December marked a turnaround in the manufacturing economies of China, South Korea, and Taiwan following several months of decline.
Tag: Global Economy
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EUROPE’S INDUSTRIAL SECTOR WEAKENED AGAIN IN DECEMBER
The Eurozone’s industrial economy sank deeper into recession last month, according to the Hamburg Bank of Commerce’s purchasing managers index (PMI).
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BEWARE OF AI-DRIVEN INFLATION, INVESTMENT MANAGERS WARN
Global stock markets, still high on euphoria and fear of missing out over artificial intelligence (AI), may be ignoring a key and growing risk: a rise in inflation driven partly by the tech frenzy itself, money managers are warning.
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VENEZUELA’S OIL: BOON OR BOONDOGGLE?
Meeting with leaders of major oil companies last week, Donald Trump urged them to spend $100 billion to rehabilitate Venezuela’s decrepit oil industry, promising them riches in return.
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SPOTLIGHT: BIGS GETTING BIGGER
Mergers and acquisitions involving Swiss companies have reached their highest number since 2018 and Swiss businesses have taken part in deals worth $163 billion so far this year, the Financial Times reported.
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SPOTLIGHT: EV GO FU
s we have greatly detailed since the EV evolution began, U.S. carmakers wasted tens of billions of dollars by misjudging the domestic market for EVs.
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CHINA’S DOMESTIC ECONOMY SLUMPS IN NOVEMBER
Last month, the growth in China’s factory output slowed to its weakest pace since September 2024 and retail sales were their most sluggish in the three years since Beijing ended the country’s rolling anti-COVID lockdowns, according to the National Bureau of Statistics.
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CHINA’S EXPORTS TO SOUTHEAST ASIA GROW BY 25 PERCENT
As Donald Trump’s trade war slashes China’s trade with the U.S., the world’s second-largest economy has added about 25 percent to its trade volume with the rest of Southeast Asia, the Financial Times reported.
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GERMANY WILL ONLY RECOVER SLOWLY FROM RECESSION, BANK FORECASTS
Germany’s economy will need much of 2026 to emerge from its multiyear recession, the country’s central bank has said, frustrating hopes for a quick growth spurt sparked by Chancellor Friedrich Merz’s €1-trillion-plus spending splurge on infrastructure repair and military readiness.
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EUROZONE FACTORY OUTPUT RISES, STRENGTHENING SIGNS OF RECOVERY
In October, industrial production across the 20-country Eurozone grew 0.8 percent from September, which had shown a 0.2-percent gain, the European Union’s statistics agency reported on 15 December.