Economic Forecast news and trends

Only 26% of Main Street Businesses Have Access to 60 Days of Cash
SMBs // April 07, 2023

  Main Street USA is operating on the edge, and most are concerned about the impacts of inflation and the uncertain economic forecast. Most small to midsized businesses (SMBs) that line Main Streets across the country have access to enough cash reserves to stay open...

Goldman Sachs Drops GDP Estimate; Expects Lower Growth This Quarter
Economy // July 06, 2020

Goldman Sachs economists have revised their forecast for 2020’s economy downwards, but still think things could be back on track by around September, Bloomberg reports. Goldman Sachs said the new restrictions imposed by some states to help curb fresh outbreaks of the coronavirus could help,...

IMF Forecasts Decrease In Growth For Slowed Global Economy In 2019
Economy // April 09, 2019

The International Monetary Fund (IMF) has released a new forecast about worldwide economic growth that shows the global economy is faltering, according to a report in The Wall Street Journal.   In its latest World Economic Outlook report, the IMF cuts its 2019 outlook for...

Small Biz Hiring Stalls
B2B Payments // August 07, 2017

The tides are turning for small businesses in the U.S. After a spout of optimism, the latest data find a downturn in SMB hiring growth. New research from CBIZ and Paychex, released last week, paints a picture of the small business community that some may...

Quick Reads
Goldman Sachs Drops GDP Estimate; Expects Lower Growth This Quarter

July 06, 2020
Goldman Sachs economists have revised their forecast for 2020’s economy downwards, but still think things could be back on track by around September, Bloomberg reports. Goldman Sachs said the new restrictions imposed by some states to help curb fresh outbreaks of the coronavirus could help, a report published by a team led by economist Jan […]

IMF Forecasts Decrease In Growth For Slowed Global Economy In 2019

April 09, 2019
The International Monetary Fund (IMF) has released a new forecast about worldwide economic growth that shows the global economy is faltering, according to a report in The Wall Street Journal....

American Consumers Bought More Than Expected In Second Quarter

August 03, 2016
American consumers bought more goods and services in the second quarter of 2016, according to a report on Tuesday (Aug. 2) from Reuters. The numbers seem to show the strength...