Loan defaults and late payments are rising among Eurozone banks, with the lenders showing “early signs of stress” in their balance sheets, the European Central Bank (ECB) said in its semi-annual review of the industry’s financial stability.
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TOP TREND 2023, OFFICE BUILDING BUST: TROUBLED COMMERCIAL PROPERTY LOANS ARE INCREASING, ECB WARNS
Eurozone real estate companies are seeing mounting losses amid high interest rates, inflated operating costs, falling property values, and a weak rental market, the European Central Bank (ECB) reported.
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EUROZONE FALLING INTO A RECESSION: DRAGFLATION NEXT
As we had forecast when the European Central Bank began raising interest rates in July 2022, the EU would sink into recession. The Eurozone’s economy contracted by 0.1 percent in this year’s third quarter.
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INTEREST PAYMENTS ARE EATING GOVERNMENT BUDGETS
After piling up debt to fund COVID-era stimulus programs and health care costs, the world’s national governments will pay an additional $2 trillion in interest this year, according to data compiled by the International Monetary Fund and analyzed by research firm Teal Insights.
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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! As economies slow down, unemployment numbers will rise. And as we have detailed in this and previous Trends Journals, the slowdown has begun.
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U.S. GASOLINE PRICE FALLS: HOW LOW WILL THEY GO?
Adjusted for inflation, U.S. gasoline prices were 13 percent lower this Thanksgiving weekend than the same holiday a year ago, according to the U.S. Energy Information Administration (EIA).
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EVERYONE FEELS PAIN OF INFLATION BUT NOT EQUALLY
Because low-income households spend a greater share of their incomes on necessities, their actual rate of inflation has been greater than middle- and upper-income earners, CNBC reported.
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SINGLE-FAMILY HOME LANDLORD GANGS KEEP HIKING RENTS
After slowing or reversing rent increases earlier this year, investors owning single-family homes ratcheted up rates again in the third quarter.
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U.S. BUSINESS ACTIVITY HOLDS FIRM BUT THE ECONOMY IS SHEDDING JOBS
U.S. economic activity has remained positive in November, according to S&P Global Market Intelligence’s flash composite purchasing managers index (CPMI), which combines data from the manufacturing and services sectors.