Simply Economics

In today's episode, we delve into the World Bank's alarming report on the global economic slowdown, with growth projections at their weakest since 2008. We also explore the U.S. economic landscape, where the labor market is cooling amid inflation concerns and widespread layoffs in retail and tech sectors. Join us as we discuss the implications of these developments and the potential for future federal interventions.

Sources:

https://www.worldbank.org/en/news/press-release/2025/06/10/global-economic-prospects-june-2025-press-release

https://media.un.org/unifeed/en/asset/d340/d3406275

https://www.worldbank.org/en/publication/global-economic-prospects

https://openknowledge.worldbank.org/entities/publication/a2c8fea0-4059-490f-879f-4fda91c67313

https://www.bpc.cc/news/business-news/archive/article/2025/June/global-economy-set-for-weakest-run-since-2008-warns-world-bank

https://www.theasset.com/article/54217/world-bank-warns-of-weakest-global-growth-in-17-years

https://finimize.com/content/world-bank-lowers-global-growth-forecasts-amid-trade-tensions

https://openknowledge.worldbank.org/entities/publication/a2c8fea0-4059-490f-879f-4fda91c67313

https://www.worldbank.org/en/publication/global-economic-prospects

https://thedocs.worldbank.org/en/doc/8bf0b62ec6bcb886d97295ad930059e9-0050012025/related/GEP-June-2025-Analysis-EAP.pdf

https://apiapsmiphacon2024.com/the-1000-stimulus-check/

https://www.marca.com/en/lifestyle/us-news/personal-finance/2025/06/10/68487490ca4741b77c8b45e6.html

https://www.fingerlakes1.com/2025/06/12/irs-june-2025-payment-tracker/

https://economictimes.com/news/international/us/google-layoffs-2025-tech-titan-offers-buyouts-to-u-s-employeesare-layoffs-next-google-news/articleshow/121779133.cms

https://www.the-independent.com/news/world/americas/store-closures-retail-layoffs-economy-b2767340.html

https://fortune.com/2025/06/10/paramount-layoffs-june-2025/

https://techcrunch.com/2025/06/16/tech-layoffs-2025-list/

https://kleanindustries.com/insights/market-analysis-reports/recent-corporate-layoffs-major-company-cuts-2025/

In today's episode, we explore the resilience of the U.S. labor market as it adds 139,000 jobs in May, defying cooling trends. We also discuss the U.S. stock market rally driven by a strong job report and the easing of tensions between President Trump and Elon Musk. Additionally, we delve into the OECD's projections of slowing global economic growth and the factors contributing to this trend. Join us for these insights and more on Simply News Radio.

Sources:

https://www.stlouisfed.org/on-the-economy/2025/jun/flash-report-may-unemployment-flows-suggest-some-labor-market-weakening

https://www.staffingindustry.com/research/research-reports/americas/june-2025-us-jobs-report

https://www.bls.gov/news.release/empsit.nr0.htm

https://www.bls.gov/news.release/pdf/empsit.pdf

https://www.reveliolabs.com/news/macro/jobs-outlook-june-2025/

https://eyeonhousing.org/2025/06/u-s-economy-added-139000-jobs-in-may/

https://www.bls.gov/news.release/empsit.nr0.htm

https://www.bls.gov/news.release/pdf/empsit.pdf

https://www.ainvest.com/news/jobs-report-won-fed-breathe-3-8-wage-growth-means-rates-stay-high-longer-2506/

https://www.ainvest.com/news/labor-market-resilience-treasury-yields-navigating-fed-policy-crosscurrents-2025-2506/

https://fortune.com/2025/06/08/stock-market-today-dow-futures-sp500-record-high-us-china-trade-talks-inflation-cpi/

https://www.morningstar.com/markets/june-2025-us-stock-market-outlook-has-storm-passed

https://www.dwassetmgmt.com/blog/midday-market-roundup-for-friday-june-6-2025

https://www.nasdaq.com/articles/stocks-rally-strong-us-jobs-report-alleviates-growth-concerns

