2024Economy

Euro Area Economy Defies Expectations with End-of-Year Growth in 2024

2 months ago

In a surprising turn of events, the euro area managed to achieve economic growth by the end of 2024, counter to earlier predictions that suggested a potential contraction. The latest data released indicates that the region’s economy demonstrated resilience amid widespread concerns about inflation and energy prices. Analysts had expected a setback, but the eurozone appeared to adapt more effectively than anticipated.

Surge in US IPOs: NYSE President Martin Sees Increased Interest from Global Companies

2 months ago

The outlook for initial public offerings (IPOs) in the United States is becoming increasingly optimistic, according to the President of the New York Stock Exchange (NYSE), Lynn Martin. In a recent announcement, Martin highlighted that more companies from various corners of the globe are setting their sights on launching IPOs in the US market. This trend is poised to reshape the landscape of stock offerings and potentially bolster the American economy.

Indonesia's Last-Minute Decision: Planned VAT Hike Diluted Amid Economic Concerns

3 months ago

In a surprising turnaround, Indonesian authorities unveiled a significant modification to their proposed value-added tax (VAT) increase, which was initially set to come into effect on January 1, 2024. This change comes at a critical juncture, as the government grapples with economic pressures and public backlash regarding the potential economic burden on citizens.

The San Francisco Fed's Mary Daly Addresses Last Week's Unexpected Hawkish Rate Cut

3 months ago

In a significant turn of events, Mary Daly, President of the Federal Reserve Bank of San Francisco, provided clarity on the recent hawkish cut made by the Federal Reserve. This unexpected decision has raised eyebrows and sparked discussions regarding the direction of monetary policy moving into 2024.

Central Banks Split on Final Interest Rate Decisions as 2024 Closes

3 months ago

The global economic landscape is experiencing a notable shift as central banks approach the end of 2024, with increasing dissension among policymakers regarding the direction of interest rates. As countries grapple with the dual challenges of inflation and economic growth, divergent viewpoints are emerging, reflecting the complex realities faced by these institutions.

Finland's Economic Resurgence: Third Quarter Growth Signals Recovery Ahead

4 months ago

Finland's economy has shown promising signs of recovery, as revealed in the recent report detailing the country's third-quarter growth. After enduring challenges from inflation and geopolitical tensions, this positive trend is being met with cautious optimism among analysts and policymakers alike.