Germany’s economy expanded by a scant 0.3 percent during this year’s third quarter, besting both France and Spain, which each eked out a 0.2-percent expansion.
Tag: nov 1 2022
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HALF OF EUROZONE COUNTRIES WILL ENTER RECESSION
Thanks to the energy crisis sparked by Russia’s war in Ukraine and resulting Western sanctions, at least half of the 19 countries sharing the euro currency will enter a recession, Kristalina Georgieva, managing director of the International Monetary Fund, said in a 27 October Euronews interview.
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WHEN THE ECONOMY FALLS JOBS GO WITH IT
Inflation and interest rate hikes are causing companies in many sectors to lay off employees. To illustrate the employment trends and the socioeconomic implications, each week we will list job losses.
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HIGH RENTS CHILL APARTMENT DEMAND
Third-quarter demand for U.S. apartments sank to a 13-year low after rental rates rose 25 percent over the past two years, according to rental website Apartment List.
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DISTRESSED CORPORATE DEBT RISES. WILL A DEFAULT WAVE FOLLOW?
The number of corporations with bonded debt regarded as “distressed”—a sign that the companies are moving toward default—is the largest since September 2020.
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THIRD-QUARTER GROWTH FAILS TO EASE RECESSION FEARS
During the first six months of this year, Americans spent lavishly on imports, while U.S. exports remained modest.
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U.S. ECONOMY GREW IN REAL TERMS IN THIRD QUARTER
Adjusted for inflation, the U.S. GDP grew 2.6 percent in this year’s third quarter, after shrinking during the year’s first half.
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WAGES, PRICES CONTINUED TO SPIRAL UPWARD IN SEPTEMBER
In September, the Personal Consumption Expenditures Price Index—the U.S. Federal Reserve’s preferred gauge of inflation—rose at 6.2 percent, year on year.
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BIDEN SMOKING GUNS SHOW SYSTEMATIC TARGETING OF FIRST AMENDMENT RIGHTS
At this point, smoking guns showing First Amendment law breaking by the Federal government are everywhere.
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NO BOUNDARIES: SCIENTISTS CONTINUE DANGEROUS VIRUS EXPERIMENTS DESPITE LIKELY WUHAN LAB DISASTER
Even as a new Senate report concluded this past week that the COVID-19 virus likely emanated from an American funded Wuhan biolab in China, there was news of other labs making viruses more lethal.