Tag: economy
Import Cargo Volume Could Hit 2 Million TEU Three Months in a Row
Import cargo volume at the nation’s major container ports is expected to hit the 2 million TEU unit mark for the second month in a row in September and remain there during October.
NRF Economist Says Economy Is Expanding But Momentum Is Slowing
The economy is still growing, but not as fast as it was earlier this year, according to NRF Chief Economist Jack Kleinhenz.
NRF Says Growth in Consumer Spending Is Slowing
Spending is slowing as the economy settles down amid higher interest rates intended to reduce inflation, according to the NRF.
Economy Continues to Improve Regardless of Slower Expectations
The US economy did better in the first half of 2023 than indicators suggested and is improving according to NRF economists. Read more here!
NRF Economist Says Conditions Look Like Soft Landing, Not Recession
Economic indicators are giving conflicting signs but the nation does not appear to be in a recession and should be headed toward a soft landing from the rampant inflation and high interest rates of the past two years
Q1 2023 Brings Challenges with Inflation Control Â
Slower-but-continued growth in gross domestic product and other economic indicators during the first quarter of NRF's Monthly Economic Review showed inflation control challenges.
NRF Says Full Effect of Federal Reserve’s Monetary Tightening Is Not Yet Visible
With the Federal Reserve continuing to increase interest rates to fight inflation, the NRF doesn’t expect a recession but said the forecast assumes gross domestic product growth will slow from nearly 3 percent in the second half of 2022 to 1 percent in 2023.
The Worst—or Best—Is Yet to Come in 2023
The International Monetary Fund now forecasts global GDP growth to slow dramatically from the 6 percent in 2021 to 3.2 percent in 2022 and an even lower 2.7 percent in 2023.
Inflation: Return of the Dragon
In recent decades, many Americans forgot the economic disruption that inflation can bring. It has remained only a distant threat—until now.
Facing Global Economic and Retail Headwinds
The world faces multiple challenges for the balance of 2022, into 2023, and it may even extend into 2024. Multiple negative forces are combining to slow the dramatic growth of the pre-pandemic decade.