As the COVID War ended, people vented their pent-up wanderlust, spending their savings and even going into debt to criss-cross the globe.
Tag: Global Economy
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VW MULLING ITS FIRST-EVER CLOSURE OF A GERMAN AUTO FACTORY
Volkswagen, one of Germany’s iconic car makers, is thinking about doing something it never has: shutting down one of its German factories.
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GERMAN EXPORTERS FACE A RECESSION, TRADE GROUP WARNS
Germany’s economic model is under “massive pressure” as manufacturers making goods for export face a recession, the Federation of German Wholesale, Foreign Trade and Services (BGA) warned on 4 September after new data showed foreign trade continuing to decay.
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EUROZONE INFLATION SLOWS TO 2.2 PERCENT IN AUGUST
After peaking at 10.6 percent in October 2022, inflation in the 20-country Eurozone slowed to 2.2 percent in August, moving down from 2.6 percent in July and nearly reaching the European Central Bank’s 2-percent target.
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COVID WAR HITS PLANTATION WORKERS OF SLAVELANDIA
Workers’ share of the world’s economic output fell following the COVID War and still has not recovered, according to a new report from the International Labor Organization (ILO).
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EUROZONE FACTORY ACTIVITY CONTRACTS AS ASIA, U.K. IMPROVE
The Hamburg Commerce Bank’s purchasing managers' index (PMI) for the 20-country Eurozone’s manufacturing industry rated factory activity at 45.8 in August, well below the 50 mark that separates decline from growth.
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EUROZONE’S SECOND-QUARTER GROWTH MISSES ESTIMATE
The economic output of the 20-country Eurozone grew just 0.2 percent in this year’s second quarter, Eurostat, the European Union’s statistics agency, reported after previously estimating a 0.3-percent expansion.
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HOUSING AFFORDABILITY TOP CONCERN
In a new Gallup survey, half the respondents in the world’s wealthiest countries—including 60 percent of U.S. residents—cited the lack of affordable housing as their chief worry, edging out education, healthcare, and other urgencies.
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GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that have profoundly affected the business community.
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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.