economo.co.uk
economo.co.uk
CRITIC
img-contested
N/A
1 reviews
PUBLIC
img-contested
N/A
0 reviews
RECENT ARTICLES
NO RATING
Investors are worried about the growing number of coronavirus cases - Economo

Investors are worried about the growing number of coronavirus cases - Economo

The growing number of people infected with the coronavirus and its possible effect on the economy has recently weighed heavily on the stock markets again. German DAX 30 lost nearly 5% last week. That is why investors will have to be prepared for stock market fluctuations in the coming days.Because in addition to the pandemic, there are various other risks, such as the US presidential election and the negotiations with Britain after its withdrawal from the European Union: “They can repeatedly lead to market downturns”, said DZ Bank analysts. However, most investment professionals do not...

economo.co.uk
Viliyana Filipova
2d ago
Worthy
Share
Save
Give Tip
Review
NO RATING
Is the ECB ready to keep inflation above 2%? - Economo

Is the ECB ready to keep inflation above 2%? - Economo

Francois Villeroy de Galhau, a member of the Governing Council of the European Central Bank, signaled that he was ready to let inflation rise above the institution’s target by close to but below 2%.The Governor of the French Central Bank said that the current target for price growth is often misinterpreted as a ceiling, the achievement of which automatically activates a tighter monetary policy. Instead, the target should be seen as “proportionate”, he said during an online conference.“As a result, we may be willing to accept inflation higher than 2% for some time. We need to examine whether...

economo.co.uk
Silvia Hristova
2d ago
Worthy
Share
Save
Give Tip
Review
NO RATING
The next crisis may start by commercial mortgage-backed securities - Economo

The next crisis may start by commercial mortgage-backed securities - Economo

It is not yet realized that the death of US Supreme Court Justice Ruth Bader Ginsburg has significantly increased the likelihood of a financial crisis in America this fall. The continued leniency of creditors and trustees, the repeal of rules, and a firm belief in further fiscal stimulus depended on the assumption that Congress would be open to negotiations between the parties. The possibility of an agreement was overshadowed by Democrats’ anger at President Donald Trump’s insistence that Ruth Bader Ginsburg’s successor is appointed before the election.Recent requests from Federal Reserve...

economo.co.uk
Stefani Igaz
2d ago
Worthy
Share
Save
Give Tip
Review
NO RATING
China is backing down from economic reforms - Economo

China is backing down from economic reforms - Economo

China is the only major world economy that is experiencing any economic growth today. It was the first to enter Covid-19, but also came out first, growing by 3.2% in the last quarter, while the US economy shrank by 9.5% and other developed economies experienced double-digit declines. High-tech surveillance, comprehensive testing, and aggressive top-down control measures have allowed China to control the virus while others have suffered. The Celestial Empire may even achieve modest economic expansion in 2020.This rebound is real, but beyond the short-term figures, the economic restart is...

economo.co.uk
Svilen Petrov
5d ago
Worthy
Share
Save
Give Tip
Review
NO RATING
The German government adopted the federal budget for next year - Economo

The German government adopted the federal budget for next year - Economo

German Chancellor Angela Merkel’s cabinet has adopted next year’s federal budget, which envisions new claims of 96.2 billion EUR to support the economy.As part of the plan, which must be approved by parliament, the constitutional restrictions on federal claims will be lifted next year. For 2020, the ceiling was suspended and the new debt reached a record 218 billion EUR.In March, Germany abandoned its long-standing balanced budget policy in order to provide a large-scale stimulus package to help the economy due to the coronavirus crisis. Angela Merkel and Finance Minister Olaf Scholz have...

economo.co.uk
Viliyana Filipova
7d ago
Worthy
Share
Save
Give Tip
Review
NO RATING
Federal Reserve needs several months with inflation of 2% to raise interest rates - Economo

Federal Reserve needs several months with inflation of 2% to raise interest rates - Economo

Federal Reserve Deputy Governor Richard Clarida said the central bank would not consider raising interest rates until it reached 2% inflation in at least a few months, as well as full employment.“We won’t even start thinking about raising them until we actually get 2% inflation, which we measure on an annual basis”, said Richard Clarida in an interview.Last week, the Federal Open Market Committee signaled that rates would remain close to zero until 2023 and adapted its post-meeting statement to reflect its new strategy – to allow inflation to rise above 2% after periods of low...

economo.co.uk
Silvia Hristova
6d ago
Worthy
Share
Save
Give Tip
Review
NO RATING
Russia’s dominance in the wheat market is growing - Economo

