ECB Hikes Rates To Record Highs
On Thursday, for the ninth consecutive time, the European Central Bank (ECB) hiked interest rates, following a policy of further tightening amid a stubbornly high inflation, as the risks of…
French Economy Expands 0.5% In Q2
A new batch of preliminary data from the INSEE statistics agency released on Friday showed that the French economy grew significantly more than analysts had expected in the second quarter,…
In Spain, Spending Power Wanes As Inflation Soars
A new Adecco Salary Monitor on Wages report released this month showed that consumers in Spain have been pummeled by among the sharpest drops in real income in the EU.…
As UK Economy Stalls, Recession Fears Grow
A new survey by S&P Global Insight indicates that in the UK, soaring interest rates have caused business growth to slow to the lowest levels seen since January, leading the…
Asian Consumption Of Russian LNG Scaling Down
According to a Bloomberg report last week, shipping data shows that Russian liquefied natural gas (LNG) shipments to Asia last month fell by 15%, hitting their lowest levels in almost…
Eurozone Faces Stubborn Inflation
In June, Eurozone core inflation accelerated, according to new data released by the statistics agency Eurostat last week. The data revealed that core consumer prices, excluding volatile food and energy…
Energy Bills In The Netherlands Continue To Rise
In the Netherlands, government subsidies and consumer price caps have not prevented household energy bills from rising dramatically. Data released by Statistics Netherlands (CBS) last week revealed that in June,…
France And Germany Flash Recession Warnings
As sustained weakness in manufacturing has spilled over into services, both Germany and France kicked off their third quarter seeing their private-sector economies contracting. S&P Global’s Flash Purchasing Managers’ Index…
IMF Says Global Economy Is Slowing
At a meeting of G20 finance ministers and central bank governors on Tuesday, Kristalina Georgieva, the chief of the International Monetary Fund (IMF), said that economic activity globally was slowing…
British Pound Bounces Off UK Consumer Spending Beat
On Friday, the British pound surged following a release of data which showed that consumer spending in the UK was stronger than had been expected in June. This data came…
