This is week 55 of our listing job cuts. Today, the Dow plunged nearly 400 points. Why? According to the CNBC headline because “... economic worries return.”
Tag: Global Economy
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GLOBAL DEBT SETS RECORD AT $307 TRILLION
The amount of money owed by governments, businesses, households, and individuals grew by $10 trillion in this year’s first half to a record $307 trillion, the Institute of International Finance (IIF) said in a 19 September report.
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CANADA’S ECONOMY SHRINKS IN SECOND QUARTER
Canada’s economy contracted by 0.2 percent in this year’s second quarter, Statistics Canada reported.
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WEAKNESS IN RETAIL SALES AND CHINA’S ECONOMY SINKS SHIPPERS
The shipping industry has entered its peak season, the time when retailers are expecting their holiday inventories of clothing, decorations, electronics, toys, and other items.
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DE-DOLLARIZATION “IRREVERSIBLE”
The dollar’s loss of its central role in the world’s economy is “an objective and irreversible process,” Russian President Vladimir Putin told the BRICS summit on 5 September.
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INTEREST RATE HIKES HAMPER GROWTH FOR 12 YEARS, FED STUDY SAYS
Central banks’ interest rate increases slow broader economic growth for at least 12 years, according to a new study by the Federal Reserve Bank of San Francisco.
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GLOBAL GROWTH WILL SLOW IN 2024
This is old news to Trends Journal subscribers, but it's making headline news now! After exceeding expectations this year, thanks to tight job markets and consumers’ continued shopping, growth among the worlds’ leading economies will slow next year, many economists now expect.
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WHEN THE ECONOMY FALLS JOBS GO WITH IT
Welcome to the second year of our listing the loss of jobs. As we have detailed, there is a global economic contraction underway that will worsen in the Northern Hemisphere as the summer ends and the reality of winter life begins to set in. In the U.S. the employment numbers are already weakening.
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CENTRAL BANKERS SEE A LOW-GROWTH FUTURE BURDENED BY DEBT, GEOPOLITICAL STRIFE
Governments, businesses, and households are toting record levels of debt. The world’s trading network is shattering along geopolitical faultlines. The world’s economy is precariously close to a recession and, at best, will grow so slowly that emerging nations may forfeit years of potential gains.
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SPOTLIGHT: EUROPE GOING DOWN
The HCOB purchasing managers index (PMI), which measures business activity across the 19-country Eurozone, sank to 47 in August, its lowest in 33 months, after the ongoing slump in manufacturing was joined by an unexpected contraction in services.