The World Trade Organization (WTO) announced that global merchandise trade growth in volume this year will be just 0.8 %, which represents less than half of the initial April projection of 1.7 %. This drastic slowdown is attributed to rising geopolitical tensions and inflation.
WTO Director-General…
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slowdown
G20 GDP had a slowdown in growth during the second quarter of the year
The G20 Gross Domestic Product (GDP) experienced a slowdown in the second quarter, registering growth of 0.7 %, three tenths less than in the previous quarter. China played a significant role in this phenomenon, although most of the world's…
Colombia forecasts economic growth and inflationary challenges
The Colombian Government has released its calculations regarding the expected increase in the country's Gross Domestic Product (GDP) for this year, setting the estimates between 1.8% and 2%, as reported by Europa Press on August 17, 2023.…
German inflation slows to 10 % in November
The consumer price index (CPI) in Germany stood at 10 % in November, which represents a slowdown of four tenths compared to the year-on-year increase registered in October and the same figure as in September, according to the data advance…
IMF: Venezuelan economy will be saved from the slowdown
According to the most recent Economic Outlook report of the International Monetary Fund (IMF), Venezuela will show the second-highest economic growth in Latin America in 2022 and the best performance in the region in 2023.
For the…
IMF forecasts slowdown in world economic growth of 3.2 %
The International Monetary Fund has published its report on global economic growth, in which it forecasts a slowdown of 3.2 % for the rest of 2022.
Among the reasons for this trend, the agency points out: “Several shocks have affected a…
Cryptocurrency ATM Installation Down 90%
Global ATM installations fell steadily so far in 2022, registering the lowest number in May with 205 new equipment, which is equivalent to a drop of around 89.75% in the month, a figure that was not seen since 2019. However, so far in June…
The IMF forecasts that Peru’s economy will grow by 3 % in 2022
The International Monetary Fund (IMF) estimates that Peru's GDP will grow by 3 % in 2022, after having rebounded by 13.3 % in 2021 after the historical collapse of 11 % in 2020.
In the conclusion of Article IV on the Andean country, the…
OPEC and allies consider applying more production cuts
Iraq and Nigeria are among the nations that have not properly complied with the commitment to reduce crude oil supplies, according to an agreement forged to direct barrel prices in the international market agreed in OPEC.
For its part,…
Economy stagnation in Spain reduces job creation
The Spanish economy is suffering serious complications and not a slight cooling as the government of the day has announced, creating a slowdown in the economy limiting the labor market. The Bank of Spain ensures that the rate of job…
Venezuelan inflation reached 905.6% in five months according to AN
The cumulative inflation so far this year in Venezuela is 905.6% and the annual inflation is 815.194%. The numbers indicate that the deceleration of the price indicators represent a concrete fact. Venezuela has not abandoned the…
European Central Bank prepares plan against recession
Facing the recession in Europe requires drastic measures. In this regard, the European Central Bank has established a long-term financing plan or TLTRO-III (Targeted Longer-Term Refinancing Operations III).
It consists of granting loans to…