Russia’s dominance in the wheat market is growing - Economo

Russia seems ready to consolidate its place as the dominant force in the wheat market.In 20 years, the country has shifted from a wheat importer to a market player behind one-fifth of global sales as its fertile soils generate larger harvests at attractive prices. More than 100 countries from Egypt to the Philippines are buying its crop, and Russia is seeking to expand that list of customers by adding markets where its wheat is excluded due to current grain quality rules.This ambition was crowned with success last week when the main buyer Algeria gave Russia the green light to increase...

economo.co.uk
Svilen Petrov
7d ago
Worthy
Share
Save
Give Tip
Review
NO RATING
The services sector stopped the growth of business activity in the Eurozone - Economo

The services sector stopped the growth of business activity in the Eurozone - Economo

This month, the growth of business activity in the euro area almost stopped mainly due to the contraction of activity in the services sector. This comes amid a new rise in coronavirus cases in many countries in the region, which has prompted governments to impose new blockades and restrictions.For its part, the industry has seen its strongest expansion in two years, but even that cannot offset the problems with services.IHS Markit’s overall PMI order manager index for the euro area reached 50.1 points in September, compared with 51.9 points in August. Thus, the meter remains only a step...

economo.co.uk
Viliyana Filipova
7d ago
Worthy
Share
Save
Give Tip
Review
NO RATING
The ECB is launching a major review of its Pandemic Emergency Purchase Programme - Economo

The ECB is launching a major review of its Pandemic Emergency Purchase Programme - Economo

The European Central Bank has launched a major overhaul of its main crisis instrument to address the economic consequences of the coronavirus pandemic.The assessment should determine the effect of the large-scale bond-buying scheme that the ECB launched in March in response to the crisis and expanded to 1.35 trillion EUR in June, two members of the institution’s board of directors told the Financial Times on condition of anonymity.According to them, an important question for the review will be how long the so-called Pandemic Emergency Purchase Programme (PEPP) should continue and whether...

economo.co.uk
Orsolya Harkai
Sep 22
Worthy
Share
Save
Give Tip
Review
NO RATING
US government debt grew at a rate of 58.9% in the second quarter - Economo

US government debt grew at a rate of 58.9% in the second quarter - Economo

US government and business debt rose in the second quarter, even as personal net worth rose and consumer credit fell to record levels.A Federal Reserve report released on Monday showed that the total balance of households in the United States rose to almost 119 trillion USD for the period from April to June, an increase of 6.8% compared to the first quarter.Thanks in large part to the unprecedented fiscal and monetary stimulus, the S&P 500 grew 20% during the quarter.While financial assets grew, debt, at least at the household level, did not change.In fact, consumer credit fell by a record...

economo.co.uk
Viliyana Filipova
Sep 22
Worthy
Share
Save
Give Tip
Review
NO RATING
Crowdfunding as a life belt for journalists - Economo

Crowdfunding as a life belt for journalists - Economo

Two months ago, they resigned loudly in protest of Victor Orban’s seizure of power. Thanks to the success of an online fundraising campaign, journalists from the main information site in Hungary are preparing for a risky return.More than 50 members of the former Index.hu team wants to launch a new site “in the coming weeks”, Telex.hu, after collecting more than 30,000 donations from readers, the total value of which is a secret.“Many Hungarians have realized that their freedoms and democracy are in danger”, said Veronika Munk, 40, who led the new project.The woman worked for Index.hu for 18...

economo.co.uk
Viliyana Filipova
Sep 21
Worthy
Share
Save
Give Tip
Review
NO RATING
China kept its key interest rates unchanged for the fifth month in a row - Economo

China kept its key interest rates unchanged for the fifth month in a row - Economo

China kept corporate interest rates and loans to households unchanged for the fifth consecutive month on Monday in line with expectations. The interest rate on one-year loans (LPR) remained at 3.85%, while that on five-year loans remained at 4.65%.Most new and outstanding loans are based on a one-year LPR, while a five-year interest rate affects mortgage pricing.This decision was made after the Board of Governors of the People’s Bank of China had previously kept the costs of its medium-term loans (MLF) unchanged for the fifth consecutive month.The MLF, one of the People’s Bank of China’s...

economo.co.uk
Viliyana Filipova
Sep 21
Worthy
Share
Save
Give Tip
Review
NO RATING
How the 1970s changed the American economy? - Economo

How the 1970s changed the American economy? - Economo

The US economy underwent a radical change in the early 1970s. The reason for it is still completely unclear. But it can be assumed that changes in energy technology have something in common – with important lessons for our economic future.A new website called “WTF Happened In 1971?” is attracting more and more attention. The site is incredibly simple – a huge series of graphs showing how economic data changed dramatically in the early ’70s. For example, real wages rose steadily in the 1960s but fell sharply after 1973.Part of this was probably due to the fact that productivity growth, one...

