After a lackluster performance in the second quarter of 2023, Canada’s economic growth is predicted to make a gradual recovery and reach 1.4 percent in the third quarter, according to the latest Main Street Quarterly report released by the Canadian Federation of Independent Business (CFIB). “Key macroeconomic indicators, such as GDP, retail sales and inflation,…
Canadian Federation of Independent Business Report Finds Economy Due for Slow Recovery in 3rd Quarter
US Economic Growth Last Quarter Is Revised Up to 2 Percent Annual Rate
WASHINGTON—Showing surprising resilience in the face of higher interest rates, the U.S. economy grew at a 2 annual pace from January through March as consumers spent at the fastest pace in nearly two years. Thursday’s revised figure from the Commerce Department sharply upgraded its assessment of first-quarter growth from its previous estimate of a 1.3…
Embarrassment Is an Integral Part of Growth
A well-known climbing coach said that the biggest obstacle in the way of people’s growth as climbers is, basically, fear of embarrassment. When people want to get better at climbing, they try to do it privately, so that no one can see them doing things badly. They’ll go to the climbing gym when no one is watching,…
US Economic Growth for Last Quarter Is Revised Up to a Still-Tepid 1.3 Percent Annual Rate
WASHINGTON—The U.S. economy grew at a lackluster 1.3 percent annual rate from January through March as businesses wary of an economic slowdown trimmed their inventories, the government said Thursday in a slight upgrade from its initial estimate. The government had previously estimated that the economy grew at a 1.1 percent annual rate last quarter. The…
NASCAR 75: Fan Growth, New Stars Among Looming Challenges
NASCAR is crumbling. That is the image being presented to the casual fan early in this injury-plagued start to NASCAR’s 75th anniversary season. Through the first 11 races this season, NASCAR has handed down massive penalties, some of which have been overturned by appeal panels. Team owners are in a stalemate with NASCAR leadership over…
Addressing the Contradictory Myths of ‘More’
Commentary Humans, during the past century, were able to test the eternal belief that “more”—unlimited “more”—was what we needed. More human numbers; more food; more material goods; more wealth; more speed; more services; more years. The test results are coming in, and regardless of the utopian dreams, it is clear that “more” may often be…
Beijing’s Leadership Announces Its Goals
Commentary Earlier this month, Beijing hosted a huge crowd of Chinese officials. They were there for the “Two Sessions” gathering, which included some 3,000 delegates of the National People’s Congress (NPC), the country’s nominal legislature, and an additional 2,000 members of the Chinese People’s Political Consultive Conference (CPPCC), and advisory body. Though primarily a rubber…
Global Jobs Growth Will Halve in Challenging 2023: ILO
January 16, 2023
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LONDON—Global employment growth is expected to slow down sharply to 1 percent this year compared to 2 percent in 2022, hit by the economic fallout of the war in Ukraine, high inflation, and tighter monetary policy, the International Labor Organization (ILO) said on Monday. At the same time, the number of unemployed people in the…
Double-Digit US Home Price Growth Streak Skids to an End
Annual price growth in the increasingly fragile U.S. housing market slid into the single digits in October for the first time in about two years when mortgage rates that month surged above 7 percent and further stifled demand, a pair of closely watched surveys showed on Tuesday. The S&P CoreLogic Case Shiller national home price…
World Bank Cuts China Growth Outlook on COVID-19, Property Woes
BEIJING—The World Bank has cut its China growth outlook for this year and next, citing the impact of the abrupt loosening of strict COVID-19 containment measures and persistent property sector weakness. The Washington-based lender, in a report released on Tuesday, said it expected China’s economy to grow 2.7 percent in 2022, before recovering to 4.3…
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