U.S. economy slows sharply during omicron wave, Markit surveys show

U.S. economy slows sharply during omicron wave, Markit surveys show

[ad_1] The numbers: The U.S. economy dropped down to a slower gear in January amid a record outbreak of coronavirus cases that intensified labor and supply shortages, according to pair of IHS Markit surveys of senior business executives. A “flash” index of service-oriented companies tumbled to an 18-month low of 50.9 from 57.6 in the […]

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U.S. leading indicators climb 0.8% even as omicron dents the economy

U.S. leading indicators climb 0.8% even as omicron dents the economy

[ad_1] The numbers: The U.S. leading index rose a solid 0.8% in December, signaling steady growth even as the record spread of the omicron virus nibbled at the edges of the economy. Economists polled by The Wall Street Journal had forecast a 0.8% increase. The LEI is a weighted gauge of 10 indicators designed to […]

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Omicron poses limited downside to Indian economy, say economists

Omicron poses limited downside to Indian economy, say economists

[ad_1] <a href=”https://tmsnrt.rs/33r57ny”>Reuters poll graphic on India economy and budget outlook:</a> <a href=”https://tmsnrt.rs/3GFvXXA”>Reuters poll graphic on India growth, inflation and interest rate outlook</a> BENGALURU, Jan 19 (Reuters) – There is scant downside risk to the Indian economy in the last months of this financial year from the Omicron coronavirus variant, according to economists polled by […]

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China's economy loses steam as COVID-19 erupts, c.bank cuts rates

China’s economy loses steam as COVID-19 erupts, c.bank cuts rates

[ad_1] China Q4 GDP grows 4.0% y/y vs 3.6% forecast in Reuters poll China 2021 GDP grows 8.1% versus 8.0% forecast Dec factory output growth picks up, retail sales disappoint BEIJING, Jan 17 (Reuters) – China’s economy rebounded in 2021 from its pandemic-induced slump helped by robust exports but the pace slowed further in the […]

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