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February 2024
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Reuters (February 5)

2024/ 02/ 06 by jd in Global News

“Prolonged factory deflation is threatening the survival of smaller Chinese exporters who are locked in relentless price wars for shrinking business as higher interest rates abroad and rising trade protectionism squeeze demand.” Fifteen months of falling producer prices have crushed “profit margins to the point where industrial output and jobs are now at risk,” further “compounding China’s economic woes, which include a property crisis and debt crunch.”


CNN (January 15)

2024/ 01/ 16 by jd in Global News

“Germany’s economy shrank last year for the first time since the onset of the Covid-19 pandemic… increasing the risk of an economic contraction in the wider euro area.” GDP dropped 0.3%, both during 2023 overall and during Q4. “The data bodes ill for the entire area that uses the euro because Germany is the largest of its 20 economies.”


Bloomberg (January 11)

2024/ 01/ 12 by jd in Global News

“Years of harrowing losses have left Chinese stocks with a diminished standing in global portfolios.” The trend is “likely to accelerate as some of the world’s biggest funds distance themselves from the risk-ridden market.” Furthermore, what began “as a performance-driven exodus now risks becoming a structural shift due to a toxic combination of doubts over Beijing’s long-term economic agenda, a prolonged property crisis and strategic competition with the US.”


Reuters (January 8)

2024/ 01/ 08 by jd in Global News

“The world is full of danger. The planet starts 2024 with war in Gaza and Ukraine, superpower rivalry, climate change and slow growth. The possible return of Donald Trump as U.S. president is another risk…. It’s easy to see how the world’s multiple overlapping crises – what some observers have labelled the ‘polycrisis’—could feed on one another, creating a doom loop.” But none of this is inevitable. “There are more optimistic scenarios, and some silver linings in the pessimistic ones.”


Financial Times (December 23)

2023/ 12/ 24 by jd in Global News

“The UK economy shrank slightly in the third quarter.” Revised figures “highlight the country’s struggle to shake off its low-growth performance and raise the risk of a technical recession…. The UK economy is stuck in a lacklustre state as it struggles with high borrowing costs and the legacy of the worst inflationary upsurge for a generation.”


Reuters (December 23)

2023/ 12/ 24 by jd in Global News

In 2024, “the global trade war will shift from fossil fuels to metals and raw materials. Russia’s invasion of Ukraine highlighted the risk of relying on autocratic states for energy. Even if Europe’s gas crisis eases, Western manufacturers’ focus will switch to reducing China’s dominance in materials key to a cleaner economy.”


Guardian (September 21)

2023/ 09/ 24 by jd in Global News

“Europe’s apparent rightwards drift is not a fait accompli. But there is a risk that, as mainstream parties accommodate more and more of the radical right’s agenda, it becomes one. Years of austerity, followed by the pandemic and the Ukraine-related cost of living crisis, have led to chronic economic insecurity for less well-off Europeans. That has created an opening for ugly political movements and populist leaders to exploit.”


New York Times (September 7)

2023/ 09/ 08 by jd in Global News

“Shares in Apple, the world’s most valuable public company, continued to tumble on Thursday” amid reports of a China “ban on iPhones for government workers.” Apple looks poised “to lose $200 billion of market value, with shares falling about 6 percent over two days to roughly $175.” Ultimately, however, “the ripples will be felt more broadly: If one of the most successful operators in the world’s second-largest economy is at risk, can any Western company thrive there?”


Reuters (August 17)

2023/ 08/ 17 by jd in Global News

“Headline inflation in the euro zone has halved in the past nine months and was 5.3% in July. But that’s not good enough for ECB hardliners. They want to see the core number, which excludes energy, food, alcohol and tobacco, come down sharply before putting an end to the unprecedented climb in the bloc’s interest rates. That measure is falling more slowly and was running at 5.5% in July.” The ECB obsession over core inflation increases the “risk of policy mistake.”


New York Times (June 11)

2023/ 06/ 12 by jd in Global News

“Mr. Trump’s recklessness in retaining and showing off military secrets is both arrogant and breathtaking. It put the lives of American soldiers at risk. These are some of the United States’ most closely guarded secrets — so sensitive that many top national-security officials can’t see them — and Mr. Trump treated them like a prize he had won at a carnival. These actions underscore, yet again, why he is unfit for public office.”


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