Poland’s Economy Is Worst Performing In EU – Eurostat
In the second quarter of the year, Poland saw a year over year decline of 2.2% in its economic output, marking the largest decrease among the economies of EU member…
Mexican Inflation Slows For Seven Months Straight
For a seventh consecutive month, annual inflation in Mexico slowed, coming in at 4.64%, as the closely watched core reading returned to 2021 levels, according to new data from statistics…
German Industrial Orders Fall More Than Expected
In July, German industrial orders fell more than forecasted, as a sharp rise in order for the aerospace sector the previous month failed to produce momentum, according to Destatis, the…
Germany’s Auto Manufacturers Warn Energy Prices Are Too High
Hildegard Muller, the president of the German Association of the Automotive Industry, has warned that Germany’s car manufacturing sector is at risk due to what he has referred to as…
Country Garden Avoids Default, Makes Coupon Payments
Avoiding a default which many feared might rattle confidence in the broader Chinese real estate sector, Chinese developer Country Garden Holdings Co. announced to creditors that it had paid the…
Germany To See Economic Output Shrink This Year – Economic Institute
According to the latest forecast from the German Economic Institute (IW), amid weakening demand from abroad, soaring interest rates, and an extended energy crisis, Germany will likely see its economic…
UK Home Sales Plunging As Mortgage Costs Soar
In its house price index, real estate firm Zoopla reported that UK home sales are plunging, on course to hit the lowest level in over a decade as mortgage costs…
Italian Manufacturing, Begins Laying Off Workers
On Friday, Bloomberg reported that factories in Italy have begun to downsize their workforces and the country’s manufacturing sector has continued to shrink. In August, the EU’s third-largest economy fell…
Eurozone Slowdown May Ease Inflation – ECB Official
On Friday, Boris Vujcic, the head of Croatia’s central bank, and a member of the Governing Council of the European Central Bank said that he expects the current slowdown in…
British Real Estate Crashing
On Friday, UK mortgage lender Nationwide revealed that the British real estate market is sliding at an accelerating rate, with home prices in August falling at the sharpest yearly rate…