https://www.thestreet.com/investing/stock-market-today-musk-trump-feud-hits-stocks-but-employment-numbers-are-good

https://www.axios.com/2025/06/03/trump-tariffs-growth-oecd

https://www.oecd.org/en/about/news/press-releases/2025/06/global-economic-outlook-shifts-as-trade-policy-uncertainty-weakens-growth.html

https://www.un.org/development/desa/dpad/publication/world-economic-situation-and-prospects-june-2025-briefing-no-190/

https://www.oecd.org/en/publications/oecd-economic-outlook-volume-2025-issue-1_83363382-en.html

https://www.ecb.europa.eu/press/projections/html/ecb.projections202506_eurosystemstaff~16a68fbaf4.en.html

In today's episode, we explore the resilience of the U.S. labor market in May 2025, with job growth surpassing expectations despite a cooling trend. We also discuss the Atlanta Federal Reserve's optimistic GDP growth forecast. Additionally, we delve into the United Nations Conference on Trade and Development's call for enhanced ocean economic governance and climate-adaptive investments. Join us for these stories and more on Simply News Radio.

Sources:

https://www.investopedia.com/may-2025-jobs-report-preview-11748880

https://www.bls.gov/news.release/pdf/empsit.pdf

https://unctad.org/system/files/official-document/ditcinf2025d4.pdf

https://unctad.org/topic/trade-analysis

https://www.polity.org.za/article/global-trade-update-june-2025-sustainable-ocean-economy-2025-06-06

https://www.instagram.com/p/DKeWdZSN8OG/

https://unctad.org/news/rising-tide-growing-risks-ocean-economy-faces-pressure-and-fragmentation

In this episode, we delve into the latest US jobs report, revealing a surprising increase in nonfarm payrolls for May 2025. Despite this positive news, global economic growth is projected to slow, with inflation concerns rising due to increased trade costs. We explore the implications of these trends with expert analysis and discuss the OECD's sobering economic outlook for the coming years. Join us for a comprehensive look at the current state of the global economy and what it means for the future.

Sources:

https://www.bls.gov/news.release/archives/empsit_06062025.htm

https://www.forex.com/en-us/news-and-analysis/us-non-farm-payrolls-nfp-report-preview-may-2025/

https://www.bls.gov/news.release/empsit.nr0.htm

https://www.morningstar.com/economy/may-us-jobs-report-139000-rise-payrolls

https://www.fxstreet.com/news/nonfarm-payrolls-set-to-show-us-labor-market-weakened-in-may-as-tariff-policy-weighs-202506060500

https://www.fxstreet.com/news/nonfarm-payrolls-set-to-show-us-labor-market-weakened-in-may-as-tariff-policy-weighs-202506060500

https://www.morningstar.com/markets/forecasts-may-jobs-report-show-employers-cautious-tariff-impact-yet-be-felt

https://www.forex.com/en-us/news-and-analysis/us-non-farm-payrolls-nfp-report-preview-may-2025/

https://www.bls.gov/news.release/archives/empsit_06062025.htm

https://www.bls.gov/news.release/empsit.nr0.htm

https://www.oecd.org/en/publications/oecd-economic-outlook-volume-2025-issue-1_83363382-en.html

https://www.oecd.org/content/dam/oecd/en/publications/reports/2025/06/oecd-economic-outlook-volume-2025-issue-1_1fd979a8/83363382-en.pdf

https://www.statista.com/chart/34558/global-gdp-growth-projections/

https://www.oecd.org/en/publications/2025/06/oecd-economic-outlook-volume-2025-issue-1_1fd979a8/full-report/general-assessment-of-the-macroeconomic-situation_3e68d1e3.html

https://www.foxbusiness.com/economy/us-economic-growth-forecast-cut-sharply-oecd-due-higher-tariffs

https://www.oecd.org/en/data/insights/statistical-releases/2025/06/consumer-prices-oecd-updated-5-june-2025.html

https://democrats.org/news/icymi-trumps-disastrous-economy-is-only-going-to-get-worse/

https://www.euronews.com/business/2025/06/03/oecd-outlook-can-the-global-economy-survive-trade-pressures-in-2025

https://www.oecd.org/en/about/news/press-releases/2025/06/global-economic-outlook-shifts-as-trade-policy-uncertainty-weakens-growth.html

https://tradingeconomics.com/country-list/inflation-rate?continent=g20.

