Comparing the trend in Steve Madden’s stock, a company designing and retailing fashion footwear, handbags and accessories, over recent months with its trajectory during and after the Great Recession of 2008, we believe that the stock could likely gain 20% to around the level of $26…
Wave of job cuts set to hit construction, manufacturing and IT – as Britain expected to enter recession this week
Official economic data for June will be out this week. But unconventional indicators can help gauge conditions right nowThis week it will be confirmed that Britain’s economy is in the deepest recession for at least a century. Yet only a few days ago, the Bank of England heralded a return to growth, forecasting a more rapid recovery than previously feared.Off […]
GDP to shrink 9.5 per cent this year – less severe than the 14 per cent which had been forecast – but Bank warns of surge in unemployment amid ‘unusually uncertain’ outlook
[The Exchange] While most other East African countries are expected to fall into a recession for the remainder of the year, Tanzania’s economy is actually expected to grow.
Spain and France both record precipitous slumps as coronavirus batters economies across the Continent
Last quarter’s drop followed a 5 per cent fall in the January-March quarter, during which the economy officially entered a recession triggered by the virus, ending an 11-year economic expansion, the longest on record in the United States.
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Neither the Great Depression nor the Great Recession nor any other slump over the past two centuries have ever caused such a sharp drain on the economy.
High-frequency economic data shows that in the last few weeks, the initially swift V-shaped recovery may be slowing down. Last week, the June jobs report showed that the US economy added a record 4.8 million jobs, the second month of gains in the recovery from the pandemic recession. But the report showed only the first few weeks of June and thus didn […]
Rolling coverage of the latest economic and financial news, as the EC warns that the eurozone will shrink by 8.7% this yearLatest: EC slashes GDP forecasts after lockdownUK house prices drop for fourth month runningIntroduction: China stock market hits five-year highMarkets heading back to 2015 levels…but is it a bubble?European markets are down 1% 3.46pm […]
France, Italy and Spain will be hit particularly hard by the Covid-19 pandemic, the EC says
Restaurants, retail shops, and other service industries are starting to bounce back from the deep recession. But those gains could be jeopardized by a rise in new coronavirus infections.
The property market seems strangely oblivious to the economic carnage around it
Comparing the pre- & post-merger trends in Raytheon Technologies’ stock over recent months with the trajectory after the Great Recession of 2008, we believe that the stock can potentially gain more than 15% from its current level of $60 as the commercial aviation demand rises and integration…
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