After shrinking in June and July, Britain’s economy managed to expand 0.2 percent in August, according to the Office of National Statistics (ONS). The figure matched the expectations of economists answering a Reuters poll.
Tag: Global Economy
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VOLKSWAGEN’S ILLS EMBLEMATIC OF GERMANY’S CRISIS
In the third quarter, Volkswagen delivered 7.1 percent fewer vehicles, citing falling sales in China, where buyers are gravitating toward native brands and Chinese electric vehicles (EVs) are higher in quality and lower in price than those from Western makers.
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GERMANY’S ECONOMY WILL END 2024 IN RECESSION
No surprise to Trends Journal subscribers. As forecast, Germany’s economy will contract 0.2 percent this year, officials now say, revising their earlier forecast of 0.3 percent overall growth. The economy shrank 0.3 percent in 2023.
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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
As the Chinese economy continues to struggle, the country’s leading private firms cut their workforce, according to a report by the All-China Federation of Industry and Commerce.
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SPOTLIGHT: RETAIL ON THE ROPES
Since China launched the COVID War in January 2020 on its Lunar New Year, “The Year of the Rat,” The Trends Journal had long forecast that the world’s governments propping up economies with countless trillions of dollars backed by noting and printed on nothing…
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ALUMINUM CAN SALES RISE AS VENDORS DITCH PLASTIC
Ball and Crown Holdings, two of the world’s largest makers of aluminum cans, are seeing sales rise as beverage manufacturers and consumers forsake glass and plastic.
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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.
Post
WHEN THE ECONOMY FALLS JOBS GO WITH IT
There were 72,821 job cuts in the U.S. in September, down 4 percent from August, according to a report by outplacement firm Challenger, Gray & Christmas
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BUSINESS BANKRUPTCIES UP 39 PERCENT IN AUSTRALIA
In the past 12 months, 11,049 Australian businesses have filed for bankruptcy. The number rocketed up 39 percent compared to the same period across 2022 and 2023, according to the Australian Securities and Investments Commission.