Category: TRENDS ON THE GLOBAL ECONOMIC FRONT – Feb 7 2023

Since England and Ireland left the European Union (EU) in January 2021, the two countries’ value of trade with the EU has fallen 7 percent, according to official government data.

The British economy is in recession and will be hard-pressed to grow even when the recession ends, the Bank of England (BoE) said this month in one of its most dismal forecasts on record.

In December, Germany’s trade surplus fell 6.3 percent from November, almost double the 3.3 percent analysts had expected.

Demand for mortgage loans in Europe fell by 74 percent in 2022’s final quarter, European Central Bank (ECB) data shows, the steepest quarterly drop since 2003 when the bank began tracking the figure.

Oh! What big news from the Presstitutes. Happy Days are here again in Europe. Inflation across the 19-member Eurozone eased to 8.5 percent in January, down from 9.2 percent in December, the European Union’s statistics office reported.

Central banks stockpiled gold last year at the fastest pace since 1955, driving demand for the metal to 4,741 tons, its highest since 2011 during the Great Recession, the World Gold Council said in a new report.

As Greenland’s ice sheet melts, the newly traversable land is swarming with explorers searching for deposits of the new gold—cobalt, copper, lithium, and other minerals needed to power the world’s electric future.

This is our 27th week reporting the long trend-line of layoffs that signal a further economic downturn in a country near you. Inflation and interest rate hikes are causing companies in many sectors to lay off employees.