Recess activities during covid

Share to Twitter Share to Linkedin Key takeaways The World Bank issued a bleak global growth outlook this week, revising last June’s projections down from 3% to 1.7% A significantly downgraded U.S. outlook hit particularly hard; the U.S. is now forecasted to see just 0.5% growth in 2023 If predictions hold, it would be “the third weakest pace of growth in nearly three decades” behind the 2009 and 2020 downturns A bleak report from the World Bank this week warns that 2023’s growth outlook looks ripe for recession. The U.S.-based international organization conducts research and provides financing and advice to developing nations. In its Global Economic Prospects Report , the World Bank warns, “Global growth has slowed to the extent that the global economy is perilously close to falling into recession.” The World Bank credits “unexpectedly rapid and synchronous” monetary tightening around the world for the sluggish growth. The situation … [Read more...] about World Bank Warns Of Global Recession Risk

Share to Twitter Share to Linkedin Key takeaways A recession occurs when economic indicators like gross domestic product, consumer demand and employment decline Since World War II, the average recession in the U.S. lasts around 10 months Going back to the 1850s, the average recession grows a little longer – about 17 months Currently, economists predict a 70% chance that the U.S. could suffer a recession within the next year With all the recent talk of inflation, interest rates and job openings, you’ve probably heard murmurs about impending recession fears . Though we’re not in one – yet – economists generally expect the U.S. to experience a recession this year. The likely culprit: a potent combination of ongoing pandemic-era supply chain issues and the Fed’s battle with inflation. But exact predictions on when and how severe vary. Wells Fargo, for instance, sees the U.S. entering and exiting a recession within 12 months. Goldman … [Read more...] about How Long Do Recessions Last?

Share to Twitter Share to Linkedin Key takeaways It is possible to make money in a down market. You just have to be more strategic with your plans. Avoid speculative stocks. Instead, invest in high-quality companies. Consider selling options and investing in actively managed funds to earn a decent return during a weak market. As the fear of recession grows, more investors wonder how to recession-proof their investments. Is there a way to not lose money in a down market? Are some investments better than others? Here is what you need to know to protect your wealth during a weak economy and declining stock market, as well as how you can potentially grow your wealth. Investing comes with risk It's important to understand that the only way you can remove 100% of the risk of losing money when investing in the stock market is not to invest at all. When you purchase an investment, whether it’s a stock, bond, mutual fund, or exchange-traded … [Read more...] about How To Recession-Proof Your Investments

Share to Twitter Share to Linkedin Key takeaways: IMF Managing Director Kristalina Georgieva is predicting that one-third of the world’s economies will slip into recession in 2023, with the biggest impacts being felt in emerging and developing economies. Russia’s war on Ukraine and China’s abruptly changing COVID-19 policies are both playing large roles in this outlook. The American economy is tenuous but could avoid a recession if it maintains its strong labor market. Its success is a double-edged sword for emerging economies, though. A grim outlook arose for the new year when Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), revealed predictions for the 2023 global economy in an interview with the CBS show Face the Nation. The interview revealed that three of the world’s largest economies – the EU, the U.S. and China – are all slowing simultaneously. Georgieva pointed out that as bad as that looks for the … [Read more...] about IMF Chief Predicts A Recession For Developing Countries In 2023

LONDON  – The lifting of COVID-19 restrictions in China is set to boost global oil demand this year to a new record high, the International Energy Agency ( IEA ) said on Wednesday, while price cap sanctions on Russia could dent supply. “Two wild cards dominate the 2023 oil market outlook: Russia and China,” the Paris-based energy watchdog said in its monthly oil report. “Russian supply slows under the full impact of sanctions (while) China will drive nearly half this global demand growth even as the shape and speed of its reopening remains uncertain.” Weak industrial activity and mild weather helped cut oil demand by nearly a million barrels per day in the OECD developed countries in the last quarter of 2022. But despite possible but likely mild recessions in Europe and the United States, China’s expected reopening is set to fuel rebounds in nearby Asian economies and see it take the lead from India as the world’s leader in oil demand growth. “The preeminent driver of 2023 … [Read more...] about China’s COVID-19 reopening set to push 2023 oil demand to new high -IEA

