July 11, 2022 In many countries, tighter financial conditions and lower real earnings will make it more difficult for people to afford debt, which will raise the dangers associated with global debt vulnerabilities. Through economic and financial repercussions, they endanger the stability of the UK's financial system. According to the Bank of England, the rise
July 08, 2022 According to UNCTAD's Global Trade Update, which was released on July 7th, the value of global trade increased to a record $7.7 trillion in Q1 2022, an increase of almost $1 trillion from Q1 2021. The increase in trade volumes has been far less pronounced than the gain in commodity prices,
July 8, 2022 The Bank of Jamaica (BOJ) has reported that Jamaica’s Net International Reserves (NIR) as at June 30, 2022 stood at US$3,804.75 million, reflecting an increase of US$47.45 million when compared to the US$3,757.29 million reported at the end of May 2022. Foreign Assets totalled US$4,389.91 million, US$15.00 million more than the US$4,374.91
July 5, 2022 In May 2022, Industrial producer prices up by 0.7% in the euro area (+36.3% from May 2021) and by 0.8% in the EU (+36.4% from May 2021) when compared to April 2022, where prices increased 1.2% in the euro area and 1.3% in the EU. The increases were due to intermediate goods
July 4, 2022 Total Construction The estimated seasonally adjusted annual rate of construction spending in May 2022 was $1,779.8 billion, which was 0.1 percent less than the updated April estimate of $1,782.5 billion. The May amount is 9.7% more than the $1,621.9 billion May 2021 projection. Construction investment for the first five months of this
June 2, 2022 Government Operations Results for May 2022 For the period of April to May 2022, the GOJ reported Total Revenues & Grants of $107.76 billion, $6.30 billion more than the Government’s projection. This represented a decline of approximately 9.1% relative to the $118.58 billion recorded for the corresponding period in 2021. ‘Grants’, ‘Bauxite
July 1, 2022 The U.S Bureau of Labour Statistics reported that unemployment rates were lower in May 2022 than they were a year earlier in 385 of the 389 metropolitan areas, higher in 2, and unchanged in 2. Two locations had rates of at least 10%, and a total of 150 areas had rates of
July 1, 2022 According to the Statistical Institute of Jamaica (STATIN), the total value added at constant prices for the Jamaican economy grew by 6.4 per cent in the first quarter of 2022 when compared to the similar quarter of 2021. This was 0.4 per cent higher than the Planning Institute of Jamaica’s (PIOJ) estimated
United States: Half of New US Entrepreneurs Are Women, Leading a Creation Boom “Women and minorities have been fueling the boom in business creation of the past two years in the US. A survey found that almost half of 2021’s new entrepreneurs were women, a significant uptick from 28% in 2019. And the share of
United States: Supply Issues Account for Half of Surge in US Inflation, Study Says “Supply constraints, exacerbated by Russia’s war in Ukraine this year, account for about half of the surge in US inflation, with demand currently making up a third of the increase, according to new research from the Federal Reserve Bank of San