In today's episode, we explore the projected slowdown of the US economy, with growth expected to drop to 1.6% by 2025. We also delve into the eurozone's modest growth in early 2025 and the European Central Bank's decision to cut its deposit rate as inflation eases. Join us as we discuss the factors contributing to these economic trends, including trade policies, inflation concerns, and global economic uncertainties. Tune in for a comprehensive analysis of the economic outlook for the US and Europe.

Sources:

https://www.axios.com/2025/06/03/trump-tariffs-growth-oecd

https://www.oecd.org/en/about/news/press-releases/2025/06/global-economic-outlook-shifts-as-trade-policy-uncertainty-weakens-growth.html

https://www.oecd.org/en/publications/oecd-economic-outlook-volume-2025-issue-1_83363382-en.html

https://www.foxbusiness.com/economy/us-economic-growth-forecast-cut-sharply-oecd-due-higher-tariffs

https://www.statista.com/chart/34557/oecd-real-gdp-growth-projections/

https://www.ecb.europa.eu/press/projections/html/ecb.projections202506_eurosystemstaff~16a68fbaf4.en.html

https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2025/html/ecb.is250605~f00a36ef2b.en.html

https://www.oecd.org/en/publications/oecd-economic-outlook-volume-2025-issue-1_83363382-en/full-report/euro-area_b33827ba.html

https://www2.deloitte.com/us/en/insights/economy/emea/eurozone-economic-outlook.html

https://www.staffingindustry.com/news/global-daily-news/eu-and-euro-area-gdp-on-the-rise-in-q1

https://www.bis.org/review/r250602e.htm

https://www.euronews.com/business/2025/06/05/ecb-lowers-rates-for-the-eighth-time-as-trade-tensions-threaten-growth

https://www.ecb.europa.eu/press/pr/date/2025/html/ecb.mp250605~3b5f67d007.en.html

https://www.imf.org/en/Blogs/Articles/2025/06/03/a-united-europe-can-shape-the-global-economy

https://www.scotiabank.com/ca/en/about/economics/economics-publications/post.other-publications.international-economics.europe-.ecb--june-5-2025-.html

https://www.ecb.europa.eu/press/projections/html/ecb.projections202506_eurosystemstaff~16a68fbaf4.en.html

https://www.euronews.com/business/2025/06/05/ecb-lowers-rates-for-the-eighth-time-as-trade-tensions-threaten-growth

In today's episode, we delve into the U.S. economic slowdown as new tariffs and policy changes take effect. The OECD revises its GDP growth forecast, highlighting a concerning economic trajectory. We explore the factors contributing to this slowdown, including rising tariffs and inflation, and discuss the potential for stagflation. Join us as we analyze the resilience of certain regions and sectors, and consider the global implications of these economic challenges.

Sources:

https://abcnews.go.com/Business/us-economic-outlook-slashed-oecd-trumps-tariffs-upend/story?id=122443152

https://www.businessinsider.com/trump-tariffs-us-economy-growth-oecd-forecasts-inflation-jobs-incomes-2025-6

https://www.foxbusiness.com/economy/us-economic-growth-forecast-cut-sharply-oecd-due-higher-tariffs

https://heathercoxrichardson.substack.com/p/june-4-2025

https://www.investopedia.com/federal-reserve-the-economy-is-slowing-as-companies-can-t-figure-out-the-rules-of-this-tariff-game-11748450

In today's episode, we delve into the OECD's latest report highlighting a resurgence of global inflationary pressures, particularly in the U.S., due to increased trade barriers. We explore the economic implications of these trends and discuss the OECD's recommendations for policymakers to prioritize reducing trade barriers to foster growth and stabilize prices. Join us for an in-depth analysis of these pressing global economic challenges.

