With their country facing an extended period of economic uncertainty, well-off Chinese are sneaking cash out of the country with the help of people they have never met or even spoken to, using a system known as hawala.
Category: TRENDS ON THE GLOBAL ECONOMIC FRONT – Oct 10 2023
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SPOTLIGHT, TOP TREND 2023: OFFICE BUILDING BUST
The proportion of office workers returning to central offices at least some days each week rose last month to its largest since February 2020, The Wall Street Journal reported.
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WTO HALVES ITS PREDICTION FOR GLOBAL TRADE GROWTH THIS YEAR
The World Trade Organization (WTO) has cut its forecast for world trade growth by 50 percent this year amid a worldwide slowdown in manufacturing.
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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…all made worse by the COVID War which destroyed the lives and livelihoods of billions across the globe.
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WHEN THE ECONOMY FALLS JOBS GO WITH IT
As we note in this Trends Journal, while the report from the U.S. Labor Department showed a sharp increase in jobs last month, most of them were in the low paying hospitality, service, health and social services sectors.
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EUROZONE ECONOMY SHRANK IN THIRD QUARTER, PMI SHOWS
The 20-country Eurozone’s economy contracted in this year’s third quarter, according to a purchasing managers index (PMI) compiled by S&P Global for the Hamburg Commercial Bank (HBOC).