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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MILEI’S ECONOMIC POLICIES WREAK CHAOS ON ARGENTINA’S ECONOMY
Javier Milei became Argentina’s president in mid-December. Since then, gas prices have doubled, inflation has shot up to 211 percent, and the currency has crashed. On 24 January, unions paralyzed the country in a nationwide strike.
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MIDEAST WAR COSTING ISRAEL’S NEIGHBORING NATIONS
Egypt, Jordan, and Lebanon have suffered “severe” economic damage from Israel’s war with terrorist group Hamas, The New York Times reported.
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INDIA SURPASSES HONG KONG AS WORLD’S FOURTH LARGEST EQUITIES MARKET
With China’s economy on the ropes, investors have transferred their hopes to India.
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WILL AMERICAN CONSUMERS KEEP DRIVING THE ECONOMY?
Last week’s report that U.S. consumers hiked their spending by 3.3 percent in 2023’s final quarter surprised many analysts, who had expected just a 2-percent bump.
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SPECIAL REPORT: WAR IN THE RED SEA—THE ECONOMIC IMPACT
The Israel War keeps ramping up as the United States and the U.K. keep launching attacks on the Houthis in Yemen.
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ARAMCO ADDS $4 BILLION TO ITS VENTURE FUND
Saudi Aramco, the world’s richest oil company, will more than double its venture capital fund.
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TOP TREND 2024, EV GO FU: EV SALES TANK IN EUROPE
In December, electric vehicle (EV) sales in Germany plummeted by half, year on year. The plunge led EVs’ Europe-wide sales to shrink for the first time since 2020.
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GERMANY’S ECONOMY SHRANK BY 0.3 PERCENT IN 2023
Germany—battered by high interest rates, slowing global sales and continued high energy costs—Europe’s largest economy and the fourth largest one in the world... saw the heart of its manufacturing industry contract by 0.3 percent in 2023, according to the country’s National Statistics Office.
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DEBT BOMB READY TO EXPLODE
“We have a huge fiscal problem everywhere,” Tim Adams, CEO of the International Institute for Finance (IIF), said in a CNBC interview at the World Economic Forum earlier this month.