Sources:

https://www.oecd.org/en/publications/oecd-economic-outlook-volume-2025-issue-1_83363382-en/full-report/general-assessment-of-the-macroeconomic-situation_3e68d1e3.html

https://www.oecd.org/content/dam/oecd/en/publications/reports/2025/06/oecd-economic-outlook-volume-2025-issue-1_1fd979a8/83363382-en.pdf

https://www.wsws.org/en/articles/2025/06/04/dcrn-j04.html

https://www.oecd.org/en/publications/oecd-economic-outlook-volume-2025-issue-1_83363382-en/full-report/turkiye_2d44f583.html

https://www.ainvest.com/news/oecd-slashes-growth-forecasts-tariff-turmoil-clouds-global-outlook-2506/

https://www.euronews.com/business/2025/06/03/oecd-outlook-can-the-global-economy-survive-trade-pressures-in-2025

https://www.cbsnews.com/news/oecd-us-economic-forecast-trump-tariffs-2025-2026/

https://www.un.org/development/desa/dpad/publication/world-economic-situation-and-prospects-june-2025-briefing-no-190/

https://www.morganstanley.com/insights/articles/economic-outlook-midyear-2025

https://www.oecd.org/en/publications/oecd-economic-outlook-volume-2025-issue-1_83363382-en.html

In today's episode, we delve into the OECD's latest Economic Outlook, highlighting a more cautious global growth forecast due to rising trade barriers. We also examine the ongoing contraction in the US manufacturing sector, with the latest PMI data indicating persistent challenges. Additionally, we explore the easing inflation trends in the US and their potential impact on Federal Reserve policies. Join us for an in-depth analysis of these pressing economic issues.

Sources:

https://www.oecd.org/en/about/news/media-advisories/2025/05/oecd-to-release-latest-economic-outlook-on-tuesday-3-june-2025.html

https://www.oecd.org/en/publications/oecd-economic-outlook-volume-2025-issue-1_83363382-en.html

https://www.forexlive.com/news/oecd-cuts-global-outlook-as-trump-tariffs-bite-at-us-growth-20250603/

https://www.oecd.org/en/about/newsroom.html

https://www.youtube.com/watch?v=ooppJsAyI-Q

https://www.manufacturingdive.com/news/ism-s-and-p-pmi-may-2025-trump-tariffs/749549/

https://www.advisorperspectives.com/dshort/updates/2025/06/02/ism-manufacturing-pmi-contracts-may-2025?topic=covid-19-coronavirus-coverage

https://www.advisorperspectives.com/dshort/updates/2025/06/02/sp-global-manufacturing-pmi-may-2025

https://www.pmi.spglobal.com/Public/Home/PressRelease/ed3c6f6ea79843648c9b8b98824d74f7

https://tradingeconomics.com/united-states/manufacturing-pmi

https://www.morningstar.com/economy/april-pce-report-pce-inflation-index-up-21-softer-than-expected

https://www.fxstreet.com/news/us-core-pce-inflation-likely-steady-in-april-as-markets-price-federal-reserve-rate-cut-for-september-202505300600

https://www.foxbusiness.com/economy/april-2025-pce-inflation

https://www.bea.gov/news/2025/personal-income-and-outlays-april-2025

https://www.metatradingclub.com/april-pce-price-index/

In today's episode, we delve into the complexities of the global economy as the U.S. faces employment challenges amid a declining PMI. We explore the European Central Bank's anticipated interest rate cut and its implications for the eurozone. Meanwhile, the Bank of Canada grapples with mixed signals ahead of its rate decision. Join us for an in-depth analysis of these pivotal economic developments and their potential impacts.

