On 5 June, the Royal Bank of Canada (RBC) became the first central bank among G7 countries to cut its key interest rate during the current inflationary cycle.
Tag: Global Economy
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EUROPEAN CENTRAL BANK CUTS INTEREST RATE BY QUARTER POINT
As expected, the European Central Bank (ECB) cut its key interest rate on loans from 4.25 percent to 4 percent last week.
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EUROPE LOSING ITS PLACE IN THE GLOBAL ECONOMY
Europe’s share of the world’s economic output is dwindling, sparking fears on the continent that the region’s economy is no match for China and the U.S.
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GOVERNMENT DEBT SETS RECORD AT $97 TRILLION
Worldwide, governments at all levels now owe a record $97 trillion, the UN Trade and Development Organization reported last week.
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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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BIGS GETTING BIGGER
Mergers and acquisitions have totaled $1.3 trillion worldwide so far this year, 23 percent above last year’s mark over the same period, according to data from the London Stock Exchange Group analyzed by the Financial Times.
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SPOTLIGHT: CHINA’S ECONOMIC MALAISE
China’s economy will grow by 5 percent this year, the International Monetary Fund (IMF) has forecast, raising its outlook from 4.6 percent. It also upgraded its 2025 expectation from 4.1 percent to 4.5.
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TOP TREND 2024: EV GO FU
One of our Top Trends for 2024 is EV GO FU. The reason being is that in the U.S., the cost of EVs is too high and their efficiency is below expectation. In China, EVs are a big hit and Europe is also moving deeper into the market segment.
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OPEC+ EXTENDS OIL PRODUCTION CUTS THROUGH 2025
Meeting on 2 June, the Organization of Petroleum Exporting Countries and its allied nations (OPEC+) voted to continue existing production cuts.