The International Monetary Fund (IMF) is cutting its outlook for the world economy. Why? Earnings season kicking off this week. A top financial advisory firm tells us we may see earnings hit bottom this quarter before going back up. A Zillow economist says house flipping is not a good way to get rich quick, but other…

People’s optimism in their country’s economy has suffered a “massive collapse” globally, based on a worldwide survey with over 32,000 respondents across 28 countries, signifying an increase in fears of job loss and economic inflation, together with growing distrust in governments. Global economic optimism fell to 40 percent in 2023 from 50 in 2022 and…

The founder of Chinese technology giant Huawei, has reportedly told the company to brace for “survival” amid the grim global economic outlook, according to a leaked internal memo. Once riding high on the wave of globalization, the successful telecom held one of the largest global shares on shipments of communications devices. However, the company has…

The emergence of the Omicron variant of the novel coronavirus has seen the world economy off to a worst start in the 2022 new year than anticipated, according to the International Monetary Fund (IMF). As pandemic approaches the start of its third year, the IMF has said, in an update to its October World Economic…