What we had forecast three years ago is just making the “news.”
Tag: Global Economy
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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…
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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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SHARE PRICE OF LUXURY CONGLOMERATE KERING DIVES 14 PERCENT
Kering, the French owner of 11 luxury brands including Balenciaga, Brioni, and Yves St. Laurent, saw its share price drop 14.3 percent on 19 March after it said sales of its Gucci line will be down 20 percent this quarter, compared to the same period last year.
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SWIFT WILL LAUNCH CENTRAL BANK DIGITAL CURRENCY PLATFORM
SWIFT, the messaging network that connects banks worldwide, is developing a system to connect the international financial system to the array of central banks’ digital currencies (CBDCs) expected to come into use over the next few years.
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TOUGHER SANCTIONS, DRONE ATTACKS SLAM RUSSIAN OIL EXPORTS
Russia has relied on its oil exports to prop up its consumer economy and fund its war in Ukraine.
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BANK OF JAPAN RAISES INTEREST RATE FOR FIRST TIME IN 17 YEARS
On 19 March, the Bank of Japan (BoJ) became the last central bank to lift its interest rates out of negative numbers. The key rate had been at -0.1 percent since January 2016.
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PRIVATE EQUITY FIRMS UNABLE TO SELL 28,000 COMPANIES
Private equity firms buy businesses, wait for them to appreciate, then cash out and distribute the profits among their investors.
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CORPORATE DEFAULTS AT HIGHEST SINCE GREAT RECESSION, S&P SAYS
So far this year, 29 corporations have defaulted on their debts, more than in any similar period since 2009 during the Great Recession when 36 corporations failed to pay. Inflation, high interest rates, rising wages, and sluggish consumer demand are to blame, according to S&P.
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COVID WAR SLASHED DEVELOPING COUNTRIES’ ABILITY TO INVEST, UN SAYS
The chasm separating the world’s most- and least-developed nations has widened to its largest in nearly 10 years, the United Nations’ Human Development Index has found.