Tag: economy

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.

The economy is still growing, but not as fast as it was earlier this year, according to NRF Chief Economist Jack Kleinhenz.

Spending is slowing as the economy settles down amid higher interest rates intended to reduce inflation, according to the NRF.

The US economy did better in the first half of 2023 than indicators suggested and is improving according to NRF economists. Read more here!

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

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.

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 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.

In recent decades, many Americans forgot the economic disruption that inflation can bring. It has remained only a distant threat—until now.

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.