This year, the U.S. economy might face a “slowcession” rather than a recession, according to a new report from Mark Zandi, the chief economist at Moody’s Analytics. While the growing base-case scenario among investors, market analysts, and economists is an economic downturn, Moody’s expects “halting growth and higher unemployment” in 2023, effectively “avoiding a downturn.”…
Moody’s Expects ‘Slowcession’ in 2023: No Growth, Rising Unemployment
Vietnam’s Economy Grows as Businesses Exit China
September 5, 2022
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Vietnam reported positive production and operating data through July with Moody’s Analytics raising its forecast of the country’s GDP growth to 8.5 percent, making it its highest growth projection in Asia-Pacific. This comes as China to the nearby north has been showing further signs of an economic downturn. Despite a slowdown in Vietnam’s exports in…
Economist: High Inflation Costing Americans an Extra $460 per Month
Decades-high inflation is costing the average American about $460 extra per month, according to a recent analysis released by Moody’s. A Moody’s Analytics economist, Ryan Sweet, calculated that figure based on data that was released by the Bureau of Labor Statistics last week that showed the Consumer Price Index jumped 8.6 percent yearly in May, which is…
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