Japanese consumer prices, excluding food, rose in March for the 15th consecutive month. This time, the growth was 0.9% against the backdrop of rising energy prices. The value of kerosene has jumped by 13.3% and that of gasoline by 7.5%, said the ministry of interior and communications. The main inflation, which does not take into
German economy confidence has shown negative values for the first time since July 2016, adding fears of a trade war between the US and China and the conflict in Syria. The Business Climate Index of the Center for European Economic Studies, ZEW, reached 8.2 points in April, down from 13.3 points from March. “The reasons
The US inflation accelerates in March with the fastest pace since more than an year, providing the Federal Reserve’s speed in anticipation of a further increase in interest rates over the year. The core consumer price index, excluding unstable food and energy prices, reported an increase of 2.1% in March on an annual basis. For
The Governor of the Japanese Central Bank Haruhiko Kuroda stressed that he was determined to maintain a massive program of incentives, although he was optimistic about achieving the 2% inflation target. Haruhiko Kuroda said the Japanese economy will continue to grow moderately, as rising household incomes lead to a gradual increase in consumption. “With productivity
Ian Balina, who is an influential Blockchain and Cryptocurrency Investor and Evangelist was recently hacked during his live stream. Balina attempted to access his Google account during the stream to display a document: After realizing that he couldn’t access his account, he continues his stream without access to the document and says he’ll “take care of
German industrial production shrank surprisingly in February, according to official statistics of Destatis. These data are a signal to weaken the good upward momentum of Europe’s leading economy in the new year. The German industrial production declined by 1.6% in February compared to the previous month, when it recorded an anemic growth of 0.1% and
The Turkish economy overheats and this could be just as much a problem for President Recep Tayyip Erdoгan as for the country’s creditors. The Turkish president needs guarantees that there will be no economic difficulties threatening his chances in the next election. The TRY is bending under the weight of the growing current account deficit
The ruling Hungarian conservative party Fidesz won convincingly the parliamentary elections, giving Viktor Orban a third consecutive term in office. According to official estimates, based on 93% of the votes, Fidesz and its junior coalition partner, the Christian Democratic People’s Party, will have 133 seats out of a total of 199 in the new parliament.
Russia fails to reach the standard of living of developed countries. Given on the country’s gross domestic product (GDP) by purchasing power parity (PPP) per capita, Russia is in a group with Equatorial Guinea, Bulgaria and Romania. And if for some such a group is a success, then for Russia this is rather a failure.
The fear of trade wars, triggered by US ideas on import duties for Chinese goods, is already affecting the development of the economy. The fears affect borrowing costs and stock prices, Benoit Coeure, a member of the European Central Bank (ECB). “None of this supports economic growth or employment”, said he. “The effect of anticipated