Macroeconomics
Property boom coming to an end, report warns
The property boom is coming to an end, according to a study by Swiss bank UBS, with Frankfurt and Toronto topping the list of imbalanced markets.
The bank's annual study of the world property market looked at prices in 25 major cities across the globe.
- Read more about Property boom coming to an end, report warns
- Log in to post comments
Inflation in Germany hits a 70-year High
German annual inflation accelerated in September to 10%, hitting the highest level in more than 70 years, according to final unrevised data from Germany's official statistics agency Destatis.
The consumer price index (CPI) rose 1.9 percent in September from August, when it rose 0.3 percent, marking the strongest monthly gain since March, when it jumped 2.5 percent.
- Read more about Inflation in Germany hits a 70-year High
- Log in to post comments
South Korea raises interest to tame inflation
South Korea's central bank yesterday hiked its key interest rate by half a percentage point to a decade high as it tries to tackle surging inflation and support the plunging won.
- Read more about South Korea raises interest to tame inflation
- Log in to post comments
IMF cuts 2023 global growth, warns major economies to stall
Global growth is expected to slow further next year, the International Monetary Fund (IMF) has said, downgrading its forecasts as countries grapple with the fallout from Russia's invasion of Ukraine, spiraling cost-of-living and economic downturns.
IMF: There is a Danger of Recession in the World Economy in 2023, Bulgaria with Slow Growth
A sharp tightening of financial conditions amid high inflation could lead to a recession in the global economy in 2023, according to the International Monetary Fund's (IMF) World Economic Outlook report released today.
Producer prices in agriculture down in August
The Agriculture producer price index declined by 4.34 percent in August from the previous month, the Turkish Statistical Institute (TÜİK) has said.
On the back of the August data, the annual increase of the index slowed from 158 percent in July to 142.4 percent last month.
- Read more about Producer prices in agriculture down in August
- Log in to post comments
Driven by consumers, US inflation grows more persistent
U.S. inflation is showing signs of entering a more stubborn phase that will likely require drastic action by the Federal Reserve, a shift that has panicked financial markets and heightens the risks of a recession.
‘Certainly a risk’ of US recession, Yellen says
The United States faces "a risk" of recession as its battle against inflation could slow the nation's economy, but a serious downturn can still be avoided, Treasury Secretary Janet Yellen has said.
- Read more about ‘Certainly a risk’ of US recession, Yellen says
- Log in to post comments
Higher rates unlikely to cause deep US recession: Powell
The last time the Federal Reserve faced inflation as high as it is now, in the early 1980s, it jacked up interest rates to double-digit levels and in the process caused a deep recession and sharply higher unemployment.
On Sept. 8 Chair Jerome Powell suggested that this time, the Fed won't have to go nearly as far.
Annual inflation rate at 80 percent
Consumer prices in Türkiye increased by 1.46 percent in August from the previous month, easing from the monthly increases of 2.37 percent in July and 4.95 percent in June, data from the Turkish Statistical Institute (TÜİK) have shown.
Consequently, the annual inflation rate advanced from 79.6 percent in July to 80.2 percent last month.
- Read more about Annual inflation rate at 80 percent
- Log in to post comments