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.
Tag: inflation
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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…
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U.S. VENTURE CAPITAL FUND-RAISING PLUMMETED 60 PERCENT IN 2023
Venture capitalists’ (VCs’) attempts to raise funds to invest in new and young companies brought in only $67 billion last year, the least since 2017 and 60 percent less than in 2022, which was a peak year, according to the National Venture Capital Association.
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BoE AND ECB DON’T SHARE FED’S OPTIMISTIC VIEW OF 2024
The Bank of England (BoE) and European Central Bank (ECB) made it clear their view of inflation is not as sunny as the U.S. Federal Reserve’s chair Jerome Powell expressed last week.
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RATE CUTS WILL BEGIN LATER THAN MARKETS THINK, ECONOMISTS SAY
Speculators in interest rate futures are betting that the U.S. Federal Reserve will begin paring back its interest rates before summer; many are wagering that the cuts will begin in March.
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INVESTORS DIVE BACK INTO RISKIER ASSETS
Believing that inflation has been tamed and interest rates will not rise further, investors are piling back into global stocks, which had been seen as risky as long as the dollar was strong and U.S. interest rates continued to rise.
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EVERYONE FEELS PAIN OF INFLATION BUT NOT EQUALLY
Because low-income households spend a greater share of their incomes on necessities, their actual rate of inflation has been greater than middle- and upper-income earners, CNBC reported.