McKinsey has released its “Global Economics Intelligence Critical Trends and Risks” May 2022 report. The global management consulting firm’s report highlights the expansion of American industry, commodity price increases, and central banks’ move against inflation. The U.S. manufacturing purchasing managers’ index (PMI) improved to 59.2 in April, up from 58.8 in March, according to the…

Americans are predicting that inflationary pressures will continue to build up steam, while about half are claiming financial hardships because of the rise in prices, indicating a morose economic outlook at least for the next six months. Based on a recent Gallup poll, nearly eight in 10 Americans believe inflation will keep on increasing with…

Commentary The coming new year will be fraught with risk due to the removal of central bank and government supports. This could very likely lead to a collapse of the most overvalued stock market in history. According to the Conference Board, U.S. economic growth is set to slow from 5.5 percent annual growth for all…