The latest US GDP figures for second quarter of 2022 renewed the debate about whether the US economy was in a recession or not. Real GDP contracted in the second quarter of this year by a 0.9% annualised rate (or by 0.2% quarter over quarter). That meant the US economy had contracted for two successive quarters, and so ‘technically’ (by that definition) was in a recession. Real GDP is now up only 1.6% from Q2 2021. And business investment is slowing, up only 3.5% from this time last year, the slowest rate since the end of the COVID slump in 2020.
Calling a recession and blaming it on interest rates
Tag: economic growth
Despite sweeping sanctions, Russia’s economic outlook has improved since April — but it’s gotten worse for almost every other country
Russia’s economy is holding up better than expected amid sweeping sanctions over its invasion of Ukraine, according to the International Monetary Fund’s World Economic Outlook report issued on Tuesday.
Despite sweeping sanctions, Russia’s economic outlook has improved since April — but it’s gotten worse for almost every other country
Ukraine crisis is part of new cold war on Russia (and China)
Laos: From Landlocked to High-Speed Rail-Linked
October 19, 2021 (Brian Berletic – NEO) – For anyone who travelled through the rugged landlocked Southeast Asian country of Laos years ago, they will remember the twisting mountain roads and the many days by bus it would take to traverse the terrain from China’s border with Laos at Boten to the Laotian capital of Vietniane across the Mekong River from Thailand’s city of Nong Khai.
Laos: From Landlocked to High-Speed Rail-Linked
How the CIA Tried to Overthrow New Zealand’s Progressive Labor Government by Stoking White Racial Rage Against the Indigenous Māori Population
MICHAEL PALIN’S NOD TO JUCHE! (2018)
Say hello to the new multilateral boss
The Anti-Social Socialist: 8 Myths about Socialism
“The dictionary definition of socialism is “a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.””
The Anti-Social Socialist: 8 Myths about Socialism
How China Won the Middle East Without Firing a Single Bullet
“If oil and influence were the prizes, then it seems China, not America, has ultimately won the Iraq war and its aftermath – without ever firing a shot.” — Jamil Anderlini
How China Won the Middle East Without Firing a Single Bullet
Answering The Empire’s (and the Fake Left’s) Campaign of Baldfaced Lies Against China
Answering The Empire’s (and the Fake Left’s) Campaign of Baldfaced Lies Against China
“In a time of great need the US government is letting its citizens freeze, go broke, get evicted, and die of preventable illnesses, so obviously it’s of paramount importance right now that Americans rise up with one voice and direct their righteous anger at China. I’m developing a special disdain for people who mindlessly regurgitate US anti-China narratives, especially people who are normally skeptical of US government claims. There’s just no excuse for this nonsense. The geostrategic agendas are so obvious, the barefaced liars so familiar, and the facts so readily available for anyone intellectually honest enough to look”.
Caitlin Johnstone.
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