Italy, India, France, Spain, the north-western region of the United States, and the United Kingdom all saw a drop in lockdown consumption of at least 15%, while the electricity demand in Italy dropped by as much as 75% when the pandemic was at its peak (see Fig. 3). Download: ...
We focus on counterfeiting and its economic effects on trade in Italy during the economic crisis. Using a newly built regional dataset and a dynamic panel model, we find evidence of the dual impact of counterfeiting. The production (and exchange) of fake goods depresses the legal market that ...
Wage increases of 6.3 percent in the EU-27 in the second half of 2023 brought some relief for consumers, but not all countries returned to 2019 wage levels in real terms. For instance, real wages are still below 2019 levels in France, Germany, Italy, and the Netherlands. On average, ...
In theUS, the resilience that characterised the 2023 economy actually hung on into early 2024. Coupled with the booming job market, reduced short-term sensitivity to interest rates (balance sheet repair, persistently low cost of debt) meant growth could better ...
In 2023, China’s GDP growth faced pressure due in part to a decline in industrial value-added output. Some provinces experienced a reduction in industrial revenue, prompting discussions about the challenges within the industrial sector. However, analyzing the situation requires a nuanced ap...
Elsaesser views the cooperation between Chinese and European solar industries as a "win-win" situation. While noting China has built up a complete value chain in its PV industry from the raw materials to the final products on a big scale, he said the country has helped Europe and even the...
And it has a governor who wants to make a bad situation even worse. I also think it’s worth noting that all the best states have no income tax. The reports has lots of interesting data, but it doesn’t tell us everything we should know. Before I explain why the numbers should be...
This is in line with a current study which also reported a gradient reversal for lung cancer mortality among women in Estonia, Slovenia and Italy11. In Germany, similar results were reported for lung cancer incidence and cancer-free life expectancy6,17,30. The close association between the ...
the US and Iran as a result of the perceived risks to global hydrocarbon trade, which would in turn put upward pressure on energy prices.S&P Global's Maritime, Trade & Supply Chainbusiness is monitoring the situation closely in the Red Sea (seeour latest update here, available to...
Before the 2008 global economic crisis, one of the most serious economic problems in the American economy was that of the twin deficits, an expression used to represent a situation in which the country simultaneously had a current-account deficit and fiscal deficit. Based on the national account...