Will US Economy Collapse in 2015?
World Economy

Will US Economy Collapse in 2015?

While the Federal Reserve tries to soothe investors’ fears, new indications suggest the US economy is already in a recession and could be on the verge of an economic collapse in 2015.
The wholesale trade data for the month of May was way off expectations. Sadly, the number may not even be close to positively impacting the gross domestic product (GDP) in the second quarter of 2015, Profit Confidential reported.
May’s wholesale trade only rose at 0.3% following growth of 1.7% in April. The sale’s number compared to that of May 2014 dropped by 3.8%—the biggest drop since the financial crisis.
Previous data suggested that the economy contracted in the first quarter due to unusual snowfall, port strikes and the stronger dollar. While mainstream economists insist that the economy was strong in the second quarter, the latest data may prove something else.
Another report on Thursday indicates that the number of people who applied for unemployment benefits in the week ending July 4 climbed to the highest level since February. Janet Yellen, the chair of the Federal Reserve, also said that although unemployment dropped to 5.3% (its lowest in the last few years), alternative measures of employment remain weak.
Next week, investors receive a barrage of data on inflation and manufacturing production. These reports will give a clear picture as to the health of the US economy.

Short URL : http://goo.gl/FipJT4

You can also read ...

The 2017 “WannaCry” cyber attack demanded affected users wire ransom money via Bitcoin.
You don’t have to be a digital whizz kid to know that the wars...
A woman protests a planned coal-fired plant  in southern Thailand.
Southeast Asian governments are finding themselves caught...
Malaysia has shown willingness to move towards  a market-oriented mechanism.
Forty-three World Trade Organization members who participated...
Singapore to Hike GST for First  Time in Decade
Singapore is expected to raise goods and services tax for the...
South Africa Wants to Increase VAT Rates
With an economic downgrade to junk status, a slowly growing...
62% of Japan Loan Rate  Below 1%
After two years of the Bank of Japan guiding key interest...
Fitch Upgrades Greece
Fitch Ratings raised Greece’s sovereign credit rating by one...
China’s Commerce Ministry says the proposed US measures are groundless.
China said proposed US tariffs on imported steel and aluminum...