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US economy’s impact on global GDP
America is the world's largest national economy and leading global trader. A growth surge in the world’s largest economy could provide a significant boost to global activity. In contrast, uncertainty about the direction of US policies could have the opposite effect.
An acceleration in US growth would have positive effects for the rest of the world if not counter-balanced by increased trade barriers. However, policy uncertainty could hamper global growth, and could have particularly bad effects on investment growth in emerging and developing economies.
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US economy’s impact on global GDPBy VARINDIA| 13 views
America's Debt Dilemma: Straining the US Economy
The increasing US debt is a growing concern for many economists and policymakers. The debt has been growing steadily for decades, and it now stands at over $30 trillion. This is a significant amount of debt, and it is putting a strain on the #USeconomy.
There are a number of reasons for the increasing US debt. One reason is the cost of wars in Iraq and Afghanistan. The US has spent trillions of dollars on these wars, and this has added to the debt. Another reason for the increasing debt is the aging population.
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America's Debt Dilemma: Straining the US EconomyBy VARINDIA| 27 views
Banking Crisis – Who’s Next?
The fallout from the recent #bankingcrisis is likely to push the US economy into a mild recession later this year. After First Republic Bank became another victim of the banking crisis a couple of months after Jim Cramer endorsed it, several other large banks have been suffering major losses.
The stock of Los Angeles-based PacWest Bancorp bank’s share price has slumped after it said it has entered talks with potential partners and investors about strategic options. With this it has declined 55.63% in the last five days, while Metropolitan Bank Holding Corp has lost 26.84%, Comerica Incorporated 21.11%, and Western Alliance Bank corporation has erased 37.14%, as per the latest Google Finance data. The failures are the biggest to hit the US since the 2008 financial crisis.
First Republic bank failure means unfortunately that the other 'so-called' troubled regional banks should probably continue to sleep with one eye open. Experts say, if a 'confidence crisis' can happen to First Republic, it can happen to any bank in the country. Investors are speculating Who’s next?
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Labels & CopyrBy VARINDIA| 19 views
Worldwide services contracts touched $48 billion
There is a saying that every disruption brings new opportunities. We can keep a positive attitude and see problems as opportunities. Disruptive innovation is where you create a new market by focusing on a different set of values than that are currently applied in the existing market. This new market then ultimately takes over the existing market. If the demand cycle flips to a higher scale than what was seen during the Covid-19 pandemic, companies will be stretched too thin to manage their resources.
The U.S. economy contracted for a second straight quarter between April and June as per the government data, it is adding fuel to recession fears. Many blue-chip tech companies started hiring resources, to offer service contracts including managed services, third party outsourced jobs by setting up BPO and KPO, with this direct hiring by the large corporates to come down.
As per IDC, Worldwide Services Contracts Reached $48 Billion in the First Half of 2022 with Strong Growth in Average Deal Size. More than 720 managed services deals were signed worldwide in the first half of 2022 with $48 billion in contract value.
While the total number of deals declined compared to the same period in 2021, the average deal size increased by 20%. Moreover, the average deal size in terms of Total Contract Value has almost doubled when compared to the first half of 2021.
The impact of #COVID19 has accelerated the adoption of digital technologies, specifically focused on providing a digital workplace, to ensure the continuation of business and minimize disruptions while improving flexibility and enhancing productivity, says expert. The push to become a digital-first organization has created opportunities for managed service providers with the expertise and resources to facilitate these efforts.
About 94% of the 1H22 deals were in the IT Outsourcing market, while the remaining 6% were Business Outsourcing deals. The IT Outsourcing contracts werBy VARINDIA| 35 views
Charcha || मंदी की आहट बढ़ती छटपटाहट ! Dr Himanshu Dwivedi
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Follow us on KooBy Inh News| 91 views
అమెరికాలో సంక్షోభం | US Inflation Crisis: Is America Heading Towards a Recession? | Top Telugu TV
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Federal Reserve chair: Goal is to keep US economy in 'good place'
Federal Reserve Chairman Jerome Powell says the US economy is facing some risks at the moment, but overall it is in a "good place" and the Fed's main job is to "keep it there as long as possible." Powell notes that unemployment is at a half-century low and inflation is running close to the 2% target. He says that while Fed officials believe they have the correct strategy and tools to extend the current record-long expansion, it is important to examine whether any changes could improve the Fed's handling of the economy. Powell's comments came at the Fed's 12th listening session. Listen-in. (Text: AP/Video: Courtesy of Federal Reserve YouTube)
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Watch Federal Reserve chair: Goal is to keep US economy in 'good place' With HD QualityBy The Economic Times| 236 views
US Fed leaves interest rate unchanged, hints future cuts
The US Federal Reserve left its key interest rate unchanged Wednesday but signaled that it's prepared to start cutting rates if needed to protect the U.S. economy from trade conflicts and other threats. The Fed kept its benchmark rate _ which influences many consumer and business loans _ in a range of 2.25% to 2.5%, where it's been since December. US Federal Reserve chief Jerome Powell said that trade friction and slowing growth worldwide have led many central bankers to feel the case for an interest rate cut has "strengthened" but that they want to see more data before moving.
Watch US Fed leaves interest rate unchanged, hints future cuts With HD QualityBy The Economic Times| 164 views
Isolate Pakistan if it harbours terrorism, says US Congressman Scott Perry
Washington, DC (US): Scott Perry, a member of the US Congress from Pennsylvania, reaffirmed support to the religious and ethnic minorities, who came together on Tuesday to stop religious radicalism in South Asia, particularly in Pakistan. While speaking to ANI, Perry said, "Pakistan needs to be isolated among the community of nations if they continue to harbour terrorism."
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Watch Isolate Pakistan if it harbours terrorism, says US Congressman Scott Perry With HD QualityBy Catch News| 261 views
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Press Conference by Union Minister of Jal Shakti Shri Gajendra Singh Shekhawat at BJP HQ.By Bharatiya Janata Party Delhi| 74223 views