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Recession Signs Growing: Employers Cut Jobs, Factory Orders Fall
Economists are beginning to worry that previous optimism about the U.S. economic recovery was premature. A number of economic indicators suggest an economic slowdown, as productivity falls, factory orders...
Angola’s Economy Suffers in Low-Priced Energy Market
The Angolan government faces a financial crisis as lower oil prices shrink revenue streams, according to AFP. The Southern African country's currency, the kwanza, receded 35% in value in...
IMF Says Portugal’s Growth Constrained by Heavy Debts
While many nations in Europe have been experiencing healthy levels of economic growth over the last few years, there are a few notable standouts. Portugal is one nation with...
Americans Buying Fewer Homes, Services
Americans are buying fewer houses even as interest rates fall, and demanding fewer services even as job gains strengthen. The dynamic between lower demand for homes and services and...
Haiti Struggles to Resolve Political Crisis
According to the Organization of American States (OAS), Haiti may not settle a runoff dispute before the incumbent president's term ends this weekend, as the Associated Press stated. Haiti...
Luxembourg: Plan for International Treaty Laws Pertaining to Mining in Space
It may seem the stuff of science fiction, but mining asteroids, other planets, and even our own moon is just around the corner. Unfortunately, privatization of these efforts has...
GDP Growth Stalls as Corporate Defaults Soar to Six-Year High
GDP growth has slowed significantly while increasingly more companies are going broke and Americans are spending less. According to the Atlantic Federal Reserve's GDPNow forecast, expect to see 1.2%...
Sweden Rejects Large Numbers of Refugees as Financial Strain Grows
The Swedish government will decline thousands of refugee applications and deport up to 80,000 people—of the 160,000 refugees the country originally accepted—that sought asylum in 2015. Sweden is more...
IMF: Austerity Looming for Saudi Arabia
The International Monetary Fund (IMF) recently issued a warning to Saudi Arabia regarding its spending vis-a-vis its primary source of income. The major oil producer is feeling the pinch...
U.S. Economy Shows Signs of Shrinking
A little over a month after the Federal Reserve confidently proclaimed the economic strength of the U.S., several indicators are showing signs of a shrinking economy. Manufacturing activity continues...