In 22 states and Washington D.C., potential home buyers need a six-figure income to afford a median-priced home, Bankrate.com has calculated.
Tag: inflation
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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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THE SYSTEM IS HYPERINFLATING
The world economy is not just grinding to a halt, it’s essentially dead. With that, global debt is surging higher at its fastest pace on record.
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WAGE GROWTH MAY SLOW INFLATION’S FALL, DELAY ECB RATE CUTS
The Eurozone’s annual rate of wage increases rose to 4.7 percent in 2023’s third quarter, the fastest pace in the common currency’s 25-year history, the Financial Times reported.
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ARGENTINA’S INFLATION PASSES 211 PERCENT AS MILEI ENACTS TOUGH MEASURES
Argentina’s 2023 inflation rate was 211.4 percent, Bloomberg reported, beating Venezuela’s 193 percent for the year’s worst price spike.
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EUROZONE’S ECONOMY SHRANK IN FOURTH QUARTER, ECB OFFICIAL SAYS
The Eurozone’s economy probably contracted again in 2023’s fourth quarter after shrinking in the third, Luis de Guindos, vice-president of the European Central Bank (ECB), said in a 10 January speech.
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INFLATION KEEPS RISING
U.S. consumer prices grew by 3.4 percent in December, the Labor Department reported, surpassing November’s 3.1 percent and beating economists’ forecasts of 3.2 percent.
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BANKRUPTCIES SURGE PAST 2008 LEVELS
In 2023, the global number of business bankruptcies surpassed the level reached in 2008 during the Great Recession.
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EUROZONE’S INFLATION ACCELERATED AT YEAR END
Inflation across the 20 countries sharing the euro currency sped up to 2.9 percent in December, year on year, after notching 2.4 percent in November.
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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…