Last month, economic activity picked up in China’s retail and travel industries as well as at computer chip and smartphone factories, the National Bureau of Statistics (NBS) has reported.
Tag: Economy
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U.K. ECONOMY SHRANK IN JULY AT FASTEST PACE THIS YEAR
In July, Britain’s economy contracted most sharply since December, with GDP puckering by 0.5 percent compared to July and busting analysts’ expectations of a 0.2-percent slide.
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EUROPEAN CENTRAL BANK RAISES INTEREST RATE TO RECORD HIGH
On 14 September, the European Central Bank (ECB) raised its key interest rate for the 10th time in as many meetings, bumping it by a quarter point to an even 4 percent, the highest since the euro currency was introduced in 1999.
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OIL SUPPLIES WILL REMAIN SHORT OF DEMAND
Since January, oil production cuts by the Organization of Petroleum Exporting Countries have subtracted 2.5 million barrels a day from the world’s oil supply, the International Energy Agency (IEA) has calculated.
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WHEN THE ECONOMY FALLS JOBS GO WITH IT
This is the 54th week that we have been reporting job losses. And as we note in this Trends Journal, the outlook for hiring workers for the holiday season is at a Panic of ’08 low.
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MONEY MARKET FUNDS UP $1 TRILLION THIS YEAR
Money market funds’ assets have grown by $1 trillion so far this year, the Financial Times reported, and are poised to end this year with an additional $1.5 trillion if the current pace of deposits continues.
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SPOTLIGHT: BIGS GETTING BIGGER
As we had long forecast, the higher central banks raise interest rates, the lower the Merger and Acquisition trend… which hit record highs at the height of the COVID War in 2021 when interest rates sank and governments pumped in countless trillions to artificially prop up sinking economies.
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TOP TREND 2023, OFFICE BUILDING BUST: TENANTS SIGNING MORE OFFICE LEASES BUT FOR LESS SPACE
In this year’s second quarter, U.S. businesses signed new leases for about 97.5 million square feet, approaching twice the 57.4 million that marked the low point during the COVID War, data service CoStar reported.
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SPOTLIGHT: BIGS GETTING BIGGER
As we had long forecast, the higher central banks raise interest rates, the lower the Merger and Acquisition trend… which hit record highs at the height of the COVID War in 2021 when interest rates sank and governments pumped in countless trillions to artificially prop up sinking economies.
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SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
We have repeatedly provided Trends Journal subscribers with details and facts of China’s economic rise and fall. For over a decade we had forecast that while the 20th century was the American century, the 21st century would be the Chinese century... because the business of China is business while the business of America has been war.