About a third of the world’s economy is going to be in recession this year, the IMF head warns. The news has arrived with major events taking place in the last few years. The head of the International Monetary Fund, Kristalina Georgieva predicted a tough year for the entire world as the world’s major economies spiral down.
The US Economy recorded growth in Q3 of 2022, even though consumer and business spending took a hit from the double threat of continued inflation and higher interest rates
Some Federal Reserve officials have made statements that suggest rate hikes early next year are less likely and that the rate of increases will be reduced to 50 or 25 basis points, pointing out that rate hikes could hurt the economy unnecessarily.
Goldman Sachs says Credit Suisse needs $8 billion until 2024 for its restructuring. Jefferies puts the cost as high as $9 billion for the coming few years.
A ‘Billion Dollar’ mark is something people usually don’t like to use with words like ‘fall’ or ‘drop’ because it is an industry standard of recognizing something as extremely successful. But somehow something very odd happens in the recent days and that is Facebook, a $562 billion company lost its revenue consecutively in the second quarter. Here we came up with the most distinguished figures after digging down deep in the reports published by the company.
