It’s global. The numbers are there for all to see. From developed to underdeveloped nations, economies are slowing down and/or contracting.
Tag: Global Economy
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EUROPE’S WEAPONS MAKERS RIDE THE WAVE OF ARMS SPENDING
With wars in Ukraine and the Middle East, European arms spending rose to $388 billion in 2023, with Europe’s defense contractors booking almost $300 billion in new orders.
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INVESTORS WARM UP TO MILEI’S TOUGH LOVE IN ARGENTINA
Argentina’s bond market is strengthening, with some issues reaching their highest values since 2019 as chain-saw-wielding, self-described “anarcho-libertarian” president Javier Milei continues his dramatic reforms to the country’s economy.
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GERMANY’S CENTRAL BANK USES UP ITS RESERVES, WILL LOSE MONEY THIS YEAR
Germany’s Bundesbank will post a “significant” financial loss this year that could exceed the €700 million of its remaining reserves, the central bank has reported.
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EUROPE’S BIGGEST ALUMINUM PRODUCER CITES “CONSTRUCTION CRASH”
The construction industry in some of Europe’s largest countries is seeing a plunge in demand similar to that during the COVID War, Norsk Hydro, Europe’s largest aluminum producer, said in a recent statement.
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EUROZONE WAGES GROWING AT SLOWER RATE
In 2023’s final quarter, pay for Eurozone workers increased at an annual rate of 4.5 percent, easing from 4.7 percent in the quarter before, European Central Bank (ECB) data showed.
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JAPAN’S NIKKEI SOARS TO HEIGHT NOT SEEN SINCE 1989
On 22 February, Japan’s Nikkei 225 stock index reached its highest level since 1989 as bargain stock prices and tighter corporate regulations drew money exiting Chinese markets, Reuters reported.
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GERMANY’S FACTORY OUTPUT FALLS MORE THAN EXPECTED IN JANUARY
Activity in Germany’s export-dependent manufacturing sector fell again this month, sliding more than expected.
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EUROZONE BUSINESS ACTIVITY NOT VERY ACTIVE
After flatlining last year, the Eurozone’s business activity has been struggling back toward growth this month, led by the services sector.
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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…