UK Economy Is Worst Among G7
On Thursday, the British Office of National Statistics reported that the UK economy contracted more than had previously been estimated in the third quarter, putting it farther behind other advanced economies.…
Morgan Stanley Upgrades China’s Growth Forecast
China’s forecast for economic growth in 2023 is looking more optimistic, according to analysts from Morgan Stanley, who are predicting an earlier and more aggressive rebound in activity now. The…
Finnish Inflation Hits 40 Year High
November saw annual inflation in Finland accelerate, according to official data put out Wednesday. It was the highest rate of price growth since a 9.2% reading was calculated in 1983,…
Millions Of Britons To See Living Conditions Decline
According to a new report by the New Economics Foundation (NEF), in the UK the cost of living crisis is about to skyrocket to among the worst in modern times,…
As Dutch Inflation Soars, Prospects For Growth Wane
New data released Thursday by Statistics Netherlands (CBS) shows that in November, Dutch food prices have increased 15.7% compared to last year. Compared to the same month last year the…
Japan Heads Toward Recession
Capital Economics says Japan, the third-largest economy in the world, is likely to enter a recession next year. The warning came in an interview with CNBC Tuesday, as the nation’s…
Egypt Joins BRICS Alliance
The New Development Bank (NDB) of the BRICS group of major emerging economies has welcomed Egypt to the Brics alliance, according to an announcement by the Egyptian government Wednesday. Established…
UK Faces A Decade Of Lost Growth
The UK economy looks set to shrink 0.4% next year as high inflation persists and companies withold investment to weather the broader economic headwinds, according to a warning from the…
Russia Orders Replacements For Apple And Google Pay
On Monday, Kommersant news outlet reported that the Russian payment system has ordered Russian banks to develop alternatives to replace Apple Pay and Google Pay. The report noted, the National…
EU Trade Committee Head Says, EU Should Sue US Over Inflation Reduction Act
In an interview with the Berliner Morgenpost newspaper on Saturday, Bernd Lange, head of the European Parliament’s Trade Committee said he felt the EU should file a lawsuit with the…
