March 29, 2024
Economy

Yellen Sounds Alarm on China Roiling World With Industry Ramp-Up

US Treasury Secretary Janet Yellen said she plans to press China in an upcoming visit to the country on a ramp-up in its industrial capacity that’s distorting the global economy. “China’s overcapacity distorts global prices and production patterns and hurts American firms and workers, as well as firms and workers around the world,” Yellen said

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Economy

The triple shock facing Europe’s economy

EUROPE IS not known for its dynamism, but today it looks stagnant by any standard. Frazzled by the energy shock that followed Russia’s invasion of Ukraine in 2022, the European Union’s economy has grown by only 4% this decade, compared with 8% in America; since the end of 2022, neither it nor Britain has grown

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Economy

German economy expected to flatline this year

About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis,

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Economy

German economy to nearly flatline this year, think-tanks say

Frankfurt (Germany) (AFP) – The German economy is expected to barely grow this year, leading economic institutes said Wednesday, as weak demand at home and abroad slows the path to recovery. Issued on: 27/03/2024 – 11:01 2 min Europe’s largest economy will expand by just 0.1 percent in 2024, five think-tanks said in a joint

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Economy

German Economy To Grow By Just 0.1% In 2024: Think-tanks

The German economy is expected to barely grow this year, leading economic institutes said Wednesday, as inflation, high interest rates and weaker exports slow the path to recovery. Europe’s largest economy will expand by just 0.1 percent in 2024, five think-tanks said in a joint statement, a sharp downgrade from their earlier forecast of 1.3

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Economy

Indian economy keeps its shine, with some red flags

India maintained its top position among major emerging market (EM) economies in the February edition of Mint’s monthly EM tracker, buoyed by robust domestic growth and a sharp rebound in exports. The rupee’s performance against the US dollar, while modest, outshone that of its peers, as did the achievements of the domestic stock market, enhancing

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Economy

Why manufacturers need to take the circular economy seriously

Manufacturing supply chains, the foundation of the global economy, are under threat. Credit: 3rdtimeluckystudio via Shutterstock. The circular economy is a fundamentally different approach to how products are designed, produced, and used, in which economic progress is decoupled from the consumption of Earth’s finite resources. Manufacturers can play a key role in reshaping the supply

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Economy

Irish economy to see positive trajectory in 2024, ESRI forecasts – The Irish Times

The Irish economy will resume a more positive growth trajectory this year as declining inflation, the likelihood of interest rate cuts and a robust labour market spur a pickup in activity. In its latest economic commentary, the Economic and Social Research Institute (ESRI) delivered a broadly upbeat assessment of the State’s economic prospects for the

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Economy

HSBC launches $1bn fund for Asean’s digital economy

HSBC has launched a $1 billion Asean Growth Fund to help scale up “platform players” in the region’s digital economy. The aim is to help digital firms achieve economies of scale and grow their asset portfolios. The fund is aiming to support “new-economy names”, established corporates and non-bank financial institutions by “assessing operating metrics tied

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Economy

Larry Fink says India’s love for gold has done little for its economy

Gold can be a good store of value but it does not stimulate economic growth; when someone keeps money in a bank, or invests in a house there’s a multiplier effect that leads to economic activity — “But gold? It just sits in a safe,” he said. India is one of the largest markets for

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