The huge loss of purchasing power and high price inflation in Germany for energy are leading the economy into recession and the worst crisis of the last 50 years,
While Marc Schattenberg, of Deutsche Bank Research, predicted a drop in Gross Domestic Product (GDP) of up to 3.5 % next year, other…
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inflation
The Bundesbank forecasts a recession and double-digit inflation in Germany
The German economy is headed for a prolonged economic recession until next year and inflation will remain at double-digit levels, the Bundesbank forecast in its monthly report released today.
"There are growing signs of a recession in the…
Germany has the most expensive fuel among its European neighbors
With the end of the so-called gasoline discount at the end of August, fuel prices in Germany were again the most expensive among its neighboring countries in the European Union, the Federal Statistical Office (Destatis) reported today.…
US inflation slowed in August
Inflation in the United States stood at 8.3 % last August, which represents a decrease of two tenths compared to July, thus chaining two months of moderation, according to the data released this Tuesday by the Bureau of Labor Statistics of…
The Fed must act directly to control inflation
The President of the United States Federal Reserve (Fed), Jerome Powell, indicated that the monetary authority must act "directly" to contain the rise in prices and comply with its mandate, which opens the door to another bulky rise in…
Swiss unions ask for salary increase as inflation rises
The increase in gas and electricity prices, among the main consequences of the inflationary escalation in Europe, has led Swiss unions to request wage increases of between 4 and 5% to meet expenses.
It is no secret to anyone that the rise…
Government of Portugal will give aid to households against inflation
The Prime Minister of Portugal, António Costa, announced on Monday a series of government measures that seek to help citizens face inflation, which includes an aid plan for 2.4 billion euros.
According to Costa, a check for 125 euros per…
The IMF calls for no increase in public spending
The managing director of the International Monetary Fund (IMF), Kristalina Georgieva, considered it incorrect to increase public spending to deal with inflation, for which she invited countries to take measures to support the most…
August inflation in Venezuela was 17.3 %
Inflation in Venezuela registered an increase of 17.3 % in August compared to the previous month, which represents the highest price variation in the last 12 months, according to data published by the Venezuelan Finance Observatory.
With…
ILO indicates reduction in unemployment rate in Latin America
Recent estimates from the International Labor Organization indicate a drop in the unemployment rate in Latin America and the Caribbean when comparing figures with the same period in 2021.
According to the ILO, the previous year, the…
The Netherlands will raise the minimum wage in 2023
The Government of the Netherlands announced that a 10 % increase in the minimum wage is planned for 2023.
The measure, which will be accompanied by the injection of some 15,000 million euros, aims to deal with the effects of inflation, as…
Eurozone faces a moderate recession
The economy of the Eurozone is facing a slowdown after the strong rebound in growth experienced, which could even become a "moderate recession", but far from a crisis scenario like that of 2008, according to the chief economist of the…