BENGALURU  – South Korea’s export-dependent economy is forecast to have contracted in the fourth quarter, putting in its worst performance in 2-1/2 years as falling foreign demand and rising interest rates hurt private consumption, a Reuters poll found. Asia’s fourth-largest economy is expected to have shrunk by a seasonally-adjusted 0.3 percent in the October-December quarter after growing 0.3 percent in the preceding period. All but one of 13 economists in the Jan. 16-19 Reuters poll forecast a contraction, with the other expecting growth to flatline. If realized, it would be the sharpest contraction since mid-2020 when the COVID-19 pandemic was cementing its grip on the world. On a year-on-year basis, gross domestic product (GDP) likely grew 1.5 percent in the fourth quarter, the median forecast of 21 economists showed, half the 3.1 percent growth in the third quarter. Forecasts ranged from 0.7 percent to 1.9 percent. The data will be released on Jan 26. “High frequency … [Read more...] about South Korea’s Q4 GDP likely shrank, hints at possible recession – Reuters poll

Share to Twitter Share to Linkedin By David Sangokoya, Head of Civil Society Impact, World Economic Forum, and Louise Thompson, Community Lead, Civil Society , World Economic Forum In the face of the COVID-19 pandemic, climate crisis, geopolitical fracturing and now a recession, civil society leaders continue to tirelessly serve those who need them. From advocates for racial and gender-based freedoms to nonprofits groups helping their communities keep the lights on and food on the table, their resilience is difficult to overstate — particularly as they themselves often face the very same issues they are working to resolve for others. This resilience is a testament to the courage of civil society leadership around the world, enabled by the actions of governments and businesses that recognise the importance of civil space and investing in the future of civil participation. Strengthening resilience and finding cooperation in a fragmented … [Read more...] about These Are Civil Society’s Top 3 Priorities In Davos For A World In Crisis

Share to Twitter Share to Linkedin China’s economy grew just 3% last year, well below the government’s previous target of around 5.5% as headwinds including stringent Covid restrictions and a crackdown on the real estate sector took a heavy toll. The much-awaited gross domestic product figure, unveiled Tuesday during a televised press conference held by the National Bureau of Statistics, also marks one of the worst growth rates seen since the 1970s. Although the data showed a marked slowdown in economic activity, it was slightly better than estimates including the World Bank’s earlier forecast of 2.7%. Officials expressed a note of optimism by saying that the economy held up under pressure from a volatile international environment as well as the difficult task to reform and maintain stability domestically. At the end of last year, the central government quickly dismantled its signature “Covid-zero” policy, which will certainly give a strong boost … [Read more...] about China’s Economy Fails To Meet Government Target, Expanding 3% In 2022

Share to Twitter Share to Linkedin My overall macro theme for 2022 was "s till growing but yet slowing ." The theme proved to be relatively accurate, at least as it relates to the economy overall ( as of December 14, 2022, the Federal Reserve's median forecast for U.S. Real GDP growth in 2022 is 0.5% ) but fell far short as it relates to capital markets growth as both equity and bond markets contracted in 2022. Persistent high levels of inflation, rising interest rates and the impending threat of a recession were among the primary culprits for the pullback. Consistent bouts of volatility marked the year. Consider that of the first 237 trading days of 2022, there were 102 up days and 135 down days as measured by the S&P 500 Index, with daily moves of 1.5% or more occurring on 76 of those days—that's 32% of the time! As a result, many investors were happy to see 2022 conclude and hope that better days are ahead in 2023. Coincidentally, I see the theme … [Read more...] about Top 10 Investment Themes For 2023

Share to Twitter Share to Linkedin Good morning, The entertainment business is top of mind this morning as the Academy of Motion Picture Arts and Sciences prepares to announce its nominations for the 95th Academy Awards at 8:30 a.m. ET. Actors Allison Williams and Riz Ahmed will share which movies made the cut over livestream, with flicks like The Banshees of Inisherin , Everything Everywhere All At Onc e, Avatar: The Way Of Water and The Fabelmans expected to rack up nods. The Academy Awards will air March 12 at 8 p.m. ET on ABC. While we wait to see which stars have the potential to take the stage that night, we know that Will Smith, whether he’s nominated or not for Emancipation , will not be attending. We’re coming up on a year since he slapped Chris Rock at last year’s show, largely overshadowing the awards and earning himself a 10-year ban from the ceremonies. Sign up here to get the Forbes Daily morning newsletter straight … [Read more...] about Forbes Daily: Most Valuable Sports Empires