Headline inflation in the 20-nation Eurozone ticked down to 2.8 percent last month after notching 2.9 percent in December, coming closer to the European Central Bank’s (ECB’s) 2-percent target, the zone’s Eurostat statistics agency reported.
Tag: Global Economy
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IMF DOUBLES 2024 GROWTH OUTLOOK FOR RUSSIA
Russia’s wartime economy will expand by 2.6 percent this year, the International Monetary Fund (IMF) has forecast, more than doubling its 1.1-percent estimate made in October but slightly less than the 3 percent expected for 2023.
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IMF BOOSTS 2024 GROWTH FORECAST ON STRENGTH IN U.S., CHINA
The International Monetary Fund (IMF) has raised its global growth forecast for this year from 2.9 percent to 3.1 percent, citing a resilient U.S. economy, the Chinese government’s policy actions to revive its economy, and strength in some large emerging economies, including Brazil, India, and Russia.
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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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NO GROWTH: EUROZONE ECONOMY FLATLINES, GERMANY GOES DOWN
Although Germany’s economy contracted by 0.3 percent in 2023’s fourth quarter, the 20-country Eurozone’s GDP neither shrank nor grew during the period, according to figures reported by Eurostat, the zone’s statistics office.
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TOP TREND 2023, OFFICE BUILDING BUST: BANKS DEMAND WORKERS RETURN TO THE OFFICE
Last week, Bank of America (BoA) sent “letters of education” to remote workers threatening to punish them if they fail to spend a certain minimum number of hours in the bank’s offices each week.
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TOP TREND 2024: EV GO FU: LITHIUM PRICE CRASHES AS GLOBAL EV DEMAND SLOWS
In recent months, sales of electric vehicles (EVs) have stalled around the world. High sticker prices, high interest rates, and a global economic slowdown have left post-inflation consumers reluctant or unable to pay the more than $50,000 cost of an EV.
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ECB PRESIDENT LAGARDE FAILING AT HER JOB, STAFF SAYS
Christine Lagarde, president of the European Central Bank (ECB), is doing either a “poor” or “very poor” job, according to slightly more than half of the bank’s workers who responded to a survey by the International and European Public Services Organization (IPSO), a union.
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TOP TREND 2023, OFFICE BUILDING BUST: IMF WARNS OF LOOMING CRISIS IN COMMERCIAL REAL ESTATE
While old news to Trends Journal subscribers, the International Monetary Fund (IMF) has become the latest entity to warn of a pending crisis in commercial real estate, a trend we have been warning about since the beginning of the COVID War in our continuing series, Office Building Bust.
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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.