German Consumption Continues To Decline
On Tuesday, a new report from the German statistics agency Destatis revealed that in March Germany’s retail sales dropped, contrary to market expectations. Price-adjusted retail turnover was down by 2.4%…
Fitch Downgrade’s France’s Credit Rating
Frances sovereign credit rating was just downgraded by the rating agency Fitch, which warned that the nation’s economy was likely to endure some level of damage as the nation protests…
Taiwan Slips Into Recession On Weak Global Demand For Tech
According to preliminary figures released by the Taiwanese Directorate General of Budget Accounting and Statistics on Friday, in the first quarter of 2023, Taiwan’s economy, dependent on lagging exports, slipped…
Argentina Hikes Benchmark Rate 1000 Basis Points Amid Spiraling Inflation
On Thursday, Argentina’s central bank announced it raised its benchmark interest rate by 10% to 91%. It was the second large rate hike the bank enacted within a week, following…
Eastern Europe Is Going Into Debt Over Inflation, Energy, And The War In Ukraine
A new report from Bloomberg on Tuesday revealed that so far this year, countries in Eastern Europe have borrowed $32 billion, an increase of 300% over the same period last…
Chief Economist Of The Bank Of England – Brits Need To Accept They Are Poor Now And Wages Are Low
Huw Pill, Chief Economist at the Bank of England, told British citizens on Tuesday that British households and businesses are going to need to accept that that they are now…
Argentina Raises Benchmark Rate To 81% As Inflation Roars
Photo courtesy of Wikipedia As it battles unprecedented inflation, Argentina’s central bank has just increased its benchmark interest rates by 3%. According to data from the regulator’s website, the…
Analysts Upgrade China’s Economic Outlook
On Wednesday, CNBC reported that following an impressive first quarter economic report, global economists are upgrading their full-year forecasts for the Chinese economy. JPMorgan, noting that the latest quarterly report…
UK Sees Incomes Plummet
On Tuesday, the UK Office for National Statistics (ONS) reported that UK household incomes are declining at the fastest pace in more than a decade, as spiraling inflation surges past…
Britain CPI Comes In Highest In Western Europe
According to official data released on Wednesday, in March, UK inflation was over 10% year over year, the highest rate seen among countries in Western Europe. Data released by the…
