In February, home prices in Britain rose 0.7 percent from January and 1.2 percent, year on year, marking their first increase since January 2023. The rise was the largest since July 2022.
Tag: Global Economy
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JAPAN’S FACTORY PRODUCTION PLUNGES TO FOUR-YEAR LOW
In January, Japan’s factory output sank faster than at any time since May 2020 in the early days of the COVID War.
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EUROZONE INFLATION SLOWS TO 2.6 PERCENT IN FEBRUARY
Prices inflated by 2.6 percent in February across the 20-country Eurozone, slipping from January’s 2.8 percent and coming closer to the European Central Bank’s (ECB’s) 2-percent target.
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GOING OUT OF BUSINESS TRENDS
In recent times, the economic landscape has presented an array of challenges that have profoundly affected the business community. Some of the most significant challenges include soaring inflation rates, escalating interest rates, looming fears of a recession, and...
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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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EUROPE’S WEAPONS MAKERS RIDE THE WAVE OF ARMS SPENDING
With wars in Ukraine and the Middle East, European arms spending rose to $388 billion in 2023, with Europe’s defense contractors booking almost $300 billion in new orders.
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INVESTORS WARM UP TO MILEI’S TOUGH LOVE IN ARGENTINA
Argentina’s bond market is strengthening, with some issues reaching their highest values since 2019 as chain-saw-wielding, self-described “anarcho-libertarian” president Javier Milei continues his dramatic reforms to the country’s economy.
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GERMANY’S CENTRAL BANK USES UP ITS RESERVES, WILL LOSE MONEY THIS YEAR
Germany’s Bundesbank will post a “significant” financial loss this year that could exceed the €700 million of its remaining reserves, the central bank has reported.
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EUROPE’S BIGGEST ALUMINUM PRODUCER CITES “CONSTRUCTION CRASH”
The construction industry in some of Europe’s largest countries is seeing a plunge in demand similar to that during the COVID War, Norsk Hydro, Europe’s largest aluminum producer, said in a recent statement.
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EUROZONE WAGES GROWING AT SLOWER RATE
In 2023’s final quarter, pay for Eurozone workers increased at an annual rate of 4.5 percent, easing from 4.7 percent in the quarter before, European Central Bank (ECB) data showed.