migration, security, dispute-settling mechanisms, and human rights guarantees, which are grey areas that must be resolved, else the possibility of agreeing to a…
Global Economy –Rundown: China’s dollar-denominated export increased by 0.5% on a year on year basis, while its import rose by 2.7% for the same period, the country’s trade surplus for the month of July was $62.33billion. The resilient of its export was influenced by demand for medical supplies and work from home equipment. However, the…
Global Economy –Rundown: The United State Economy, dipped by 9.5% from the first quarter, at an annualised level of 32.9%, the second quarter economic contraction was propelled by slump that cut across business investment activities, residential investment, and household spending on services that witnessed an annualised decline of 27%, 38.7%, and 43.5% respectively. Economic data…
Global Economy –Rundown: The unemployment filling by Americans for the week ended 18th July rose by 1.416 million, as the aggregate unemployed claims were estimated at 31.8 million beneficiaries, as of 4th July. The increase in jobless benefit payout is related to increase cases of confirmed COVID-19 that has pressured authorities to either shut down…
Global Economy –Rundown: China’s economy recorded a rebound in the second quarter of the year, as its GDP grew by 3.2% for the period, as against first quarter GDP contraction of 6.8%, this was attained based on lockdown easing, stimulus enhancement through fiscal spending and, cutting of lending rates and, lowering of banks reserves. Although…