Mortgage rates have recently climbed to 7% after several years of historically low rates, causing concern among homeowners and prospective buyers. The increase is likely due to a combination of rising inflation, stronger economic growth, and the Federal Reserve’s plans to tighten monetary policy.
Despite assertions from economists that the labor market is strong, many job seekers remain unconvinced about the available opportunities. This lack of confidence can be attributed to various factors and challenges faced by those actively seeking employment.
Taiwan has long been celebrated as a global powerhouse in semiconductor manufacturing. However, according to prominent economist Dr. John Chang, the island’s exceptional strength in this field could prove to be its proverbial “Achilles heel.” In a recent interview, Dr. Chang shed light on the potential risks that Taiwan faces due to its heavy reliance on the semiconductor industry.
An economist has forecasted a potential slowdown in the growth of consumer spending for the year 2024, raising concerns about the sustainability of current trends. While consumer spending has been a significant driving force in the economy, experts believe that a moderation is on the horizon.
Economists are cautioning that a staggering number of businesses may face closure in the year 2024. With an estimated count of nearly 30,000, the impact on the economy could be significant. Experts argue that the ongoing global challenges and evolving market dynamics are contributing to this concerning trend.
Investors and economists worldwide are increasingly confident that central banks around the globe will engage in rate cuts throughout 2024. Anticipated to stimulate economic growth and combat inflationary pressures, these expected moves have captured the attention of financial markets.
Economists from various institutions have come together to predict the economic outlook for the year 2024. According to a comprehensive survey conducted by these experts, the consensus is that a recession is highly unlikely in the coming year.
Goldman Sachs’ Chief Economist, renowned for his accurate predictions in the world of finance, has made a bold assertion. He firmly believes that ‘The Great Disinflation’ has begun, which will result in a series of interest rate cuts. His forecast suggests that the central banks will initiate three back-to-back rate reductions by the summer season.
