On 15 June, as economists expected, the European Central Bank raised its deposit rate by a quarter point to 3.5 percent, its highest in two decades.
Tag: Global Economy
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TOP TREND 2023, GOING GREEN, LIKE IT OR NOT: OIL DEMAND WILL STAGNATE IN NEXT FIVE YEARS, IEA PREDICTS
Over the next five years, global demand for oil will virtually stop growing, the International Energy Agency (IEA) has predicted, as electric vehicles (EVs), biofuels, and energy efficiency permeate the energy economy.
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WHEN THE ECONOMY FALLS JOBS GO WITH IT
As equity markets rise and with the “good news” that inflation is falling, on the employment front, the firing binge continues…
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BANKING INDUSTRY TUMULT SINKS EUROPEAN REAL ESTATE STOCKS
In Europe, the share prices of publicly traded commercial real estate landlords finished their worst month in three years last week as investors feared the banking industry’s difficulties will make it harder for property owners to secure loans, which could sink property values, the Financial Times said.
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SPOTLIGHT: BYE, BYE BUCKS—THE DEATH OF THE DOLLAR
As we have greatly detailed over the weeks and as illustrated in this issue of the Trends Journal, it is a new world order. Much of what used to be emerging markets have emerged to large global economies providing products and services that were once dominated by the United States.
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SPOTLIGHT, TOP TREND 2023: FROM DIRTY CASH TO DIGITAL TRASH
In India, QR codes have become as common as curry. Street peddlers and performers display them just like barber shops and clothing stores do. Even beggars have their own QR codes if passers-by have no spare change.
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SPOTLIGHT: BIGS GETTING BIGGER
As forecast, the Merger and Acquisition trend which we have been long reporting would peak when the Federal Reserve would aggressively raise interest rates and cut off the cheap money supply.
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SPOTLIGHT: REAL ESTATE’S TAILSPIN
About $175 billion of real estate debt is classified as “distressed,” meaning there is a growing likelihood of it not being repaid, according to data compiled by Bloomberg.
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SPOTLIGHT: TOP TREND 2023, OFFICE BUILDING BUST
In 2022’s fourth quarter, the proportion of Canada’s office space sitting empty reached a record 17.1 percent, according to real estate services firm CBRE, even though the country’s economy has fully reopened from its COVID-era lockdowns.
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SPOTLIGHT: GOING NUCLEAR—SWEDEN MULLS LIFTING RESTRICTIONS ON NUCLEAR POWER PLANTS
Sweden’s parliament will consider a law that would erase limits on the number of nuclear reactors the country will allow.