GDP SLOWS TO 2%… WEAKEST OF COVID RECOVERY… Food Prices Set To Soar As Oil And Gas Crunch Continues

Sharing is Caring!

Economic growth rate slows to 2% on a sharp slowdown in consumer spending

  • The U.S. economy grew at a 2% annualized pace in the third quarter, its slowest increase since the end of the 2020 recession.
  • Decelerations in consumer spending and residential investment helped keep the number lower.
  • Weekly jobless claims fell more than expected last week to a fresh pandemic-era low of 281,000, below the 289,000 estimate.
See also  Stock Markt CRASH CONTINUES IN ASIA as Legendary Investor Atsuto Sawakami Warns of Bubble in Nikkei

U.S. posts weakest growth of pandemic recovery

Global Food Prices Set To Soar As The Oil And Gas Crunch Continues

  • Oil and gas prices have risen dramatically this year as a result of underinvestment and recovering demand.
  • Higher fuel prices are weighing on global food supply chains, with transportation and farming costs continuing to climb.
  • The hardest hit will, once again, be those living in developing economies that are still struggling to recover from the impact of the pandemic.
See also  Australia’s COVID Concentration Camps: A quick Rundown

Christmas Tree Shortage Causing Prices To Soar…

AMAZON Earnings Suffer as Growth Slows, Costs Rise…

APPLE misses expectations for first time since ’16…

Chip Shortage Far From Over as Wait Times Get Longer…

Bidding war over two-year-old minivan? Used car market ‘bananas’…

362 views

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.