The Financial Times writes that the World Trade Monitor study from the Bureau of Economic Analysis (CPB) of the Ministry of Economic Affairs and Climate Policy of the Netherlands showed that global trade volumes fell by a two-year maximum of 3.2% year on year in July 2023.The decline in turnover accelerated compared to 2.4% in…
Japanese Prime Minister Fumio Kishida announced the imminent launch of a new economic policy aimed primarily at supporting the population against the backdrop of continued rising prices. According to the head of the Japanese government, specific measures will be presented by the middle of next month. Kishida emphasized that the new economic policy will be…
The Broadcasting Board of Governors (BBG), an independent agency of the US Federal Government, expects that the Fed has finished raising rates. The Fed is projected to keep rates at current levels through June 2024 and begin cutting rates in July 2024. However, these forecasts do not yet have an impact on market participants. Experience…
Against the backdrop of the stabilization of the Chinese economy and the strengthening of the Chinese yuan, the government is lifting restrictions on the import of gold into its country. As the authoritative news agency Financial Times notes, this could cause increased volatility for the most sought-after metal on the planet, further opening up a…
The German Institute for Economic Research is one of the most influential and authoritative. It was founded back in 1925 and has received a huge number of prestigious awards for the best research and forecasts in various sectors of the economy. Today, in an official forecast, the German Economic Institute DIW worsened its forecast for…
Birmingham City Council announced on September 5 that it had filed for bankruptcy. From this day on, the city stops all payments and expenses, with the exception of social security obligations. The main reason for the bankruptcy was the legal costs that Birmingham incurred during the consideration of the claim of trade unions, who accused…
The Japanese yen has once again depreciated against the dollar and is trading near all-time highs of 150,000. The Japanese regulator continues to keep the interest rate unchanged, despite the growing inflation in the country following the global trend in this indicator. For a long time, the Central Bank of Japan has not raised or…
US Federal Reserve Governor Christopher Waller spoke today on the current economic situation in the country, based on economic statistics for the past week. He believes that the situation in the labor market is beginning to soften, and he is not surprised that the unemployment rate has risen, but does not comment on the reasons…
Despite the huge inflation in Turkey and the strong devaluation of the Turkish lira against the US dollar, Turkey can become the leading economic country of the entire Western alliance. In addition to cooperation with Russia, with which agreements were reached yesterday in the field of nuclear and oil energy, the World Bank continues to…
On Friday, the American economy reported mixed data on the labor market. Unfortunately, even 30,000 new jobs could not tame the impending avalanche of unemployment. This was followed by alarming data on delinquencies: on loans, car loans and cards. The pain is most acute for low-income people, who have largely used what they have been…
