High inflation and escalating interest rates are hampering Germany’s economy, leading to job market impacts, according to a recent IAB study. According to the report, job opportunities are as scarce as during the pandemic. For 2023, the study predicts a rise in unemployment by 190,000. Another 60,000 will be jobless in 2024. Long-term unemployment is […]
Related Posts
China’s Economic Growth Exceeds Expectations in 2023
In 2023, China’s economy showcased significant resilience, achieving a growth rate of about 5.2%. This growth exceeded the government’s initial target, demonstrating the country’s economic strength. Prime Minister Li Qiang announced this achievement at the Davos World Economic Forum, marking a pivotal moment in China’s economic narrative. This increase in GDP surpassed the 5% growth […]
Argentina’s Bold Step Towards Economic Freedom
Argentina’s President Javier Milei has launched a 366-article decree to deregulate the nation’s crippled economy. Announced through national broadcasts, the decree targets oppressive legal and institutional structures, aiming for national rejuvenation. It declares a public emergency across various sectors until the end of 2025. The decree mandates nationwide deregulation of trade, services, and industry. Milei […]
Global Markets React to U.S. Payroll Data
This Friday morning, New York’s future indices are declining after the ADP report revealed an unexpected rise in private-sector jobs. The market is now focused on the upcoming U.S. payroll data. These figures will shed more light on the labor market’s condition and, by extension, the U.S. economy. In Brazil, the IGP-DI index, expected to […]