Torecap, the Bank is still in the early innings of unwinding its rate hikes, after the most aggressive rate hiking cycle since the early 1990s. The Bank of Canada raised its policy rate from 0.25% in February 2022 to 5% in July 2023 (where it stayed until June 2024). Our quick take:...
March 27, 2023 Months (and months) of grading papers, bringing work home on the weekends, staying on-point for all those young minds you’ve been charged with educating and finally… summer is here! It’s time to put your feet up and relax for a well-earned break from your awesome, ...
Leading German economic research institutes expect GDP to shrink by 0.6% in 2023 as a whole. In the spring the institutes were still forecasting slight growth, of 0.3%. The German economy is expected to grow by 1.3% next year, they said. The German government's own forecast sees GDP decli...
LONDON (Reuters) -Wizz Air is upbeat on summer demand for travel but more cautious than its competitors, forecasting a return to profit in its 2023-2024 financial year, helped by strong bookings, new capacity and the benefits of hedging fuel costs. ...
Now that the second quarter of 2023 is underway, the pundits will be sword-fighting in the arena of economic relevancy on whether or not the world is in for a soft or hard landing as to the eventual impact of these record rate increases. I cannot turn on a financial news channel where...
Teens in demand for summer hiring: 1.1 million jobs forecasted for 2023 A "strong" summer job market for teens is expected this season, according to aforecast from Rhode Island College. That includes a projected 33.6% teen employment rate over the summer months, up from 32.7% in ...
Global warming is extending summer heat into September and even October in Europe. That’s increasing the threat from extreme weather events, such as floods, violent storms and wildfires, but milder conditions could also delay the start of the heating season in a repeat of 2023. ...
France would need to import electricity for most of the summer under a heatwave scenario but will remain a net exporter if temperatures fall in line with seasonal averages, French grid operator RTE said June 1."For temperatures close to seasonal norms, the forecast supply-demand situation does ...
A slow or slower summer can be the reason a business shuts it doors permanently and most business owners will be doing their best to avoid becoming another business exit statistic. The ABS reported that in the 12 months to June 2023, 386,000 businesses stopped trading, with the largest numbe...
and its resolution demands much more extensive economic, social and political reform than the national conversation currently admits.” Yet even though the opposition Labour party is forecast to win a huge majority, it has been extraordinarily timid. Hutton...