FLORIDA Current News: $1.8 Billion Firms Closing, $8 Billion Worth Leaving – WSJ
Time: A new wave of bankruptcies is starting to show up in the U.S. economy.
At least half of all bankruptcies have been filed since the start of the year, according to a study from Moody’s Analytics.
That’s up from 34 percent in March and the most recent month, according a report by the Boston Consulting Group.
The downturn has been fueled by the decline of oil prices and a slowing economy that’s slowed economic growth.
The U.K. has also seen a significant drop in bankruptcies in the first half of the calendar year.
This is partly because of the government shutdown and a slowdown in new business in the financial sector.
But some economists have argued that the U:S.
may have reached a peak for the economy.
A new survey by the Pew Research Center, based on interviews with about 100,000 adults, found that 47 percent of respondents said the U.:S.
is now “at a point of diminishing returns.”
Some analysts have suggested that the economic downturn has also helped push Americans into a recession, which would be bad news for a government that needs to help consumers.
Some economists also argue that the economy is at a tipping point and that there is little chance that the Federal Reserve will raise interest rates anytime soon.
For the latest economic news, visit WSJ.com.
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