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The American economic expansion is going to last another two years. It follows from a majority of financial experts surveyed by Reuters, who also forecast that surge wont’ accelerate the way the Trump administration has hoped for.
The revival from the fierce 2007-2009 financial meltdown has been lengthy enough. The latest surge stretch has already involved up to 96 months, and if the poll predictions come true it would indicate the longest economic expansion for the last 150 years.
Surge has still not picked up as rapidly as previously thought, leading predictions to lower hopes again moderately in the survey of more than 100 financial experts conducted August 7-10.
The American expansion has still more than two years to last, according to 34 of 57 financial experts, who answered an extra question on the business cycle. Apparently, of those experts, 21 told it would take two to three years, while 13 pointed to three years.
In December, new orders for major American capital goods suddenly slumped in the face of decreasing demand for machinery as well as primary metals, indicating a sustained deceleration in business spending on equipment, which could further impact economic…
American mortgage applications tacked on for the first time for five weeks because most home borrowing costs kept to their lowest value for 10 months…
The releases of employment change and the unemployment rate for Australia are expected on February 21, at 2:30 MT time.
Did Bitcoin manage to recover and what was the hottest news in the crypto and blockchain world? Read and find out!
On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…
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