economo.co.uk
Viliyana Filipova
Sep 20
Worthy
Share
Save
Give Tip
Review
NO RATING
The Fed will conduct the second stress test of the US banks this year - Economo

The Fed will conduct the second stress test of the US banks this year - Economo

The US Federal Reserve is preparing a second stress test for major US banks this year. The Fed said Thursday that a new test is needed because of the continuing uncertainty caused by the pandemic. The results should be published by the end of 2020.The tests would simulate two hypothetical recessions of varying severity. The Fed also intends to announce by the end of September whether it will continue to ban banks from repurchasing shares and paying dividends from the fourth quarter.As a result of the 2008/09 financial crisis, the Fed tests every year how major US banks can cope with the...

economo.co.uk
Viliyana Filipova
Sep 18
Worthy
Share
Save
Give Tip
Review
NO RATING
World Bank: Coronavirus pandemic threatens health and education - Economo

World Bank: Coronavirus pandemic threatens health and education - Economo

The Covid-19 pandemic threatens the progress made so far in health and education in the region of Europe and Central Asia due to restrictions on the protection of public health, including the closure of schools. This is stated in the latest update of the World Bank’s Human Capital Index (HCI).The findings of a study by the International Financial Institution in March show that before Covid-19, governments made long-term investments in health and education services for young people to ensure the quality of life as adults.Of the 48 countries in Europe and Central Asia included in HCI 2020, 33...

economo.co.uk
Viliyana Filipova
Sep 18
Worthy
Share
Save
Give Tip
Review
NO RATING
The White House is ready to increase the proposal for a new package of incentives - Economo

The White House is ready to increase the proposal for a new package of incentives - Economo

The White House has sent the strongest signal so far that it is ready to increase the proposal for a new package of incentives. President Donald Trump’s cabinet is also advising Senate Republicans to reach an agreement with Democrats to sign the new aid deal within a week to 10 days.Chief of Staff Mark Meadows said the head of state was ready to compromise on the amount of 1.52 trillion USD, proposed by a bipartisan group in the House of Representatives, which aimed to end the months-long stalemate over new stimulus to the US economy.The proposal of a 50-member group contains a larger...

economo.co.uk
Stefani Igaz
Sep 18
Worthy
Share
Save
Give Tip
Review
NO RATING
The Fed plans to keep interest rates low until at least the end of 2023 - Economo

The Fed plans to keep interest rates low until at least the end of 2023 - Economo

The Federal Reserve is expected to keep the key interest rate close to zero and signals that there will be no policy change at least until the end of 2023 to help the US economy recover from the effects of the coronavirus pandemic.The Federal Open Market Committee (FOMC) expects to continue its “adjustable” policy until an average inflation rate of 2% is reached, and expectations for long-term price growth also remain stagnant around this level, the central bank said in a statement on Wednesday.The position reflects the Fed’s new long-term policy, under which inflation will be able to rise...

economo.co.uk
Stefani Igaz
Sep 17
Worthy
Share
Save
Give Tip
Review
NO RATING
Lack of a trade agreement with the EU will cost Britain more than the coronavirus - Economo

Lack of a trade agreement with the EU will cost Britain more than the coronavirus - Economo

The blow to Britain from the failure of negotiations on a trade deal with the European Union (EU) will be more expensive than dealing with the coronavirus, warn economists from Goldman Sachs. The investment bank said the consequences of the lack of a deal were likely to be “two to three times greater” than “the worst pandemic in post-war history”.Last week, the British government withdrew from previous commitments to the EU, increasing the likelihood that the two countries would fail to reach a trade agreement by the end of the year. Such a lack of a deal will lead to higher costs for...

economo.co.uk
Viliyana Filipova
Sep 16
Worthy
Share
Save
Give Tip
Review
NO RATING
The OECD is a little more optimistic about the global economy - Economo

The OECD is a little more optimistic about the global economy - Economo

The global economic downturn will not be as severe as it was earlier this year, although the recovery is slowing and will need some support from governments and central banks. This is the main conclusion in the new forecast of the Organization for Economic Co-operation and Development (OECD).The global economy will shrink by 4.5% this year amid a previous forecast of a 6% decline set in June, the Paris-based institution said, raising expectations in response to the recovery of activity after the end of restrictive measures.There are major revisions to the performance of the United States...

economo.co.uk
Viliyana Filipova
Sep 17
Worthy
Share
Save
Give Tip
Review
NO RATING
WTO: US violates trade rules by imposing tariffs on China - Economo

