On the 15th of November, the German Federal Constitutional Court made a dramatic ruling that immediately caused a severe freeze in public spending, a situation that the country has never explored before in modern history. The verdict is not just a verdict of some sort because it blocks EUR 60 billion (USD 65 billion) in public spending which is a...

During the high inflation period that followed the Covid-19 crisis, the British economy really got hurt with the highest inflation levels among all Western countries. Interestingly, the current inflation level still remains higher than on the European continent and in the US. This is despite the drop in inflation to 3.9 per cent in November, though just following the global...

The US central bank really handed out large Christmas gifts on Wednesday the 13th of December. The result of the monetary policy meeting was to keep the rates at a long-term high. However, the comments from the Federal Reserve Bank (Fed) were the reason for the cheer in the financial markets. Maybe the cheers are so loud because it, after...

At the start of the year, Brazil witnessed the beginning of Luiz Inacio Lula da Silva's third term as president. Concurrently, the financial failure of a large retailer and subsequent credit events disrupted the market. In an environment of high interest rates, several medium and large companies have filed for bankruptcy or bankruptcy protection. Notwithstanding, the Central Bank of Brazil...

China is back to its robust growth path after the COVID-19 pandemic threw away its 28-year streak of above-6 per cent annual growth. In 2022, the second-largest economy grew only by 3 per cent, but has picked up the pace to an average of 5.2 per cent from January-September this year. The rebound trajectory remains uncertain with other uphill issues...

India currently holds twin accolades in the world: it is on track to surpass China as the most populous nation and is one of the fastest growing economies in the world. Estimates from the United Nations World Population Prospects data place India as home to 1.429 billion in 2023, higher than the 1.426 billion projection for China for the year....

All over the world, one can feel that work needs to be done to keep growth going. Our assessment remains that the eurozone will have the toughest time, and now I see cold headwinds well into 2025 i.e. another 1½ year. Graph one illustrates the situation in the eurozone, showing an overall picture of confidence in the economy among a...

Japan has not been spared from rising inflation globally, but monetary policymakers continue to swim against the tide as their response to surging prices. The world’s third-largest economy saw headline inflation climb to 3.5 per cent in April and again to 3.3 per cent in October, cutting short any signs of deceleration. The monthly reading, however, remains slower than January’s...