China’s Congress of the Communist Party takes place this week. This is an important event not only for China, but globally. The Western media have concentrated on the fact that current party leader Xi Jinping will be confirmed for an unprecedented third term as party leader and thus also continue as President of China when […]China: Xi’s third term – part one: growth, investment and consumption
us-banks-vs-gdpDownload us-banks-revenue-and-incomeDownloadWHAT BANKING INCOME IN THE USA TELLS US ABOUT THE STATE OF THE US ECONOMY.
Economic growth The US economy unexpectedly contracted by 0.4% in the first quarter of 2022, compared to the previous quarter, due in large part to a decline in inventories and exports. Consumer and business spending continued to grow however, suggesting that activity still has some momentum. US real GDP quarterly change % Growth in the […]It’s not looking good for 2022