Italy expects its economy to expand by 1 percent this year and 1.2 percent in 2025 and says it will reduce its annual budget deficit below last year’s.
Tag: Global Economy
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GERMANY’S ECONOMY WILL END THIS YEAR IN RECESSION
Finally repeating what we have long forecast and detailed in The Trends Journal, in a joint report, four German economic think-tanks have flipped their forecasts, saying now that the country’s economy will shrink by 0.1 percent this year.
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WORLD ECONOMY WILL GROW 3.2 PERCENT THIS YEAR, OECD SAYS
Falling interest rates and the slowdown in inflation is giving households more money to spend, which will enable the global economy to grow 3.2 percent this year and by the same percentage in 2025, according to an analysis by the Organization for Economic Cooperation and Development (OECD).
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TOP TREND 2024, EV GO FU: VOLVO DELAYS CONSTRUCTION OF EV BATTERY PLANT
Swedish vehicle maker Volvo has delayed building a new battery plant in its home country to power its heavy-duty electric trucks.
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IEA CUTS OIL DEMAND FORECAST AGAIN ON CHINA’S WEAKNESS
For the second time in two months, the International Energy Agency (IEA) has reduced its 2024 oil demand outlook, once again citing China’s “rapidly slowing” oil usage.
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GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that have profoundly affected the business community.
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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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RUSSIA’S CENTRAL BANK RAISES INTEREST RATE AGAIN
For the second time in as many meetings, the Bank of Russia’s governing committee raised the bank’s key interest rate, adding a full percentage point and lifting the rate to 19 percent.
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ECB CUTS KEY INTEREST RATE BY QUARTER POINT
On 13 September, the European Central Bank (ECB) shaved a quarter point from its policy interest rate, cutting it to 3.5 percent as inflation slowed to 2.2 percent and indicators showed the Eurozone’s economy staggering.
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INVEST HEAVILY OR LIVING STANDARD WILL CRUMBLE, EUROPE TOLD
To maintain the living standards its residents desire and compete with China and the U.S., the European Union must invest €750 billion to €800bn billion a year.