Connect with us


An improving global economy means good news for the US economy

An improving global economy means good news for the US economy


of January work report showed that half a million new jobs were created last month and unemployment was extremely low, equivalent to its level in the 1960s. That was a pretty clear signal that the economy doesn’t appear to be cooling as much as some economists feared it might after several rounds of interest rate hikes.

The global economy may not be as bad as experts feared. It slowed significantly in 2022 and is expected to weaken further this year. But some parts of the globe are performing better than expected.

Energy prices have fallen. Inflation is slowing down. And in many countries, COVID is no longer a serious economic obstacle.

The global outlook has definitely improved over the last two months,” he said Neil Shearing at Capital Economics. He added that the outlook for Europe previously looked dire, with Russia’s war in Ukraine making natural gas scarce and expensive.

However, in recent months, Shearing said, the price of European natural gas has absolutely fallen, and that really removes a significant headwind against the Eurozone economy.

Europe has also done a good job of conserving its natural gas.

We’ve had an unusually mild winter here in Europe,” explains Shearing. “For a large part of January, we were actually building up gas supplies at the depot, believe it or not.

China, meanwhile, has abandoned its zero-COVID policy and unleashed a wave of consumer spending, according to Shearing.

I think the economic recovery in China is going to be faster than investors and other people are predicting,” Shearing said.

But China’s comeback will be nothing like that A recreation of the “retaliatory spending” we saw in the USfor Adam Posen in Peterson Institute for International Economics.

They did not create the kind of excess savings in China that we saw created in the US, in part because for large numbers of Chinese [citizens]they had to survive on their savings, Posen said.

Posen added that the big emerging markets Brazil, India, Mexico, Indonesia are doing quite well.

Plus, despite ongoing problems like Ukraine’s wheat withdrawal, concerns about food insecurity are declining. Morning consultations Sonnet Frisbie said the polling firm asked consumers around the world if they worried about paying for groceries.

I was surprised to find that there wasn’t a big difference in emerging and developed markets,” Frisbie said.

Bottom line: If the global economy ends up performing a little better than economists predicted, that only helps the U.S. economy

A lot is happening in the world. Through it all, Marketplace is here for you.

You rely on Marketplace to break down world events and tell you how it affects you in a fact-based and accessible way. We rely on your financial support to make this possible.

Your donation today powers the independent journalism you rely on. For just $5/month, you can help keep Marketplace alive so we can keep reporting on the things that matter to you.




The mention sources can contact us to remove/changing this article

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: cgurgu@internetmarketingcompany.BizWebsite: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos


to request, modification Contact us at Here or