Recent data for the US economy reflect a mixed profile, but several widely followed business-cycle indicators are screaming recession.
Daily Archives: November 23, 2022
Macro Briefing: 23 November 2022
* World economic growth projected to “slow further” in 2023, OECD predicts
* Despite slowing growth, world economy expected to avoid recession
* China’s ability to maintain zero-Covid policy may be fading
* Workers in China protest over pay amid anti-virus controls
* US and allies plan to announce oil price cap for Russian crude
* Eurozone business activity contracts for fifth month in November
* HP will layoff 6,000 workers in latest downsize in tech industry
* NY governor signs law banning certain bitcoin mining
* Richmond Fed Mfg Index continues to signal weak mfg conditions in November
* US 2yr/10yr Treasury yield curve falls to -0.71, taking out previous low in 2000:
