Central Banks Worldwide Raise Interest Rates to Combat High Inflation Jakarta – Central banks around the world are taking decisive action to address the issue of high inflation by raising interest rates. Despite concerns that this policy could potentially slow down the economy, central bank officials argue that it is necessary to prevent prolonged inflationary … Read more
Chasing unpaid invoices is taking a toll on Belgian companies, costing them more than 9.2 billion euros annually, according to the European Payment Report by debt collection agency Intrum. The report surveyed 10,500 companies to gather these findings. On average, Belgian companies spend 69 days each year trying to collect outstanding invoices. This persistent issue … Read more
Efforts to Curb Inflation in Europe In recent news, concerns about rising inflation in Europe have prompted efforts to curb its impact on the economy. The European Central Bank (ECB) and various financial institutions are taking measures to address this issue and maintain stability. Isabel Schnabel, a member of the ECB’s governing board, has warned … Read more
Although the average wage in the Czech Republic is rising faster than before, it is still not enough to cover the sharp rise in prices. The real wage, after including the effect of inflation, fell by 6.7 percent year-on-year in the first quarter, which represents one of the deepest declines in the European Union. The … Read more
The euro zone confounded previous forecasts and contracted for two consecutive quartersdata showed Thursday, as energy shocks, the war in Ukraine, inflation and monetary policy tightening cut into growth momentum over the winter, Politico reported. The data showed the 20-nation currency zone had failed to avoid recession – albeit a very shallow one for now, … Read more
Canadian dollar pair After the Bank of Canada surprised the markets with its decision to raise interest rates by 25 basis points yesterday, Wednesday, economists at ING Bank issued new expectations for the Canadian dollar pair in light of these decisions and the possibility of raising interest again next July. In this context, experts from … Read more
In its latest World Economic Outlook, the World Bank forecast growth of 2.1% in 2023, up from 1.7% in its previous forecast released in January. FILE PHOTO/Johannes P. Christo/File Photo/File Photo/File Photo WASHINGTON (Reuters) – The World Bank forecast real GDP growth of 2.1% in 2023 in its latest World Economic Outlook released on Wednesday, … Read more
Resolution in the state parliament on June 21. Payment is completely automatic. Vienna (OTS) – After the resolution in the municipal council committee for housing, housing construction, urban renewal and women on June 3, 2023, the next resolution in the municipal council committee for social affairs, health and sport is due on June 5, 2023 … Read more
jaime ortiz, director of asisa Jaime Ortiz is the commercial and marketing director of Asisa, the third company in the Andalusian ranking of the health insurance market “We have to move towards a new model that better distributes the costs among the insured and encourages public-private collaboration” Jaime Ortiz, Sales and Marketing Director of Asisa … Read more
BlackRock CEO Larry Fink said on Monday that inflation remains persistent and the Federal Reserve must raise interest rates further to contain price pressures. said it might not. FILE PHOTO: BlackRock CEO Larry Fink speaks to CNBC at the New York Stock Exchange April 14, 2023. REUTERS/Brendan McDermid [ニューヨーク ３１日 ロイター] – BlackRock CEO Larry … Read more