OECD Slashes Global Growth Forecast
As rising interest rates weigh on business activity and China continues to struggle with a lackluster recovery from the pandemic, global growth is forecasted to remain anemic, according to the…
Goldman Forecasts First Rate Cut In Q2 2024
In a Sunday note to clients, Goldman Sachs is predicting that the Federal Reserve will begin cutting interest rates before the end of the first half of next year, and…
Jim Cramer Says He Doesn’t Think A Recession Will Happen
Photo of Jim Cramer courtesy of Tulane Public Relations licensed under the Creative Commons Attribution 2.0 Generic license. Jim Cramer of CNBC discounted the liklihood of a recession, saying he doesn’t see…
IEA Downgrades Oil Demand Outlook
For the first time this year, the International Energy Agency (IEA) has cut its oil demand forecast, noting that it sees “persistent” economic headwinds in wealthy countries. Predicting the global…
HSBC Predicts Major Recession Imminent In The West
British banking giant HSBC is projecting that the US will enter a recession in the fourth quarter of 2023. In its midyear outlook, issued on Tuesday, the banking giant’s Asset…
Morgan Stanley Predicts US Equities Rally To Be Killed By 16% Drop In EPS
Morgan Stanley is making predictions in opposition to the conventional wisdom in the markets right now, forecasting that a sudden pullback in corporate earnings will crush any US rally in…
Deutsch Bank Predicts Coming Wave Of Defaults
Deutsche Bank has issued a warning, predicting that this year will see a cycle of booming economic activity turning to a bust, possibly set off by an imminent wave of…
Moody’s Says US And UK Poised To Enter Recession
On Tuesday, Moody’s Investor Service issued a report predicting that this year global growth will decelerate as persistent inflation and higher borrowing costs will cause an economic slowdown, primarily driven…
Jim O’Neill Says Dollar Dominance Could Fall To BRICS At Some Point
Image courtesy of the Flickr stream of the Foreign, Commonwealth and Development Office and is licensed under the Creative Commons Attribution 2.0 Generic license. Jim O’Neill, former chairman of Goldman Sachs Asset Management is…
Dr Doom Warns, A US Default Will Crash Global Markets
Image of Nouriel Roubini courtesy of the World Economic Forum. Renowned economist and New York University professor Nouriel Roubini is warning that the inability of US leaders to hash out…
