When the COVID War was launched in January 2020, and politicians across the globe enforced draconian lockdown mandates, among them forcing people to stay in their homes and not go to work, we had forecast and Office Building Bust...
Category: TRENDS ON THE GLOBAL ECONOMIC FRONT – Jan 9 2024
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BANKRUPTCIES SURGE PAST 2008 LEVELS
In 2023, the global number of business bankruptcies surpassed the level reached in 2008 during the Great Recession.
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WHO PROFITED MOST IN 2023 AND HOW
Last year, the richest 500 companies worldwide pocketed $2.9 trillion in profits, according to a study by GrowAndConvert.com. U.S. Fortune 500 businesses accounted for 38 percent of the take, with just 10 U.S. businesses banking half of that 38 percent.
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BRICS TRADE BLOC ADDS FIVE MEMBER COUNTRIES
The so-called BRICS trade bloc, begun as a coalition of Brazil, Russia, India, China, and South Africa, added five new members recently.
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MORE BIG U.K.COMPANIES WILL FAIL THIS YEAR
High borrowing costs and penny-pinching consumers will combine to drive more large British corporations into insolvency this year, several U.K. bankruptcy specialists told Yahoo.
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OCEAN FREIGHT RATES SOAR AS MISSILES FLY IN THE RED SEA
After Yemen’s Houthi rebels launched missiles at U.S. ships in the Red Sea last month, cargo ships abandoned routes that include the Suez Canal and rerouted them around the southern tip of Africa.
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EUROZONE’S INFLATION ACCELERATED AT YEAR END
Inflation across the 20 countries sharing the euro currency sped up to 2.9 percent in December, year on year, after notching 2.4 percent in November.
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GLOBAL MANUFACTURING CRAWLED ACROSS 2023’S FINISH LINE
The world’s manufacturers finished the old year with a whimper, not a bang.
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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…
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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. Numerous companies across the tech, media, finance, and retail industries made significant cuts in 2023 and will continue the trend this year.