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Reuters (June 23)

2023/ 06/ 25 by jd in Global News

“Chinese faith in the economy is shaken…. Those who thought property was a one-way winning bet are rushing to pay down mortgages. With industrial profits plunging, companies are exhibiting similar conservatism.” Confronting this “double whammy of depressed consumption and investment is raising fears of long-term stagnation similar to Japan’s ‘lost decade’ in the 1990s.” Without successful countermeasures, “China risks slowly slipping into the same outcome.”

 

Atlanta Journal Constitution (June 23)

2021/ 06/ 25 by jd in Global News

“American leisure air travel is bouncing back quickly after plunging last year. But it could take months or years for business travel to return to normal—if ever—even as more companies prepare to bring workers back to offices.” For metro Atlanta’s economy and Hartsfield-Jackson International Airport, “that spells uncertainty.”

 

Bloomberg (October 25)

2019/ 10/ 27 by jd in Global News

“Thanks partly to the plunging costs of renewable energy… coal is in rapid retreat all over the world.” It is “dying faster than anybody expected” and not just in America’s heartland. “The profitability of coal-fired power is plunging” in Germany and “demand is dying even in Southeast Asia, long seen as a sort of industry firewall.”

 

The Economist (January 16)

2016/ 01/ 18 by jd in Global News

“Since the new year, the price of oil has surprised even the most bearish punters, plunging by 18%.” With prices already dipping below $30 a barrel, few know how low oil will go or when prices will begin to recover. Analysts have placed the bottom as low as $10, with April deliveries calculated at “anything from $25 to $56 a barrel.” The only thing everyone agrees on is that current supply vastly outstrips demand.

 

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