Sources:

https://www.spglobal.com/marketintelligence/en/mi/research-analysis/week-ahead-economic-preview-week-of-2-june-2025.html

https://features.financialjuice.com/2025/05/30/week-ahead-economic-indicators-2nd-june-6th-june-us/

https://www.morningstar.com/news/dow-jones/202506011051/week-ahead-for-fx-bonds-us-jobs-data-likely-ecb-rate-cut-in-focus

https://upstox.com/news/business-news/economy/manufacturing-pmi-falls-to-3-month-low-amid-softer-growth-in-output-orders/article-171181/

https://www.investing.com/analysis/week-ahead-us-jobs-pmis-and-wage-data-could-challenge-feds-softlanding-hopes-200661527

https://www.france24.com/en/live-news/20250602-ecb-expected-to-cut-rates-again-as-trump-trade-war-rumbles-on

https://sofokleous10.gr/2025/06/01/ecb-possible-new-interest-rate-cut-on-thursday-expectation-of-further-reduction-in-inflation/

https://think.ing.com/articles/ecb-to-cut-rates-by-25bp-next-week-with-questions-about-the-direction-of-travel/

https://www.morningstar.co.uk/uk/news/265571/will-the-ecb-cut-interest-rates-again-on-june-5.aspx

https://www.ainvest.com/news/ecb-cut-rates-25bp-eurozone-faces-trade-war-challenges-2506/

https://www.fxstreet.com/news/usd-cad-falls-to-near-13700-as-traders-expect-boc-to-keep-rates-steady-in-june-202506020439

https://www.bankofcanada.ca/2025/05/financial-stability-report-2025/

https://www.morningstar.ca/ca/news/265553/will-the-bank-of-canada-cut-interest-rates%C2%A0.aspx

https://www.firstnational.ca/commercial/resources-insights/article/on-the-radar--will-the-bank-of-canada-cut-rates-on-june-4

https://cdhowe.org/publication/mpcmay29/

Explore the dramatic surge in US foreign investment, with net inflows reaching $350 billion, and its implications for global markets. Delve into the eurozone's economic stagnation and the European Central Bank's anticipated rate cut. Plus, understand the weakening US dollar's impact on international trade and currency markets. Join us for an in-depth analysis of these pivotal economic developments.

Sources:

https://www.ubs.com/us/en/assetmanagement/insights/market-updates/articles/2025-06-macro-monthly.html

https://www.marctomarket.com/2025/05/june-2025-monthly.html

https://afsa.org/advancing-us-economic-interests-overseas-era-rising-tariffs

https://www.nb.com/handlers/documents.ashx?id=8b8ad3e7-59aa-4a02-97e6-da5ece862508

https://sundayguardianlive.com/business/fpi-inflows-peaked-in-may-2025-says-nsd

https://www2.deloitte.com/us/en/insights/economy/emea/eurozone-economic-outlook.html

https://www.euronews.com/business/2025/05/30/eurozone-disinflation-on-track-as-price-pressures-ease-in-germany-italy-and-spain

https://economic-research.bnpparibas.com/html/en-US/updated-scenario-forecasts-Economic-Research-19-2025-5/19/2025,51187

https://www.markets.com/news/week-ahead-ecb-interest-rate-decision-and-u-s-nfp-in-spotlight/

https://www.morningstar.co.uk/uk/news/265519/eurozone-inflation-what-to-expect-from-mays-data.aspx

https://www.forex.com/en-us/news-and-analysis/forex-seasonality-june-2025-bullish-tailwinds-for-eurusd-audusd/

https://www.morganstanley.com/insights/articles/investment-outlook-midyear-2025

https://www.marctomarket.com/2025/05/june-2025-monthly.html

https://www.dailyforex.com/forex-technical-analysis/2025/06/usdzar-monthly-forecast-01-june-2025/228995

https://www.careedgeglobal.com/upload/RatingReportPDF/Shifting%20Tides%20in%20Currency%20Markets-%20CareEdge%20Report.pdf