According to the data, get ready for consumers spending less money during the holiday season and according to the stats, holiday job hirings are down.
Tag: Global Economy
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EUROZONE ECONOMY HEADED FOR “ANOTHER LOST YEAR”
Europe’s economy appears to be poised to enter a technical recession, defined as two consecutive quarters of shrinkage. The region’s GDP shrank by 0.1 percent in the third quarter and is widely expected to contract again in this year’s final three months.
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HIGH U.S. INTEREST RATES SPARK “CRISIS” AMONG EMERGING NATIONS
Many emerging nations are being thrown into a “silent debt crisis” by high interest rates in the U.S., the World Bank has warned.
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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 a tangible decrease in revenues for many sectors…
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WHEN THE ECONOMY FALLS JOBS GO WITH IT
Everything is just fine, just ask the gamblers on The Street. Forget about how Inflation and interest rate hikes caused, and are still causing companies in many sectors to lay off employees.
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SPOTLIGHT: BIGS GETTING BIGGER
As we have noted since the Central Banksters started to rapidly raise interest rates, the decade’s long merger and acquisition spree is over. However, the “Bigs” will still get bigger, as they buy out overleveraged companies that can’t afford to borrow at high rates to refinance while, at the same time, recessionary pressures erode their profitability.
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SPOTLIGHT: CHINA’S ECONOMIC QUAGMIRE
Following a number of policy tweaks by Beijing, China’s economy grew at an annual pace of 4.9 percent in this year’s third quarter, beating a Reuters poll of economists predictions of a 4.5-percent expansion.
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SPOTLIGHT, TOP TREND 2023: OFFICE BUILDING BUST
The value of commercial loans officially considered “in distress,” meaning they are approaching default, reached $79.7 billion in this year’s third quarter, the highest since 2013, MSCI Real Assets reported.
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U.K. INFLATION REFUSES TO YIELD
In September, Britain’s annual inflation rate held at 6.7 percent, the same as August, as rising fuel prices offset lower food costs.
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GERMANY’S PRODUCER PRICES FALL AT FASTEST PACE ON RECORD
The prices that German manufacturers charge for their goods plunged 14.7 percent in this year’s first nine months, the steepest nine-month plunge since records began being kept in 1949, the government reported.