The development of the war in Ukraine leaves no room for optimism for the European economy. It is clear that the longer the war lasts, the greater its economic impact. At the moment we have the terrible accuracy that comes from inflation, which in turn is due in large part to the energy crisis intensifying …
What Can trigger a Prolonged Global Recession?
With Russia’s war in Ukraine a month away, Trust Economics (https://trusteconomics.eu) has its estimates for the global economy outlook this year. Within this short period of time, forecasts shifted from a limited recovery after COVID to an increasing chance of a full-blown global recession. The chances of a recession are rising, given the volatile inflation …
New Challenges for EU Member-Countries Economies
The war in Ukraine has entered a new phase and according to the estimates of the Americans, who have shown that they correctly record and interpret the movements of the Russians, it is going to be quite long. The Russian war machine proves to be inferior to its reputation. A month of hostilities has been …
The Impact on the Supply Chain and the Energy Market since the War in Ukraine
The effects of the war on the supply chain are already evident and as the war continues, the situation for most countries will become more difficult. As Ukraine suspends all exports in order to focus on military operations, Russia, on the other hand, is unable to export the quantities of cereals it normally exports due …
The De-dollarization of the World Economy
In 1971, the US government, faced with stagnant inflation and a major global financial crisis, announced the US withdrawal from the Bretton Woods system of agreements, which meant that, in technical terms, all currencies became coin-to-currency currencies. to be regulated in the financial markets. Of course, the changes brought about by the abandonment of the …
CIPS: Why are the Chinese happy with the decisions of the EU and the US?
The decision to exclude some Russian banks from the international SWIFT payment system has caused great concern in the global financial system, as its effects are expected to be significant in a number of sectors of the economy. However, in this climate of instability and uncertainty, which is reflected in nervous liquidations in the markets, …
The Alternative Forms of Investment of Small Deposits
As interest rates on traditional banking products have been virtually zero for at least three years, those who used to earn an annual income mainly through time deposits are now required to take the risk of making up for lost interest. Additional pressure is created by the rise in inflation which reduces the value of …
Using Inflation as a Tool to Improve the Competitiveness of an Economy
An Εurozone/EU member-country’s economic policy can use inflation as an opportunity to achieve two goals: First, to increase the competitiveness of the economy and therefore its employment and growth rate. Second, to reduce the Public Debt-to-GDP ratio. Combining the above, with the imposed need to relieve as much as possible the citizens, especially the weaker …
Industry and Tax sector
A developing country that wants to continue to provide its citizens and businesses, respectively, with opportunities to expand their digital services and platforms, must continually create easy-to-use tools and platforms and push more citizens and businesses to adopt intact digital way of fulfilling their tax obligations. A typical example of such a service is the …
The German Economy Is Heading for a New Recession
The scenario of stagnant inflation in the German economy is visible, which is the worst possible at this time. Extremely worrying are the data for the German economy for the fourth quarter of 2021. In fact, the forecast of Trust Economics (https://trusteconomics.eu) is that, if the problem of the pandemic continues and Q22022 the next …