Donald Trump’s Best Friends in Eastern Europe Hail His Return (16.11.2024)
Eastern Europe embraced Trump the first time. Now many of the region’s leaders are relishing the return of a man they want to do business with.
US vs. China I Trade Brazil I BLOOMBERG I 16.11.2024
Republican Election Sweep Emboldens Trump’s Tax Cut Dreams (15.11.2024)
The Republican sweep of the presidency and Congress has transformed what could have been a struggle to merely renew Donald Trump’s tax cuts into a multi-pronged campaign to slash levies in new and bigger ways.
US Nationalwide Encounters I BLOOMBERG I 15.11.2024
Die nachhaltige monatliche Wachstumsrate der US-Lohn- und Gehaltssumme dürfte aufgrund einer veränderten Einwanderungspolitik bereits gesunken sein, und den Ökonomen von Evercore ISI zufolge wird es nach der Wiederwahl Donald Trumps zum Präsidenten im Jahr 2025 zu einem deutlichen Rückgang kommen.
Anfang des Jahres schätzte die Gruppe die Zahl auf rund 200.000 – was etwa dem Durchschnitt des ersten Halbjahres entspricht und die Widerstandsfähigkeit der US-Wirtschaft nach den starken Zinserhöhungen der Fed erklärt. Ein hartes Vorgehen der Biden-Regierung gegen Asylanträge zur Jahresmitte hat laut Evercore ISI zu einer Senkung der nachhaltigen Zahl auf möglicherweise 170.000 beigetragen.
Wir gehen davon aus, dass Trumps Einwanderungspolitik die nachhaltige Zahl der Beschäftigten bis zur zweiten Hälfte des nächsten Jahres auf 60.000 bis 70.000 oder etwas mehr senken wird“, schrieben Evercore-Ökonomen, darunter Marco Casiraghi, am Donnerstag in einer Notiz. „Unter Berücksichtigung realistischer Abschiebungen werden die Gesamtauswirkungen der Einwanderungspolitik Trump 2.0 die Nettozuflüsse negativ machen.“
Autumn 2024 Economic Forecast: A gradual rebound in an adverse environment
After a prolonged period of stagnation, the EU economy is returning to modest growth, while the disinflation process continues. However, amid a complex and challenging environment, the outlook remains uncertain, with risks largely tilted to the downside.
What Trump’s picks suggest about how his presidency will go
Loyalty, competence and an appetite for disruption are among the traits he is filtering for
US Inflation Stays Firm for Third Month With 0.3% Core CPI Gain (13.11.2024)
US inflation remained firm in October, underscoring the ongoing risks Federal Reserve officials face in trying to bring price pressures fully under control.
Global Oil Market Faces a Million-Barrel Glut Next Year, the IEA Says (14.11.2024)
Global oil markets face a surplus of more than 1 million barrels a day next year as Chinese demand continues to falter, cushioning prices against turmoil in the Middle East and beyond, the International Energy Agency said.
Global Oil Market Faces a Million-Barrel Glut Next Year, the IEA Says (14.11.2024)
Global oil markets face a surplus of more than 1 million barrels a day next year as Chinese demand continues to falter, cushioning prices against turmoil in the Middle East and beyond, the International Energy Agency said.
Inflation Stops Falling and Needs Subtlety. It's Getting Trump (14.11.2024)
What had been a steady decline is definitely stuck, and it’s feeding through into higher expectations for interest rates next year.
Fed Officials Fret Over How Far They Can Lower Interest Rates (14.11.2024)
Several Federal Reserve officials Wednesday reiterated their deep uncertainty over how far the central bank will need to lower interest rates, highlighting the difficulty policymakers face in trying to determine the right setting to keep the economy on an even keel.
France’s Macron Warns Against Europe Getting Caught in Tariff War (13.11.2024)
Emmanuel Macron warned that Europe risks getting divided by Donald Trump’s economic policy and being thrown into a simultaneous trade war with Washington and Beijing.
China’s Economy Forecast to Show Modest Pick-Up After Stimulus (13.10.2024)
China’s economy likely gained momentum last month, with early indicators pointing to a rebound after the government began rolling out stimulus measures in late September.
China's CHN Energy starts up massive offshore solar park (14.11.2024)
China's state-owned CHN Energy has begun power generation at a 1 gigawatt (GW) offshore floating solar park, according to a statement on the company's website on Wednesday.
