inflation
The World Economic Forum (WEF) released its latest Chief Economists outlook on Wednesday, which surveys top economists from both the private and public sectors. According to 82% of chief economists, the global economy is likely to become more robust, or at the very least, stay the same in 2024. This is nearly twice as many as was seen towards the tail end of 2023. On the other hand, the percentage of chief economists betting on worldwide conditions worsening plunged from 56% in January 2024, to 17% in May. More than two-thirds of chief economists also expect global growth to be boosted signifi...
Euronews (English)
Germany's annual inflation recorded its first increase of 2024 in May, aligning with economists' forecasts. According to preliminary data published by the Federal Statistical Office (Destatis) on Wednesday, the consumer price index surged by 2.4% in May 2024 compared to the previous year, up from the 2.2% rate in April and matching the expected 2.4% rise. On a monthly basis, inflation advanced at a modest 0.1% pace, the lowest increase since December 2023, decelerating from the previous 0.5% growth and falling below the anticipated 0.2%. Fresh hint that ECB might be set to cut interest rates a...
Euronews (English)
Das Leben in Deutschland hat sich im Mai wieder stärker verteuert. Zum ersten Mal in diesem Jahr gewann die Inflation wieder an Tempo. Die Verbraucherpreise lagen um 2,4 Prozent über dem Niveau des Vorjahresmonats, wie das Statistische Bundesamt in Wiesbaden anhand vorläufiger Daten mitteilte. Der Rückgang der Inflation war bereits im April bei einer Rate von 2,2 Prozent ins Stocken geraten. Manche Volkswirte halten das Inflationsproblem noch nicht für gelöst. «Es wird holprig», sagte KfW-Chefvolkswirtin Fritzi Köhler-Geib. Nach Einschätzung von ING-Chefvolkswirt Carsten Brzeski verdeutlichen ...
DPA (German)
ValueWalk
Rentnerinnen und Rentner haben in den vergangenen Jahren aufgrund der Inflation rund 1,7 Prozent ihrer Kaufkraft verloren. Die sonstigen Haushalte büßten von 2018 bis 2023 im Schnitt mit 2,2 Prozent etwas mehr Kaufkraft ein. Das ist das Ergebnis einer am Montag in Berlin präsentierten Studie des Forschungsnetzwerks Alterssicherung der Rentenversicherung. Allerdings hatten die Rentnerhaushalte vergangenes Jahr nur 2962 Euro Haushaltseinkommen im Schnitt pro Monat - die sonstigen Haushalte 4674 Euro. Rentnerhaushalte verfügten nicht über so viel Einkommen und Vermögen wie andere Gruppen, sagte F...
DPA (German)
Calls for more public school spending are growing louder in states like Texas, Pennsylvania, and New York. "You will see terrible cuts," warned Texas State Representative Jon Rosenthal, who is leading a group of Democratic lawmakers demanding that Gov. Greg Abbott call a special session to boost education funding in the state. Public school budgets are a mess heading into next school year but it's not for a lack of dollars—President Joe Biden's COVID-19 windfall for public schools is backfiring. During the pandemic, Congress doled out $190 billion in K-12 relief aid, which created a fiscal cli...
Reason
There are indications that the European Central Bank (ECB) may be planning to cut interest rates at its meeting next month. In an interview with the Financial Times, the ECB's chief economist Philip Lane said: "Barring major surprises, at this point in time there is enough in what we see to remove the top level of restriction." If there is a cut at the 6 June meeting, which takes place as the European elections are being held, it would mean the ECB would be cutting its rates ahead of any other major central banks. It had came under criticism for being too slow to raise them after inflation sur...
Euronews (English)
Some key economic data will drive market sentiment, with the Consumer Price Indices (CPIs) from major European countries set to be in the spotlight this week. Additionally, Personal Consumption Expenditures (PCE) will be a focus for investors looking to gauge central banks’ interest rate trajectories. EuropeFollowing the hotter-than-expected inflation data from the UK last week, major economies, including Germany, France, Spain, and Italy are poised to release their estimated CPI for May this week. At a country level, Germany will release the prelim CPI for May on Wednesday. The country’s infl...
Euronews (English)
The cost of olive oil rose by 113.8% between March 2019 to March 2024, with rises for baked beans and sugar climbing too, according to a study BravoVoucher.co.uk, using data from the Office for National Statistics. The UK and other parts of Europe have been hit hard by the rise in the cost of living but countries such as Zimbabwe, Argentina, Venezuela, Haiti and Lebanon have also seen their costs rising sharply. Which food items have gone up the most in the past five years?According to the study, a 500ml to 1 litre bottles has gone up from around £3.76 (€4.41) on average in March 2019 to appro...
Euronews (English)
Fast jeder fünfte Erwachsene in Deutschland will oder kann einer Umfrage zufolge kein Geld auf die hohe Kante legen. Knapp 18 Prozent der 2140 von YouGov für die Postbank Befragten antworteten auf die Frage, wo ihre Ersparnisse bleiben, entsprechend. Etwa ein Drittel der knapp 1600 Umfrageteilnehmer, die nach eigenen Angaben über Ersparnisse verfügen, verzichtet bei einem Großteil des Geldes auf Zinsen: Weil sie es auf dem - zumeist unverzinsten - Girokonto stehen lassen (23,3 Prozent) oder als Bargeld verwahren (6,9 Prozent). Ein knappes Drittel (32,1 Prozent) der Sparer steckt den größten Te...
DPA (German)
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