Germany’s government has frozen all new spending commitments after the country’s constitutional court forbade the government from transferring €60 billion budgeted to fight the COVID War to programs designed to modernize the economy and mitigate climate change.
Tag: Global Economy
GERMANY ENTERING RECESSION, DATA SHOWS; BANKS AT RISK
After flatlining in this year’s second quarter, Germany’s economy contracted 0.1 percent in the third. New data shows GDP continuing to decline, leading the country’s central bank to predict another three months of shrinkage.
EUROPE’S BANKS FEEL INCREASING STRESS, ECB WARNS
Loan defaults and late payments are rising among Eurozone banks, with the lenders showing “early signs of stress” in their balance sheets, the European Central Bank (ECB) said in its semi-annual review of the industry’s financial stability.
TOP TREND 2023, OFFICE BUILDING BUST: TROUBLED COMMERCIAL PROPERTY LOANS ARE INCREASING, ECB WARNS
Eurozone real estate companies are seeing mounting losses amid high interest rates, inflated operating costs, falling property values, and a weak rental market, the European Central Bank (ECB) reported.
EUROZONE FALLING INTO A RECESSION: DRAGFLATION NEXT
As we had forecast when the European Central Bank began raising interest rates in July 2022, the EU would sink into recession. The Eurozone’s economy contracted by 0.1 percent in this year’s third quarter.
INTEREST PAYMENTS ARE EATING GOVERNMENT BUDGETS
After piling up debt to fund COVID-era stimulus programs and health care costs, the world’s national governments will pay an additional $2 trillion in interest this year, according to data compiled by the International Monetary Fund and analyzed by research firm Teal Insights.
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 a tangible decrease in revenues for many sectors…
WHEN THE ECONOMY FALLS JOBS GO WITH IT
It’s global! As economies slow down, unemployment numbers will rise. And as we have detailed in this and previous Trends Journals, the slowdown has begun.
SPOTLIGHT: BIGS GETTING BIGGER
Consolidation is the name of the Bigs game. The more they own the more they control... it’s the way of the power-hungry world.
SPOTLIGHT: CHINA’S ECONOMY
Last month, retail sales in China surged 7.6 percent, the National Bureau of Statistics (NBS) reported, beating a 7-percent gain foreseen in a Reuters survey of economists.