The Eurozone’s economy probably contracted again in 2023’s fourth quarter after shrinking in the third, Luis de Guindos, vice-president of the European Central Bank (ECB), said in a 10 January speech.
Tag: Global Economy
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GERMANY’S FACTORY OUTPUT FALLS FOR A SIXTH CONSECUTIVE MONTH
In November, Germany’s industrial production edged down 0.7 percent from October, a month in which output fell 0.3 percent from September.
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AFRICA WILL LEAD ECONOMIC GROWTH IN 2024, IMF SAYS
Among the world’s ten fastest-growing economies this year, six will be in sub-Saharan Africa, the International Monetary Fund said in a report last week.
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DISMAL REALITY AS REAL WAGES GREW IN ONLY THREE G20 COUNTRIES
Among the world’s G20 economies, workers in China, Mexico, and Russia were the only ones to see their purchasing power grow in 2023, the U.N.’s International Labor Organization reported.
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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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SPOTLIGHT TOP TREND 2023: OFFICE BUILDING BUST
When the COVID War was launched in January 2020, and politicians across the globe enforced draconian lockdown mandates, among them forcing people to stay in their homes and not go to work, we had forecast and Office Building Bust...
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BANKRUPTCIES SURGE PAST 2008 LEVELS
In 2023, the global number of business bankruptcies surpassed the level reached in 2008 during the Great Recession.
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WHO PROFITED MOST IN 2023 AND HOW
Last year, the richest 500 companies worldwide pocketed $2.9 trillion in profits, according to a study by GrowAndConvert.com. U.S. Fortune 500 businesses accounted for 38 percent of the take, with just 10 U.S. businesses banking half of that 38 percent.
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BRICS TRADE BLOC ADDS FIVE MEMBER COUNTRIES
The so-called BRICS trade bloc, begun as a coalition of Brazil, Russia, India, China, and South Africa, added five new members recently.
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MORE BIG U.K.COMPANIES WILL FAIL THIS YEAR
High borrowing costs and penny-pinching consumers will combine to drive more large British corporations into insolvency this year, several U.K. bankruptcy specialists told Yahoo.