Economy

Economy
Tariffs, Trade Tensions Impact Auto Shipping
October 21, 2019

The lingering impacts of various trade wars are refashioning supply chains and slowing the flow of goods across borders and across various logistics corridors — including over the waves. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Economy
Retail Sales Slump Raises Questions About Consumer Spending
October 16, 2019

One of the laws of physics, loosely phrased, is that an object in motion stays in motion, on its path, until outside forces act to change that path. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Economy
IMF: World Economy Will Grow Only 3 Pct In 2019
October 15, 2019

As the self-inflicted wounds of the trade war between the U.S. and China have made for a “precarious” economic state, the International Monetary Fund (IMF) said worldwide growth is slated to drop to its slowest rate since the global recession in 2009. Get the Full...

Economy
World Bank Downgrades India’s GDP Forecast
October 13, 2019

The World Bank has downgraded India’s GDP forecast due to a decrease in domestic demand. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

Economy
Michigan University’s Consumer Survey Shows Continued Economic Rebound 
October 11, 2019

The preliminary results of an Oct. 1-10 survey of American consumers by the University of Michigan show an unexpected upturn, with respondents anticipating larger income gains and lower inflation during the year ahead, the University of Michigan reported on Friday (Oct. 11).   Get the Full...

Economy
Credit Card Interest Rates Rise To Near-Record Levels
October 09, 2019

The average interest rates on credit cards are nearing record levels, in spite of a 50-basis-point decline on a 10-year note yield. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Economy
As Unemployment Hits Fresh Low, Signs That US Economy Is Cooling
October 04, 2019

The headline numbers trumpet that the unemployment rate is at a 50-year low. But the latest data points show a more mixed picture — not of where we’ve been but where we are going. Get the Full Story Complete the form to unlock this article...

Economy
Data Points To US Consumer Spending Slowdown
October 03, 2019

Consider the stock market free fall a bit of a lagging indicator — one that seems to be playing catch-up to the U.S. economy’s slowing growth rate. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Economy
Study: Economic Impact Of Internet Tops $2.1T In US
September 26, 2019

New data shows that the internet sector accounted for $2.1 trillion of the U.S. economy in 2018 — about 10 percent of the nation’s gross domestic product (GDP). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...