Monthly archive June, 2020

China's factory gate prices fell deep into deflation in May and consumer price growth slowed for the fourth straight month, reflecting weak demand despite government measures to boost spending and exports after coronavirus pandemic hit the economy. Producer prices Read More →

The Organisation for Economic Cooperation and Development said the global economy is undergoing the deepest recession since the Great Depression in the 1930s due to the coronavirus, or Covid-19, pandemic. As restrictions begin to ease, the path to economic recovery Read More →

While the Federal Reserve expects the U.S. economy to rebound in 2021 following a sharp contraction this year due to the coronavirus pandemic, the central bank has indicated interest rates are likely to remain at current near-zero levels through 2022. Read More →

The U.S. dollar turned quite weak against most of its rivals on Wednesday after the Federal Reserve indicated that interest rates are likely to remain at current near-zero levels through 2022.Original Article Read More →

After reporting the biggest drop in U.S. consumer prices in over a decade in the previous month, the Labor Department released a report on Wednesday showing a modest decrease in consumer prices in the month of May. The Labor Department Read More →

The volume of total manufacturing sales in New Zealand dropped a seasonally adjusted 1.7 percent on quarter in the first three months of 2020, Statistics New Zealand said on Wednesday.Original Article Read More →