Economic Outlook 2024: LBMC CEO Jeff Drummonds said changes are coming to Nashville businesses

Jeff Drummonds, outgoing CEO of LBMC, spoke with Nashville Business Journal Publisher Lori Becker at the NBJ’s Economic Outlook 2024 event on what businesses are predicting for the upcoming year and what they should keep an eye. The talk was anchored by the results of a study conducted by American City Business Journal, in partnership with LBMC. Nashville Business News – Local Nashville...

High interest rates and economic uncertainty are behind recent rise in corporate defaults

The corporate default rate is up and rising as interest rates remain elevated, making it more expensive for companies to refinance debt. International: Top News And Analysis

Kemal Dervis, Who Eased Turkey’s Economic Crisis, Dies at 74

Changes he spearheaded in 2001 helped avert disaster. He later led the United Nations Development Program. NYT > Obituaries

Greater Nashville’s top counties for economic growth

Several counties posted solid economic growth as the Covid-19 recovery ramped up, but some stood above the rest. Here’s a look at Greater Nashville’s top counties for economic growth. Nashville Business News – Local Nashville News | The Nashville Business Journal

PNC Bank economic advisor: This year likely to see more growth but 2023 is ‘pretty dicey’

PNC Bank’s senior economic advisor says the country is not in a recession, but 2023 could be a rocky year. Here’s what he expects to see in Nashville. Nashville Business News – Local Nashville News | The Nashville Business Journal

IMF slashes global GDP forecast as economic outlook grows ‘gloomy and more uncertain’

The International Monetary Fund on Tuesday cut its global growth projections for 2022 and 2023, dubbing the world’s economic outlook “gloomy and more uncertain.” International: Top News And Analysis

As economic concerns mount, here’s how job market is faring in Nashville

Businesses are growing more worried about a potential recession, but what does that mean for the local job market? Bizjournals.com Nashville RSS Feed

U.S. announces major Asia economic deal in effort to boost profile, counter China

In a move to raise its profile and create a counterbalance to China within Asia, the United States has announced the Indo-Pacific Economic Framework. International: Top News And Analysis

China’s economic data disappoint in April as Covid controls weigh

China reported a drop in retail sales and industrial production in April — far worse than analysts had expected. International: Top News And Analysis

Treasury yields dip, with focus on Covid outbreak in China and fears of economic slowdown

U.S. Treasury yields dipped on Tuesday, with investor focus remaining on the Covid-19 outbreak in China and concerns over a global economic slowdown. U.S. News

Inflation will go higher, but Ukraine conflict likely won’t halt economic growth in the U.S.

Could the Russia-Ukraine conflict somehow tip the U.S. economy into recession? It seems unlikely at this point, though anything is possible. U.S. News

A ‘perfect storm’ of economic hurdles choke business growth

Inflation is boosting the cost of everything from paper towels and chicken, to boats and homes. Yet consumers are still spending freely.        GANNETT Syndication Service