The World Bank, a major financial body, recently forecasted a notable decline in global economic performance from 2020 to 2024. This period is expected to see the weakest growth in three decades. In their latest report, released on January 9, 2024, the World Bank highlighted this downturn. The focus was on Gross Domestic Product (GDP) […]
Related Posts
Mozambique’s Economic Downturn in Late 2023
In the last quarter of 2023, Standard Bank’s Purchasing Managers’ Index (PMI) reported a decline in Mozambique’s private sector economic activity. The PMI is a key indicator of economic health. Scores above 50.0 indicate business improvement, while below 50.0 suggest decline. In December, the PMI fell to 48.4, indicating a contraction for the second consecutive […]
Argentina’s Labor Law Shake-Up: Milei’s Reform Overturned
Argentina today experienced a significant legal change concerning President Javier Milei’s labor reform, included in a comprehensive decree. The higher court ruled the labor section of the decree unconstitutional, impacting the revision of 366 laws for economic deregulation. This ruling specifically targets Title IV (Articles 53 to 97) of the Decree of Necessity and Urgency […]
Tech Titans Triumph: Nvidia Leads 2023 Surge
The year 2023 emerged as a landmark period for the tech industry, with Nvidia shining brightly among its peers. Investors reaped significant benefits, particularly those with stakes in the tech sector. The Nasdaq Composite, a benchmark for top tech firms, climbed 44%. Although it didn’t eclipse the peak of 2021, the index still closed impressively […]