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.
Tag: Global Economy
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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.
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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... all made worse by the COVID War which destroyed the lives and livelihoods of billions across the globe.
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UBS AGREES TO $1.44 BILLION IN FINES IN BOND CASE
UBS Group, the Swiss global financial services firm, has agreed to pay a $1.44-billion fine to settle charges brought by the U.S. justice department that the company had defrauded investors.
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NETHERLANDS ENTERS TECHNICAL RECESSION
The Dutch economy has slipped into a technical recession, contracting by 0.3 percent in this year’s second quarter after shrinking 0.4 percent in the first, according to Statistics Netherland.