Higher interest rates lasting for a longer period around the world means a hard slog for the global economy, World Bank officials warned at the beginning of the bank’s annual meeting last week.
Tag: Economy
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TOP TREND 2020, NEW WORLD DISORDER: CONFIDENCE IN ECONOMIC FUTURE LAGS
Economic growth in both advanced and emerging economies has ground to its slowest pace since the COVID War, according to the Brookings-Financial Times Tracking Index for the Global Economic Recovery.
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OIL PRICES PASS $90 AS MIDEAST WAR ESCALATES
The price of benchmark Brent crude oil broke through $90 on 13 October as Israel prepared to launch an armed assault in Gaza and speculation grew that Iran might intervene on behalf of terrorist group Hamas.
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WORLD ECONOMY IS “LIMPING”
Sustained high interest rates, the war in Ukraine, the unraveling of global trade networks, and now the new Mideast war have left the global economy “limping along, not sprinting,” the International Monetary Fund (IMF) said in an overview at its annual meeting last week.
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SPOTLIGHT, TOP TREND 2023: OFFICE BUILDING BUST
In this year’s third quarter, the proportion of office space standing vacant in San Francisco reached 20 percent, compared to 6.3 percent before the COVID War and the highest since 2003. New York City’s share of empty offices was 13.4 percent, also close to a 20-year record.
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SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
With their country facing an extended period of economic uncertainty, well-off Chinese are sneaking cash out of the country with the help of people they have never met or even spoken to, using a system known as hawala.
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SPOTLIGHT, TOP TREND 2023: OFFICE BUILDING BUST
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.
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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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