As we had long forecast, the higher central banks raise interest rates, the lower the Merger and Acquisition trend... which hit record highs during the COVID war when interest rates sank and governments pumped in countless trillions to artificially prop up sinking economies.
Category: 20 June 2023
New data shows China’s post-COVID economic recovery has vanished and is now weakening across a broad range of sectors, leaving it “teetering on the brink of deflation,” CNBC reported.
The central bank’s higher interest rates and the cost of cleaning up after floods and a cyclone sank New Zealand’s economy into a recession during the first three months of this year.
The Bank of Japan (BoJ) held its key interest rate at -0.1 percent last week, continuing to defy the trend set by most other developed economies to raise rates to combat inflation.
Eurozone banks must repay €476.8 trillion worth of COVID-era loans to the European Central Bank on 28 June.
A modest recovery in the U.K.’s service sector let the nation avoid a recession, at least for now.
The benchmark price of natural gas in Europe more than doubled in ten trading days this month, jumping 27 percent on 15 June alone.
On 15 June, as economists expected, the European Central Bank raised its deposit rate by a quarter point to 3.5 percent, its highest in two decades.
Over the next five years, global demand for oil will virtually stop growing, the International Energy Agency (IEA) has predicted, as electric vehicles (EVs), biofuels, and energy efficiency permeate the energy economy.
As equity markets rise and with the “good news” that inflation is falling, on the employment front, the firing binge continues…