It’s global. The numbers are there for all to see. From developed to underdeveloped nations, economies are slowing down and/or contracting.
Tag: Global Economy
Post
GERMAN CARMAKERS SEE SALES SLIDE
German auto companies BMW, Mercedes-Benz, and Volkswagen reported fewer sales in this year’s second quarter than during the same period last year. The drop was due significantly to decreased sales in China, which has become a key market for the companies in recent years.
Post
IEA CUTS OIL DEMAND FORECAST, SEES LARGER GLUT NEXT YEAR
The International Energy Agency (IEA) has cut its forecast for growth in oil demand next year from 1 million barrels a day to 980,000, “reinforcing its expectations of a major glut this decade,” The Wall Street Journal reported.
Post
EUROPE’S ELECTION WINNERS FACE DRASTIC CONFLICTS
The U.K. and France both elected new parliaments this month and the new governments already face seemingly impossible tasks: fulfilling their mandates for dramatic changes while struggling with massive public debt, which has metastasized far beyond pre-COVID levels.
Post
FINALLY, CENTRAL BANKERS ALARMED BY SURGE IN NATIONAL DEBTS
Once again, while all the facts are there for all to see who study trends, when they are negative to government interests, they are covered up until they can no longer be hidden.
Post
GLOBAL MANUFACTURING SHOWED MIXED RESULTS IN JUNE
Europe’s manufacturing activity stumbled in June, with the Hamburg Commerce Bank’s purchasing managers index (PMI) for the region sinking to 45.8 after notching 47.3 in May.
Post
THREATS TO CANAL AND PORT TRAFFIC ENDANGER GLOBAL SUPPLY LINES
Last fall, the Houthi Islamist extremist group in Yemen began attacking cargo vessels entering the Red Sea en route to the Suez Canal, a key shortcut for freight moving from Asia to Europe and the U.S. East Coast.
Post
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.
Post
U.K. INFLATION FALLS TO CENTRAL BANK’S 2-PERCENT TARGET
For the first time since 2021, inflation in the U.K., in May, settled back to the 2-percent target rate that the Bank of England (BoE) had set for it.