In December, electric vehicle (EV) sales in Germany plummeted by half, year on year. The plunge led EVs’ Europe-wide sales to shrink for the first time since 2020.
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GERMANY’S ECONOMY SHRANK BY 0.3 PERCENT IN 2023
Germany—battered by high interest rates, slowing global sales and continued high energy costs—Europe’s largest economy and the fourth largest one in the world... saw the heart of its manufacturing industry contract by 0.3 percent in 2023, according to the country’s National Statistics Office.
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DEBT BOMB READY TO EXPLODE
“We have a huge fiscal problem everywhere,” Tim Adams, CEO of the International Institute for Finance (IIF), said in a CNBC interview at the World Economic Forum earlier this month.
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GOING OUT OF BUSINESS TRENDS
In recent times, the economic landscape has presented an array of challenges that have profoundly affected the business community. Some of the most significant challenges include soaring inflation rates, escalating interest rates, looming fears of a recession, and a tangible decrease in revenues for many sectors…
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WHEN THE ECONOMY FALLS JOBS GO WITH IT
It’s global. The numbers are there for all to see. From developed to underdeveloped nations, economies are slowing down and/or contracting.
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MOST OF RECENT INFLATION DUE TO CORPORATE GREEDFLATION
In 2023’s second and third quarters, 53 percent of inflation was due to corporations jacking consumer prices to protect profits, according to a study by think tank Groundwork Collaborative (GC), which claims “resounding evidence” for the allegation.
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2023 HOME SALES WEAKEST SINCE 1995 BUT SELLING PRICES SET RECORD
In 2023, 4.09 million existing homes sold, the fewest since 1995, the National Association of Realtors (NAR) reported.
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AMERICANS BULLISH ON ECONOMIC FUTURE
Americans are feeling better about the economy than they have at any time since July 2021, the University of Michigan's monthly survey of consumer sentiment has found.
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NUMBERS GAME: U.S. HOLIDAY SALES BEAT FORECASTS
U.S. consumers spent 0.6 percent more in December than in November, a month in which shoppers raised their spending 0.3 percent from October.
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INTEREST ON NATIONAL DEBT EXCEEDS THREE-QUARTERS OF A TRILLION DOLLARS
The annual interest due on the U.S. national debt has reached $730.8 billion, a sum that exceeds the combined net worth of billionaires Jeff Bezos, Mark Cuban, Ray Dalio, Bill Gates, Ken Griffin, Elon Musk, George Soros, and Mark Zuckerberg, according to DailyWire.com.