Thu, March 28, 2024

Economy

Inflation

Inflationary Pressure: Georgia’s Economic Resilience

In global economics, addressing inflationary pressure is an ongoing challenge. Georgia’s recent successes, as highlighted by Deputy Economy Minister Vakhtang Tsintsadze, offer a notable example of effective management. This article examines Georgia’s strategies for curbing inflation, focusing on recent achievements and the outlook for the coming year, and considers the broader effects of inflation on …

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Wibest – British Prime Minister: The Union Jack and the Big Ben

A Look into the Resilience of the British Economy

The British economy stands at a critical crossroads amid recent challenges, including speculations around a potential housing market crash UK. Following a contraction in the third quarter of last year, the threat of a recession is looming. Consequently, this raises questions about will the housing market will crash UK. However, despite concerns about sluggish growth …

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u.s. economy

Hyped Economy: The Unpredictable Terrain of 2024

In economic terms, the year 2023 brought an array of surprises, leading to the coining of the term “hyped economy.” This period, characterized by defied predictions and a reevaluation of economic models, sets the stage for 2024’s cautious optimism, influenced by potential interest rate cuts and changes in inflation dynamics. Economic Policy Shifts and Projections …

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Oil

The Impact of Oil Discovery on Guyana’s Economy

The recent agreement between Guyana and Venezuela to settle their territorial dispute over the Essequibo region marks a significant turn, driven in part by the oil discovery in these waters. This discovery, made by ExxonMobil in 2015, has dramatically transformed Guyana’s economic and geopolitical landscape, particularly in the realm of crude oil trading. Economic Renaissance …

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Global economy

Economic Activity: A Cautious Optimism for 2024

In the dynamic landscape of economic activity, the nation approaches 2024 with cautious optimism, anticipating a return to normalcy after the tumultuous years triggered by the COVID-19 pandemic. As the roller coaster of economic fluctuations gradually steadies, key factors such as job market stability, decreasing odds of a recession, and easing inflation create hope. This …

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Iran's gas production rate declined to a minimum since 2012

Eurasian Economic Union Expands Ties with Iran

The Eurasian Economic Union (EEU), led by Russia as a prominent union leader, is reinforcing its position as a regional economic powerhouse. The EEU’s latest accomplishment, a comprehensive free trade agreement with Iran, marks a pivotal step in its collaborative economic endeavours, opening new avenues for growth and reinforcing existing ties. EEU and Iran’s Flourishing …

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European Commission and economic forecasts

Inflation Rates in Europe: Festive Finances Struggle

Families across Europe are adjusting to a frugal holiday season amid high inflation rates in Europe, reshaping Christmas budgets to cope with the economic squeeze. The European Union (EU) statistical office, Eurostat, reports a fluctuating scenario, with the annual EU inflation rate standing at 2.4 per cent in November. Inflation’s Impact on Household Budgets and …

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The state of the local labor market

Navigating the Challenges in a Tight Labour Market

As the year draws to a close, the American economy is showing signs of renewed vigour, a crucial aspect of the tight labour market. One notable indicator of this tight labour market is the slight increase in new unemployment claims. This article delves into key labour market information, examining how recent economic trends are influencing …

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Cryptocurrencies and Georgia

Gudauri Ski Resort Unveils Infrastructure Upgrade

Nestled in the picturesque landscapes of Georgia, Gudauri Ski Resort is undergoing an exciting transformation. It is re-emerging as a refreshed destination for winter sports enthusiasts. Georgian Economy Minister Levan Davitashvili recently announced a substantial investment of ₾70 million ($26 million) into Gudauri’s infrastructure. It will enhance the visitor experience and reaffirm Georgia’s ambition to …

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global economy

Cambodia GDP: A Resilient Economy Amid Global Issue

In 2023, Cambodia’s economic landscape, underscored by a growing Cambodia GDP and robust Cambodia GDP per capita, has demonstrated remarkable resilience amidst global economic challenges. Despite facing issues like weakened global demand and a real estate slowdown, Cambodia’s GDP continues to grow. Economy and Finance Minister Aun Pornmoniroth recently provided insights into the nation’s economic …

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China's economy

Economic Activity in China And Global Challenges

In the ever-evolving landscape of global economics, China stands as a beacon of resilience and dynamism, overcoming challenges through strategic economic planning. Selcuk Colakoglu, director of the Ankara-based Turkish Center for Asia-Pacific Studies, recently highlighted China’s economic prowess amidst global uncertainties. This article delves into the factors propelling China’s economic activity, examining its planned economy …

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The Middle East is in oil crisis due to the Coronavirus

Israel-Gaza Conflict: A Regional Economic Quandary

The Israel-Gaza conflict, involving Israel and Hamas, extends its consequences far beyond the immediate battleground, impacting regional stability and diplomacy. The recent U.N. study highlights economic repercussions, emphasising the imminent impact on neighbouring Arab economies as the conflict intensifies. Economic Fallout and Regional Ramifications The conflict’s economic toll exacerbates existing fiscal pressures, sluggish growth, and …

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Diverse Israeli Tech becomes available for New Gulf Allies

Arab Country: Economic Fallout Amidst Gaza Crisis

The recent Israel-Gaza conflict has left a profound impact not only on the immediate parties involved but also on neighbouring Arab countries. As these nations grapple with existing fiscal challenges, the war’s economic cost is proving to be an additional burden. This will push many towards the brink of poverty and exacerbate regional economic instability. …

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Recovery of Chinese stock markets on the wings of good news from the USA

Chinese Economy and Its Impact on Global Inflation

The Chinese economy, often hailed as the “new China” in the global economic landscape, is facing a deflationary trend that could have far-reaching consequences, particularly for Western economies. As China grapples with economic challenges, analysts suggest the West might find unexpected benefits amid Beijing’s woes. China’s Deflationary Trend and Its Implications China’s consumer price index …

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