#Business Economics


China could reopen in March, but zero-Covid has shaken confidence in supply chains, economist says

While Chinese authorities could gradually unwind restrictions in March, zero-Covid policies are starting to hurt global confidence in the country's industrial supply chains, said Li Daokui, Mansfield Freeman professor of economics at China's Tsinghua University. In the short term, supply chains will be largely unaffected since factories are still operating,...
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The Ghosts Of Recession Past, Present, Or Future?

The popular definition of a recession is two or more consecutive quarters of real GDP declines. Indeed, almost all the recessions in US history fit this description. While real GDP growth in the first half of the year was negative, it increased by a solid 2.6 percent (annualized rate) in the third quarter (the most recent period for which data are available).
NBC Los Angeles

Europe's Biggest Buyer of Bonds Is Starting to Think About Selling

With inflation at record highs and a number of rate hikes under its belt, markets are now awaiting details on how and when the European Central Bank will sell bonds. Back in October, ECB President Christine Lagarde said the discussions over bond sales will consider three main factors. "It is...
Travel Weekly

WTTC chief urges ‘aggressive’ action to slash travel and tourism emissions

Travel and tourism will outpace world economic growth over the next 10 years but must cut its greenhouse gas emissions “aggressively”, the World Travel & Tourism Council (WTTC) has warned. WTTC president and chief executive Julia Simpson said: “Travel and tourism is recovering despite the global shutdown in...

Expert: Economy outlook is bright, no recession

Dr. Christopher Thornberg told an audience of bankers, homebuilders, real estate and other business professionals that there is no recession. He spoke during the Nov. 9 Tucson Economic Forum, presented by Alliance Bank of Arizona. “We’re here to talk about Arizona, we’re here to talk about Tucson, we’re here to...

Ukraine grain exports down 31.9% so far this year

Ukraine has exported almost 17.2 million tonnes of grain so far in the 2022/23 season, down 31.9% from the 25.3 million tonnes exported by the same stage of the previous season, Reuters reported, citing agriculture ministry data. The volume included more than 6.6 million tonnes of wheat, 9.1 million tonnes...

New IRI Report Explores Private Brand Recovery Amid Inflation and Economic Uncertainty

IRI hosting webinar covering growth opportunities for store brands on Nov. 30. IRI, which recently merged with The NPD Group to create a leading global technology, analytics and data provider, today released a new report exploring trends in private brand (also referred to as store brand or private label) products, which have not reached their expected growth amid 2022’s economic uncertainties. The report, “Private Brands: Look Who’s Buying Now,” provides an update on the store brand landscape and identifies retailer opportunities to increase demand for their own brand and private brand offerings.
World Economic Forum

The EU cultural sector is bouncing back from the pandemic. Here's how

The number of people employed in the EU’s cultural sector reached 7.36 million in 2021. Image: Unsplash/ Christina @ Create a free account and access your personalized content collection with our latest publications and analyses. License and Republishing. World Economic Forum articles may be republished in accordance with...

Bank of Korea ready to readjust tightening pace, going by data

SEOUL (Reuters) – South Korea’s central bank is ready to readjust the pace of its policy tightening to respond to an economic slowdown and a slumping property market, the bank’s governor told the Reuters NEXT conference on Wednesday. But Rhee Chang-yong declined to say whether the Bank...

BIA’s Forecast Calls For $165.7 Billion In Local Ad Revenues Next Year.

Almost flat. That’s the call from BIA Advisory Services for local advertising in 2023. The firm’s updated forecast is for U.S. media revenue of $165.7 billion next year, a decline of 0.5% from its final estimate of $166.5 billion for 2022. The current year estimate benefitted from record political advertising. Backing political revenues out of the comparison, BIA projects total local advertising in the U.S. will rise 4.8% year-over-year to $165.2 billion.