Again, the facts are in the data and the numbers are in the facts. The higher interest rates the deeper economies will decline and the higher the unemployment numbers will rise. Inflation and high interest rate hikes are causing companies in many sectors to lay off employees.
Tag: Economy
TOP TREND 2022, SELF-SUFFICIENT ECONOMIES: EU, LATIN AMERICAN LEADERS MEET THIS WEEK TO REVIVE ECONOMIC TIES
On Monday and Tuesday this week, more than 50 leaders from Latin America, Caribbean nations, and the European Union (EU) met in Brussels in the first such transatlantic summit since 2015 in an effort to smooth over differences and rebuild trade relationships.
SPOTLIGHT, TOP TREND 2023: OFFICE BUILDING BUST
The plunging number of people commuting five days a week to central offices could slash the value of office real estate by $800 billion in nine key cities by the end of this decade, according to an analysis by the McKinsey Global Institute.
ECONOMIC UPDATE — MARKET OVERVIEW
The true fear of an economic calamity on the near horizon was further clarified yesterday as gold once again illustrated its status as the world’s number one safe-haven asset.
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 during the COVID war when interest rates sank and governments pumped in countless trillions to artificially prop up sinking economies.
SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
China’s factory activity continued weak in June, although less so than in April and May, government figures showed. Exports shrank in May at an annual rate of 7.5 percent.
BOSSES REQUIRING EMPLOYEES TO RETURN TO THE OFFICE ARE LOSING WORKERS
Among employers who have forced employees to come back to a central office, 42 percent report losing more workers than they expected, according to a new survey from office consulting firm Unispace. Twenty-one percent said “key” staff members had quit.
TOP TREND 2023: OFFICE BUILDING BUST, HSBC LATEST TO FLEE LONDON’S CANARY WHARF
HSBC, Europe’s largest bank, announced on 26 June it will leave its self-named Canary Wharf headquarters and move its 8,000 staff members to smaller digs in “The City,” the London district equivalent to New York’s Wall Street.
MORE THAN 63 PERCENT OF NIGERIANS ARE “MULTIDIMENSIONALLY POOR,” STUDY SAYS
About 133 million people living in Nigeria—roughly 63 percent of the population—are “multidimensionally poor,” meaning they lack adequate food, sanitation, and health care, the country’s National Bureau of Statistics reported.
JAPAN’S ECONOMY EXPANDS MORE THAN PREDICTED, BUT…
Japan’s troubled economy grew at an annual pace of 2.7 percent during this year’s first quarter, according to revised government figures. The initial estimate was 1.6 percent.