Economy
- Neue Zürcher Zeitung
Experts divided on whether Modi's India is booming
informed Summary
- India's economy expanded by 7.6% last year, more than any other country in the world. Even if it grows only moderately over the next few years, China is soon likely to overtake Japan and Germany to become the world's No. 3 economy behind the U.S. and China.
Economy6 min read - NBC
As China’s economy falters, so does middle class confidence
informed Summary
- China's economic slowdown is causing uncertainty for the country's middle class, which makes up over half of the population. The economy grew by 5.2% last year, compared to an average annual growth of about 7% last decade, and over 10% in the 2000s.
Economy5 min read - DW
Is Italy overtaking Germany as Europe's economic powerhouse?
informed Summary
- In 2019, Italy's economy has grown by 3.8%. That's twice as much as the French economy and five times more than the German one.
Economy5 min read - El Pais
Germany’s paralysis threatens European economy
informed Summary
- Germany's economic outlook is bleak, with the country's five major economic research institutes significantly reducing their growth forecasts for 2024 from 1.3% to 0.1%. This follows a 0.3% decline in the country's GDP last year.
Economy5 min read - TIME
There's something very fishy about the global seafood supply
informed Summary
- Recent investigations have revealed serious human rights abuses in the industrial fishing industry, including forced labor on Chinese fishing ships and in Chinese processing plants, which supply major restaurant and grocery store chains in the U.S. and Europe.
Economy3 min read - AP News
Wind and sun are free, but it's harder to get renewable energy projects built these days. Here's why
informed Summary
- The village of Sprakebuell in Germany has become a showcase for investment in renewable energy, with local residents benefiting financially from the electricity generated by wind turbines in the area. The steady income from the wind parks provides a financial buffer for the villagers.
Economy6 min read - TIME
Why the U.S. economy is surging, as China's stumbles
informed Summary
- The belief that China's economy would surpass the U.S. is now uncertain due to a variety of factors including a halt in population growth, entrepreneurs leaving the country, a decrease in foreign direct investment, and a struggling stock market.
Economy4 min read - Politico
Big Chocolate is conning you this Easter
informed Summary
- European chocolate lovers are facing a bitter Easter, with prices jumping as much as 50% due to a global cocoa shortage. This has been caused by extreme weather in Ivory Coast, the world’s leading cocoa producer.
Economy1 min read - El Pais
The thriving US economy of discontent
informed Summary
- The U.S. economy has shown resilience despite challenges such as high inflation, interest rate hikes, and government deficits. The economy grew by 2.5% last year and continues to expand in 2024, defying predictions of a recession.
Economy10 min read - Euronews
How far are we from paying taxes in cryptocurrencies in Europe?
informed Summary
- Switzerland is leading Europe in integrating cryptocurrencies into traditional banking systems, with some residents already able to pay taxes using digital currencies. The European Union is also making strides in regulating crypto assets, with the Markets in Crypto-Assets Regulation set to come into effect next year.
Economy6 min read - CNN
China’s leaders pledged to upgrade the economy. Why are investors so skeptical?
informed Summary
- Chinese leaders have set an ambitious economic growth target of around 5% for 2024, with a focus on technology innovation and industrial upgrading. However, the lack of major stimulus measures to increase income and spur consumption has disappointed investors.
Economy4 min read - Politico
European farmers say they’re being screwed by Big Food. Is a price floor the answer?
informed Summary
- French President Emmanuel Macron has proposed setting minimum prices for farmers to sell their produce to the food industry, a move seen as a U-turn after his government previously rejected similar proposals.
Economy2 min read - Vox
China’s new economic growth plan isn’t really a plan at all
informed Summary
- The Chinese government has outlined a plan to boost the country's economic growth, setting a target of a 5% increase in its GDP for the next year. However, experts believe the plan falls short of the transformative strategy needed to address China's debt and consumer confidence crises.
Economy6 min read - AP News
China seeks ways to revive slowing economy and salvage its property market
informed Summary
- China's slowing economy will be the main focus of this week's meeting of its ceremonial national legislature, with the Communist Party seeking ways to stimulate stronger, sustained growth. The country is facing challenges such as an aging workforce, strained relations with the U.S., and a crisis in housing construction -- a key driver of the economy.
Economy5 min read - BBC
Gen Alpha are ready to spend – and they want to be treated like adults
informed Summary
- Generation Alpha, born between 2010 and 2024, is more brand-aware than ever and prefers to shop at the same stores as their millennial parents.
Economy7 min read - CNN
Why India’s economy under Modi offers a real alternative to China
informed Summary
- India's economic growth and development since 2014 under Prime Minister Narendra Modi has attracted global investors, contrasting with China's economic challenges and capital flight. The value of companies listed on India's exchanges surpassed $4 trillion last year and is expected to more than double to $10 trillion by 2030.
Economy5 min read - Politico
The West tried to crush Russia’s economy. Why hasn’t it worked?
informed Summary
- The U.S. and its partners have used economic sanctions against Russia, targeting individuals, companies and state bodies including financial institutions and central banks. Anyone who fails to comply with the sanctions could face criminal charges, hefty fines and frozen assets.
Economy3 min read - CNN
Think falling prices would help? They could destroy an economy. Just ask China
informed Summary
- U.S. markets were negatively impacted after January's Consumer Price Index showed higher than expected inflation, leading investors to believe that interest rate cuts are unlikely in the near future.
Economy2 min read - El Pais
The tractor revolution: Contradictions and twists
informed Summary
- Protests by Europe's agricultural sector have highlighted the diverse range of issues faced by different types of farmers -- from those who own large-scale pig farms to those who practice regenerative agriculture. The protests have drawn attention to the fact that the current food system is seen as a failure by many, regardless of their political or dietary preferences.
Economy5 min read - DW
Recession in Japan makes Germany third largest economy
informed Summary
- Germany has surpassed Japan to become the world's third-largest economy, with a nominal GDP of $4.5 trillion in 2023 compared with Japan's $4.2 trillion.
Economy2 min read