WTO: US violates trade rules by imposing tariffs on China - Economo

The World Trade Organization (WTO) has invalidated the main justification for US President Donald Trump’s trade war against China, declaring that US tariffs on Chinese goods violate international rules.A panel of three WTO trade experts said that the United States violated global regulations when it imposed tariffs on Chinese goods in 2018. Washington imposed tariffs on Chinese exports worth 400 billion USD.The panel said in its report, “that the United States has not taken its weight in proving that the measures are conditionally justified”.Although the decision supports Beijing’s claims,...

economo.co.uk
Orsolya Harkai
Sep 16
Worthy
Share
Save
Give Tip
Review
NO RATING
Rising government debt casts a shadow over Asia’s economic recovery - Economo

Rising government debt casts a shadow over Asia’s economic recovery - Economo

Bond investors in three of Asia’s largest emerging markets are beginning to oppose a record increase in government loans – a sinister sign for politicians trying to revive economic growth with fiscal stimulus.In India, the declining appetite for government bonds led to the largest increase in government bond issuance in more than two years in August, while the last bond auction in Indonesia garnered the fewest bids since April. At the same time, the rate of government bond issuance in South Korea is accelerating to its highest level in five months.As governments around the world sell...

economo.co.uk
Viliyana Filipova
Sep 15
Worthy
Share
Save
Give Tip
Review
NO RATING
US import prices rose more than expected in August - Economo

US import prices rose more than expected in August - Economo

US import prices rose more than expected in August, and growth from the previous month was sharply revised upwards, supporting claims that inflationary pressures are increasing. The US Department of Labor’s report on Tuesday was preceded by data from last week, showing a further increase in both consumer prices and producer prices in August. However, rising inflation is unlikely to discourage the Federal Reserve from injecting more money into the economy to help recover from the recession.In August, the Fed placed a new focus on the labor market, shifting some of its concerns about...

economo.co.uk
Viliyana Filipova
Sep 15
Worthy
Share
Save
Give Tip
Review
NO RATING
Rising food prices threaten economic recovery - Economo

Rising food prices threaten economic recovery - Economo

This is a sign of the times. In China, teachers fold the leftovers from their students’ lunches. Their diligent austerity follows President Xi Jinping’s call for the country to reduce food waste, in part to be independent of imports.There are several specific reasons why China is worried about food shortages: floods and droughts, growing tensions with food exporters such as the United States and Australia, and the mass slaughter of millions of pigs following last year’s swine flu epidemic. All this had its impact. In July, food prices in China rose 13% year on year.But it’s not just in...

economo.co.uk
Silvia Hristova
Sep 15
Worthy
Share
Save
Give Tip
Review
NO RATING
British economy is recovering from the coronavirus crisis - Economo

British economy is recovering from the coronavirus crisis - Economo

The British economy expanded in July as restrictions on the spread of the coronavirus eased, but rising job losses and the risk of a hard Brexit threaten to cause a stormy end to the year.The country’s gross domestic product grew by 6.6% in July on a monthly basis, with activity stimulated by the resumption of restaurants and bars earlier this month. Economists expected slightly higher growth – by 6.7%. However, the country has managed to regain just over half of the economic output lost during the blockade.Overall, however, the economy remained 11.7% below its level in February before the...

economo.co.uk
Viliyana Filipova
Sep 11
Worthy
Share
Save
Give Tip
Review
NO RATING
The world economy is recovering but growth is slowing - Economo

The world economy is recovering but growth is slowing - Economo

The global economy will stabilize in the three months to September, but there are indications that its recovery will be slow from then on, as the new coronavirus continues to weigh heavily on consumer services and other areas of business.The world economy contracted for the second consecutive quarter in the three months to June, after widespread blockades and separate efforts to avoid the contagion dealt a severe blow to activity.Among the leading G20 economies, the 3.4% decline in gross domestic product recorded in the first three months of the year is already the largest since statistics...

economo.co.uk
Silvia Hristova
Sep 11
Worthy
Share
Save
Give Tip
Review
AUTHORS
Viliyana Filipova

Viliyana Filipova

CRITIC
img-contested
N/A
PUBLIC
img-contested
N/A
Svilen Petrov

Svilen Petrov

CRITIC
img-contested
N/A
PUBLIC
img-contested
N/A
Silvia Hristova

Silvia Hristova

CRITIC
img-contested
N/A
PUBLIC
img-contested
N/A
Orsolya Harkai

Orsolya Harkai

CRITIC
img-contested
N/A
PUBLIC
img-contested
N/A
Stefani Igaz

Stefani Igaz

CRITIC
img-contested
N/A
PUBLIC
img-contested
N/A