Storyteller. Former aviation and economics reporter who still digs data and travel. Knocking on strangers’ doors to sell Girl Scout cookies was good training.
Highlight 2/2 of new #WorldBank report: Rising debt is increasing borrowing costs, especially for emerging market and developing economies, which are forecast to see the slowest 2026 economic growth of 3.6% with per-capita income growth at its weakest pace since the pandemic.
Highlight 1/2 of new #WorldBank report: 2026 global economic growth is expected to slow from 2.9% in 2025 to 2.5%—the lowest rate
since the COVID-19 pandemic. “Risks to the outlook remain skewed to the
downside,” such as new geopolitical strains commodity market disruptions.
Highlight 1/2 of new #WorldBank report: 2026 global economic growth is expected to slow from 2.9% in 2025 to 2.5%—the lowest rate
since the COVID-19 pandemic. “Risks to the outlook remain skewed to the
downside,” such as new geopolitical strains commodity market disruptions.
Weekly Update:
➡️ Global growth at its lowest since COVID-19
➡️ Faster ports, stronger supply chains
➡️ In Yemen, a new hospital is a school, and a lifeline
➡️ Can preschool transform a country's future?
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U.S. #inflation increased 0.5 percent for the month of May but was up 4.2% over the year, mainly due to higher #energy costs. Heating oil rose 58.9% and unleaded gas rose 41.9%. And prices for meat, tomatoes, coffee and Jewelry all rose by double digits for the year.
The U.S. #economy added a more-than-expected 172,000 #jobs in May. The biggest job gains were in leisure and hospitality industries ( 70,000). And job revisions for April and March combined were 93,000 higher.
Latest #FederalReserve#BeigeBook: Economic activity increased slightly moderately in 10/12 districts. Data showed #consumerspending bifurcated by income, more #creditcard use and fewer #retail visits. Home, consumer and agricultural loan delinquencies are rising in some areas.
Here’s a sobering economic graph from Axios. Real per capita #disposableincome (money consumers can spend after taxes #inflation) fell 1.4% in April YOY, but has steadily declined since mid-2024. That supports a K-shaped #economy and is worrisome for overall #consumerspending.
Some recent CEO comments stand to remind us that most #economicdata lag reality. The CEOs of both #Target and #Walmart this week warned that consumers are feeling pressure from higher fuel prices and overall #inflation, which may affect future #retail spending. #economy
#FederalReserve#FOMC April minutes 1/2: Some members said recent investor withdrawals from private credit funds didn’t “appear to pose risks” to the broader financial system, but others worry that losses there could cause a broad credit contraction.
#FederalReserve#FOMC April minutes 2/2: Many members said AI-related business investments support economic growth, but some business reports note that AI adoption may spur hiring declines or delays.
Other Longwoods’ May #travel survey trends 3/3: Of people planning to travel in the next six months, 36% will choose destinations closer to home, 37% will trim the number of trips and 31% will reduce spending on entertainment during a trip.
Other Longwoods’ May #travel survey 2/3: 25% of US travelers say the Iran war means they’re less likely to travel internationally within 12 months. Of those, 39% will postpone an international trip, 19% will cancel one, 37% will replace an international trip with a domestic one.
Other Longwoods’ May #travel survey 2/3: 25% of US travelers say the Iran war means they’re less likely to travel internationally within 12 months. Of those, 39% will postpone an international trip, 19% will cancel one, 37% will replace an international trip with a domestic one.