Eurozone real estate companies are seeing mounting losses amid high interest rates, inflated operating costs, falling property values, and a weak rental market, the European Central Bank (ECB) reported.
Tag: Global Economy
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EUROZONE FALLING INTO A RECESSION: DRAGFLATION NEXT
As we had forecast when the European Central Bank began raising interest rates in July 2022, the EU would sink into recession. The Eurozone’s economy contracted by 0.1 percent in this year’s third quarter.
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INTEREST PAYMENTS ARE EATING GOVERNMENT BUDGETS
After piling up debt to fund COVID-era stimulus programs and health care costs, the world’s national governments will pay an additional $2 trillion in interest this year, according to data compiled by the International Monetary Fund and analyzed by research firm Teal Insights.
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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! As economies slow down, unemployment numbers will rise. And as we have detailed in this and previous Trends Journals, the slowdown has begun.
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SPOTLIGHT: BIGS GETTING BIGGER
Consolidation is the name of the Bigs game. The more they own the more they control... it’s the way of the power-hungry world.
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SPOTLIGHT: CHINA’S ECONOMY
Last month, retail sales in China surged 7.6 percent, the National Bureau of Statistics (NBS) reported, beating a 7-percent gain foreseen in a Reuters survey of economists.
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TOP TREND 2023, GOING GREEN, LIKE IT OR NOT: EXXONMOBIL GOES INTO THE LITHIUM BUSINESS
ExxonMobil, the world’s most profitable oil company, will drill for lithium on 120,000 acres it leased earlier this year in Arkansas’s Smackover oil play, the company has announced. It expects to bring its lithium to market in 2027.
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PERU’S RECESSION DEEPENS MORE THAN EXPECTED
Peru’s economy shrank by 1.29 percent in October, year over year, marking the third consecutive quarter of contraction. October’s slide proved worse than all nine forecasts that had been made, which had foreseen a median 0.6-percent decline.
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DENMARK SLIPS INTO RECESSION
The Danish economy contracted by 0.3 percent in each of the last two quarters, according to Statistics Denmark.