After peaking at 10.6 percent in October 2022, inflation in the 20-country Eurozone slowed to 2.2 percent in August, moving down from 2.6 percent in July and nearly reaching the European Central Bank’s 2-percent target.
Category: TRENDS ON THE GLOBAL ECONOMIC FRONT – Sep 10 2024
Post
COVID WAR HITS PLANTATION WORKERS OF SLAVELANDIA
Workers’ share of the world’s economic output fell following the COVID War and still has not recovered, according to a new report from the International Labor Organization (ILO).
Post
EUROZONE FACTORY ACTIVITY CONTRACTS AS ASIA, U.K. IMPROVE
The Hamburg Commerce Bank’s purchasing managers' index (PMI) for the 20-country Eurozone’s manufacturing industry rated factory activity at 45.8 in August, well below the 50 mark that separates decline from growth.
Post
EUROZONE’S SECOND-QUARTER GROWTH MISSES ESTIMATE
The economic output of the 20-country Eurozone grew just 0.2 percent in this year’s second quarter, Eurostat, the European Union’s statistics agency, reported after previously estimating a 0.3-percent expansion.
Post
HOUSING AFFORDABILITY TOP CONCERN
In a new Gallup survey, half the respondents in the world’s wealthiest countries—including 60 percent of U.S. residents—cited the lack of affordable housing as their chief worry, edging out education, healthcare, and other urgencies.
Post
GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that have profoundly affected the business community.
Post
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.
Post
TOP TREND 2024, A GOLDEN YEAR FOR GOLD: CENTRAL BANKS STILL STOCKPILING GOLD, EVEN AT RECORD PRICES
The world’s central banks more than doubled their July purchases of gold to 37 tonnes as gold prices set new records during the month.