The US daily Washington Post published an article on Tuesday, citing that Chinese authorities ordered factories to suspend production in several regions major manufacturing plants to preserve electricity as the country grapples with its worst heat wave in six decades. Featured Comments “The sichuan provincewhere more than 80 million people live,announced on Monday that factories […]
Tag: GDP
New permanent and extraordinary measures amounting to 4.5 billion for the two years 2022-2023
By Tasos Dasopoulos Continuing to support citizens with measures amounting to 3 billion euros until mid-2023 and new, permanent interventions amounting to more than 1.5 billion euros for the next year is planned by the economic staff despite the impending peak of the energy crisis in the autumn and of increasing the cost of money. […]
GBP/USD: Break below 1.2110, opens doors at 1.20 – BBH
The British pound is retreating on Friday in the market, even despite better than expected data from the UK. GBP/USD trades in the 1.2120 zone, according to analysts at Brown Brothers Harriman, the break of 1.2110 could enable a drop towards 1.20. Key Statements: “A break below 1.2110 would test 5th Aug low near 1.20“. […]
Russia: How Putin’s War Set Economy Back 4 Years in One Quarter
President Vladimir Putin’s invasion of Ukraine pushed the Russian economy back four years in the first full quarter since the attack, putting it on track for one of the biggest recessions on record, albeit less steep than initially feared. In a grim account of the war for Russia, an economy that was picking up speed […]
The pros and cons of high inflation
By Tasos Dasopoulos The persistently high inflation that we have been experiencing for about a year, reaching 11.6% in July, has significantly reduced the purchasing power of our incomes and is squeezing GDP due to the increased value of imports of fuel and raw materials. However, it also has some, few, positive sides. It significantly […]
Breaking News!: UK Preliminary GDP Contracts 0.1% QoQ in Q2 vs. -0.2% Expected
UK quarterly GDP contracted 0.1% in the second quarter, versus -0.2% expected. UK GDP came in at -0.6%m/m in June vs. -1.3% expected. The British economy contracted 0.1% quarter-on-quarter in the three months to June.compared to the growth of 0.8% registered in the first quarter and the -0.2% expected. In annual terms, UK GDP grew […]
Marginal contraction for the UK economy in the second quarter
The UK economy shrank slightly in the second quarter of the year as the cost of living crisis appears to be weighing on the country. In particular, the data published showed that Great Britain’s GDP shrank by 0.1% in the second quarter of the year, however, “beating” market estimates that expected a decrease of 0.3%. […]
US: Atlanta Fed GDP for the third quarter rises to 2.5%
According to the Federal Reserve Bank of Atlanta’s GDPNow model, The US economy is expected to grow at an annualized rate of 2.5% in the third quarter, down from 1% in the previous estimate. “Following recent releases from the U.S. Bureau of Labor Statistics and the U.S. Census Bureau, the current forecast for third-quarter real […]
Germany: Economic prospects are fragile – Christian Lindner
The German Finance Minister, Christian Lindner said on Wednesday that the economic outlook for the eurozone powerhouse is fragile.. Previously, Lindner had said that high inflation in Germany was eroding economic fundamentals. Germany is bearing the brunt of the war between Russia and Ukraine, while the European gas crisis worsens. The economy is on the […]
German Economy to Lose Over €260 Billion of Added Value Due to Ukraine War and High Energy Prices – IAB Study
According to a study by the Employment Research Institute (IAB), the German economy will lose more than €260 billion in value added by 2030 due to the war between Russia and Ukraine and high energy pricesas reported by Reuters on Tuesday. Additional data “Compared to the expectations of a Europe at peace, Germany’s gross domestic […]