On 20 August, Sweden’s Riksbank took a quarter point off its policy interest rate, reducing it to 3.5 percent. The bank could make as many as three more cuts still this year in an attempt to revive the country’s feeble economy, bank officials said.
Tag: Global Economy
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GERMAN ECONOMY CONTINUES ITS TAILSPIN
S&P Global’s purchasing managers index combining Germany’s goods and services sectors slipped to 48.5 in August from 49.1 in July, falling below economists’ forecasts.
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GLOBAL ECONOMY BOUNCING BACK?
The world’s economy is showing signs of resilience, despite high interest rates and nations still struggling to recover their momentum, according to The Wall Street Journal.
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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.
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CHINA RESTRICTS EXPORT OF KEY INDUSTRIAL MINERAL
Beginning 15 September, China will restrict export of antimony, the commerce ministry announced last week.
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U.K. ECONOMY GROWS MORE THAN EXPECTED IN YEAR’S FIRST HALF
Britain’s GDP expanded by 0.6 percent during April, May, and June, nearly matching the first quarter’s 0.7-percent expansion and surprising analysts who had expected a more modest rise.
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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.
Post
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.
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GERMAN WAGES RISING FASTER THAN AT ANY TIME THIS CENTURY
Germany’s economy may be on the ropes, but workers’ wages there are projected to rise 5.6 percent this year, according to labor agreements negotiated during this year’s first half, labor-oriented research group WSI reported.