WASHINGTON: For most of last year, investors priced in a temporary rise in inflation in the United States given the unsteady economic recovery and a slow unravelling of supply bottlenecks. Now sentiment has shifted. Prices are rising at the fastest pace in almost four decades and the tight labor market has started to feed into … Read more
KARACHI: The cooling down of consumer spending, and reduced shipping congestion will result in global trade growing by 5.4 per cent in 2022, an Euler Hermes Global Trade report showed. While there is a risk of a double-dip in the first quarter of 2022, Euler Hermes expects a normalisation of international trade flows in volume … Read more
FRANKFURT: German exports bounced back in October from a slump caused by global supply chain bottlenecks, official data showed on Thursday, but analysts warned that the emergence of the Omicron coronavirus variant could cast a shadow over recovery prospects. Europe’s largest economy exported 121.3 billion euros’ ($137.4 billion) worth of goods in October, 4.1 per cent … Read more
The trade surplus of the Euro area steeply shrank to EUR4.8 billion in August, compared with EUR20.7 billion in the previous month. This was mainly driven by a 26.6 per cent surge in imports as energy prices rose, Arab News quoted Eurostat data. In particular, imports of fuels and lubricants soared by 84.4 per cent … Read more
