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Economic Research Bureau Says US Is Officially In Recession

PYMNTS

NBER defines a recession as a “significant decline in economic activity spread across the economy, normally visible in production, employment and other indicators. NBER defines a recession as a “significant decline in economic activity spread across the economy, normally visible in production, employment and other indicators.

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Sweden?s Economy Grew In Q1 In Absence Of Lockdown

PYMNTS

Sweden is winning the race among European nations to restore the economy from the coronavirus pandemic, according to data published on Friday (May 29), CNBC reported. percent in the first quarter, compared to the last quarter of 2019. percent from January through March. . Sweden’s GDP grew a modest 0.1 percent in Q1. percent. .

Economy 78
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FinTech Wales Supports Future Finance To Improve Understanding Around AI and Blockchain

The Fintech Times

Future Finance is a collaborative research project aiming to support mid-tier organisations and small to medium-sized businesses (SMEs) in the UK financial services sector to adopt innovative processes and products that improve accessibility of their services.

AI 95
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Digital-First Economy Redefines Retail And Consumer Behavior

PYMNTS

When it’s said and done there was only one story that mattered in the retail universe this year and it was the rise of the digital-first economy. The latest research shows 40 percent of surveyed shoppers report doing fewer activities in stores and more activities online — this is up from the 12 percent who reported doing so on March 6.

Economy 118
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Household Debt Exceeds $14T After 2019 Spike

PYMNTS

In 2019, balances surpassed $14 trillion for the first time. When we focus on low unemployment and the strong economy, we often forget that in many ways, the rising costs of life can erode most of those gains,” Skylar Olsen, Zillow’s director of economic research, said in a press release. Household debt in the U.S.

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U.S. Credit Scoring Trends to Watch in 2019

FICO

After a 2018 that had its highs and lows, what might 2019 have in store from a credit risk management standpoint? In 2019, enhanced credit underwriting via digitally contributed-consumer data will hit the mainstream. We will be closely monitoring the odds-to-score relationship in 2019. revolver vs. transactor).

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US Bank Business Loans Stalled In Latter Half Of 2019

PYMNTS

business loans and capital investment have essentially plateaued in the second half of 2019, in what experts say is a reflection of the slowing industrial economy. The general trend is related to the slowing economy, with analysts saying that the year’s decline came from contracting U.S. Trade disputes between the U.S.