Tag: economy
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.
NRF Says Economy is Slowing, but a Recession is Unlikely
The National Retail Federation discusses the future of the economy in the July issue of their Monthly Economic Review.
NRF Says the Economy is ‘Being Rebalanced’
April retail sales as calculated by NRF were up 0.9 percent seasonally adjusted from March and 6.4 percent year over year.
NRF Reports that Economy Has Strong Momentum Despite Inflation and Ukraine
Top challenges have shifted from COVID-19 to inflation and the war in Ukraine, but the US economy will continue to face uncertainties in the year ahead.
Economy Likely to Grow Even as Feds Work to Slow Inflation
The United States appears to be at the midpoint of an economic cycle that should continue to see growth, according to the NRF.