The proportion of office workers returning to central offices at least some days each week rose last month to its largest since February 2020, The Wall Street Journal reported.
Tag: Economy
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WTO HALVES ITS PREDICTION FOR GLOBAL TRADE GROWTH THIS YEAR
The World Trade Organization (WTO) has cut its forecast for world trade growth by 50 percent this year amid a worldwide slowdown in manufacturing.
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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…all made worse by the COVID War which destroyed the lives and livelihoods of billions across the globe.
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WHEN THE ECONOMY FALLS JOBS GO WITH IT
As we note in this Trends Journal, while the report from the U.S. Labor Department showed a sharp increase in jobs last month, most of them were in the low paying hospitality, service, health and social services sectors.
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EUROZONE ECONOMY SHRANK IN THIRD QUARTER, PMI SHOWS
The 20-country Eurozone’s economy contracted in this year’s third quarter, according to a purchasing managers index (PMI) compiled by S&P Global for the Hamburg Commercial Bank (HBOC).
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SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
Evergrande, China’s flamboyant, overleveraged property developer whose defaults in September 2021 set off a chain of collapses across the sector, announced last week it still owes tens of billions of dollars to contractors, lenders, and suppliers and that its chairman is under criminal investigation.
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SPOTLIGHT, TOP TREND 2023: OFFICE BUILDING BUST
Echoing Gerald Celente’s July 2020 forecast, Bloomberg’s Markets Live Pulse survey reports that a majority of 919 respondents believe that the market value of U.S. office buildings is due to crash.
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MEXICO’S CENTRAL BANK HOLDS INTEREST RATE AT 11.25 PERCENT
Last week, Banxico’s rate-setting committee voted unanimously to hold the central bank’s key interest rate at 11.25 percent for its fourth consecutive meeting, matching the unanimous expectation of 23 economists Bloomberg surveyed.
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TOP TREND 2023, GOING GREEN, LIKE IT OR NOT: CHINA’S LARGEST OIL COMPANY SAYS GASOLINE DEMAND IS PERMANENTLY DECLINING
Sinopac, China’s largest oil company, has calculated that the world’s gasoline demand has peaked as electric vehicles (EVs) have aggressively asserted their place in the global vehicle market.
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HAS THE POST-COVID TRAVEL BOOM PEAKED?
JetBlue Airways reported a downturn in U.S. domestic travel in August, while low-fare Spirit Airlines has issued a profit warning and has resorted to “deep discounting” to spur ticket sales.