About 54 percent of small and mid-size public companies and smaller private equity firms see 2025 as a good year for mergers and takeovers, according to a Citizens Financial survey.
Category: TRENDS ON THE GLOBAL ECONOMIC FRONT – Jan 14 2025
ARGENTINA’S MILEI ABOLISHES KEY TARIFFS
Javier Milei, Argentina’s maverick president, has abolished the country’s blanket tariff of 7.5 percent on imported goods and trimmed import duties on a broad range of items “from acne cream to funeral urns,” the Financial Times reported.
CHINESE BOND YIELD SINKS TO RECORD LOW AS ECONOMY DEFLATES
The yield on the bellwether 10-year Chinese government bond slumped to 1.6 percent as the new year began and has remained close to that level, signaling that investors have glum expectations for the country’s economic growth and a reversal in the deflation that has plagued the world’s second-largest economy, the Financial Times reported.
U.K. GOVERNMENT’S BORROWING COST REACHES 27-YEAR HIGH
On 7 January, the interest rate the British government offered on £2.25 billion in 30-year bonds climbed to 5.2 percent, the highest since 1998.
TOP TREND 2025, THE TRUMP CARD: NATO ALLIES MUST SPEND MORE ON DEFENSE, TRUMP INSISTS
Europe’s NATO members need to spend 5 percent of their GDPs on defense, not the current 2 percent that the countries have set as their threshold, Donald Trump told a 7 January press briefing.
OIL PRICES STRENGTHEN AS WEST RATCHETS UP RUSSIA SANCTIONS
On 10 January, the price of global benchmark Brent crude oil jumped 3.69 percent to $79.76 a barrel after the U.K. and U.S. placed additional sanctions on Russia’s oil and gas exports.
EUROZONE ECONOMY REMAINS IN DANGER, NEW DATA SHOWS
Despite a pickup in the services sector, the Eurozone’s economy closed 2024 with a variety of data pointing toward a grim year ahead.
GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that will profoundly affect the business community this year.
WHEN THE ECONOMY FALLS, JOBS GO WITH IT
The retail, restaurant, manufacturing, automotive, agricultural, and tech industries were hit hard with layoffs in 2024 as prices increased and demand slowed and will continue to see job cuts this year.