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
“After Covid, China did not recover as expected”, had to reduce bank reserves I TNN Know about investing I 26-05-66 Investment factors worth watching – Excited! China reduces bank reserves after the economy weakens – GDP shrinks, Germany officially recession – speculation on stocks bounces to accept the economy, passes the lowest point, interest rates … Read more
Jakarta – Germany fell into the abyss recession because household consumption was depressed due to high inflation. Its economy shrank 0.3% in the first quarter of 2023, following a 0.5% contraction in the fourth quarter of 2022. “Heavy price increases continued to weigh on the German economy at the start of the year. This was … Read more
25 mei 2023 om 09:20Update: een uur geleden The German economy has entered a recession. The largest European economy contracted for two quarters in a row. This is mainly due to households spending less money. Inflation is responsible for the economic headwind in Germany, reports the German statistics agency Destatis. Despite the fact that annual … Read more
Jakarta – The British economy has recently been hit by a fairly severe crisis. Even so, the International Monetary Fund (IMF) estimates that the country can be free from the threat of recession in 2023. According to Reuters (23/5/2023), the IMF said that the UK’s gross domestic product (GDP) is expected to grow by 0.4% … Read more
The World Bank considered that “the cash economy in dollars in Lebanon, which is estimated at about $9.9 billion in 2022, or about half the size of the Lebanese economy, has become a major obstacle to achieving economic recovery” in a country suffering from an acute crisis. The World Bank has warned of growing dependence … Read more
During the first three months of the year, Portugal registered the largest increase in its GDP (1.6%), followed by Spain, Italy and Latvia (0.5% each). France’s GDP growth was slightly higher (0.2%). The eurozone’s gross domestic product increased by 0.1% in the first quarter of 2023 compared to the previous quarter, after remaining unchanged in … Read more
The American company “Bed Bath and Beyond” for retailing household goods declares bankruptcy after years of losses exceeding one billion dollars annually. The American company “Bed Bath and Beyond” declares bankruptcy Today, Sunday, the American company “Bed Bath and Beyond” for retailing household goods declared bankruptcy after years of losses exceeding one billion dollars annually, … Read more
Chris Watling, Chief Executive of Financial Planning at Longview Economics stated that a recession is coming The Potential and Risks of the United States economy from Watling’s perspective The main US economic index lost 1.2%, its lowest decline since November 2020 Jakarta, CNBC Indonesia – Longview Economics’ chief executive financial planner, Chris Watling, said the … Read more
The “Doom Loop” is an ongoing economic downturn, this happens because one negative condition triggers another bad condition. Roubini said the Doom Loop “will occur due to high inflation, debt crisis and problems of financial stability. The decline in the US economy could impact Indonesia, from the financial sector to the real sector. Jakarta, CNBC … Read more