Last month, business activity shrank in the Eurozone’s formerly robust services sector, contracting along with manufacturing, according to the Hamburg Commercial Bank’s composite purchasing manufacturers index (PMI).
Category: TRENDS ON THE GLOBAL ECONOMIC FRONT – Dec 10 2024
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MORE EMERGING NATIONS FACE FISCAL CRISES, DEFAULT, WORLD BANK SAYS
High interest rates are pushing even more poor countries to the brink of financial collapse, the World Bank said in a 3 December report.
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GOING OUT OF BUSINESS TRENDS
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, increased minimum wage, 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
The retail, restaurant, manufacturing, automotive, and tech industries continue to be hit hard as prices increase and demand slows.
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SPOTLIGHT: CRYPTO NATION
On 5 December, bitcoin jumped to an intraday price of $103,800, gaining more than 50 percent since Donald Trump won the U.S. presidential election a month earlier.