Brazil’s Embrace of China For Economic Growth Tests Trump Tariff Plan (13.11.2024)
The Brazilian president is looking to Beijing to help his country’s economic development. It’s a strategy that risks a run-in with Trump.
China’s Dollar Bond Sale Inundated With $40 Billion of Bids (13.10.2024)
China, which recently unveiled plans to support its ailing economy, got more than $40 billion of bids for its first dollar bond issuance since 2021.
Russian Food Prices Skyrocket in Growing Concern for Putin (14.11.2024)
Russians are facing a surge in food prices, creating a headache for President Vladimir Putin as he tries to balance the Kremlin’s military ambitions with a need for domestic stability.
Europe’s Stocks Are Lagging Behind S&P Rally By Most Since 1995 (14.11.2024)
Europe’s stock market is lagging behind the US by the most in nearly 30 years — a trend that’s likely to worsen as the election of Donald Trump drives a global preference for US assets.
Europe Seeks Last-Minute Support From Biden to Help Ukraine (14.11.2024)
Europe is making a last-ditch appeal to the outgoing Biden administration to boost American support for Ukraine in order to solidify Kyiv’s position as much as possible before the presidential term ends in January.
EIB to Unveil €500 Million in Bank Guarantees for Clean Tech (13.11.2024)
The European Investment Bank is set to pledge €500 million in counter-guarantees to clean-tech companies to help them compete with global rivals.
EU’s Biggest Eastern Economies Struggle as German Pull Falters (14.11.2024)
Economies in Poland and Romania stumbled as weak consumer demand was compounded by stagnation in Germany, adding to a picture of struggling growth across the European Union’s east.
Eastern European economies have relied on domestic consumption as a lifeline to stay afloat as Germany, the region’s main trading partner, is struggling to avoid recession. The prognosis could worsen if US President-elect Donald Trump follows through on pledges to raise tariffs.
The trend was evident elsewhere. While the Czech Republic managed to grow in the third quarter, Hungary unexpectedly slipped into a recession, as domestic consumption failed to make up for a deep downturn in industrial production, according to data released over the last month.
“Households, despite the improving financial situation and favorable labor market, choose not to increase spending and prefer instead to save in uncertain times,”
“The tariff regime that Trump promised is expected to hit the German economy very hard, and an even weaker German growth dynamic would have a whiplash effect in Hungary,” Savos said at an event in Budapest Thursday. “It is a major risk.”
INFLATION-DOKUMENTATION_AUT/GER/EURO/USA_2023-2024.pdf
Trump’s Second Term Could Be a Disaster for Europe (13.11.2024)
A second Trump administration looks like a disaster for the region. It might also—finally—shake the continent out of its torpor.
Trump Win Prompts ECB Forecasters to Ask How Far Rates Can Fall (13.11.2024)
Donald Trump’s election win is leading some forecasters to question if the European Central Bank will need to return borrowing costs toward highly stimulative levels as his threat of trade tariffs materializes.
Trump’s Tariff Plans Could Cost Germany 1% of GDP, Bundesbank's Nagel Warns (01.11.2024)
Bundesbank President Joachim Nagel warned that Donald Trump’s threatened trade levies risk derailing the German economy.
Trump’s Tariff Plans Could Cost Germany 1% of GDP, Bundesbank's Nagel Warns (01.11.2024)
Bundesbank President Joachim Nagel warned that Donald Trump’s threatened trade levies risk derailing the German economy.
US Election: Trump to Reshape Economy With Tariffs, Migrant Crackdown (06.11.2024)
Donald Trump is returning to the White House, and the US economy is in for a wild ride.
Elon Musk’s New Project? Running Trump’s US Government (12.11.2024)
After plowing at least $132 million into the president-elect’s campaign, the richest man in the world is about to treat the US government as if it were a money-losing social network.
ECB’s Kazaks Says Base Scenario Is Lowering Rates Step by Step (12.11.2024)
The European Central Bank should go on cutting interest rates gradually, according to Governing Council member Martins Kazaks.
Trump’s Second Term Could Be a Disaster for Europe (13.11.2024)
A second Trump administration looks like a disaster for the region. It might also—finally—shake the continent out of its torpor.