by New Momentum | Oct 24, 2024 | News
๐ฐ Is the U.S. Dollarโs Dominance at Risk?๐ฐ ๐ Global Influence of the DollarSince World War II, the U.S. dollar has been the dominant global currency, used in most international transactions and held as the primary reserve by many countries. Its strength is rooted in...
by New Momentum | Oct 18, 2024 | News
โ๏ธ ECB cuts rates amid faster inflation drop and slowing economy ย โ๏ธ๐ ๐ The European Central Bank (ECB) has reduced interest rates for the third time this year, lowering the deposit rate to 3.25%, as inflation slows quicklier than expected. The ECB anticipates...
by New Momentum | Oct 10, 2024 | News
China at a Crossroads: Can It Avoid Prolonged Stagnation? ๐ After decades of unstoppable growth, China is now facing one of its deepest economic crises, with a 2024 growth target of 5% that seems increasingly out of reach. Consumer spending is down, the real estate...
by New Momentum | Sep 12, 2024 | News
๐๐๐ฏ๐ข๐ฏ๐ข๐ง๐ ๐๐ฎ๐ซ๐จ๐ฉ๐’๐ฌ ๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐๐ง๐๐ฌ๐ฌ: ๐๐๐ซ๐ข๐จ ๐๐ซ๐๐ ๐ก๐ข’๐ฌ ๐ฌ๐ญ๐ซ๐๐ญ๐๐ ๐ฒ ๐ฉ ๐๐ฎ๐ซ๐ซ๐๐ง๐ญ ๐ฌ๐ข๐ญ๐ฎ๐๐ญ๐ข๐จ๐ง: Europe faces economic stagnation with a widening gap compared to the United States, primarily due to weak productivity growth linked to slow adoption of advanced technologies...
by New Momentum | Jul 31, 2024 | News
๐ Bank of Japan’s Economic Strategy: Rate Hike and Bond Buying Tapering ๐ The Bank of Japan (BOJ) has increased its benchmark interest rate to approximately 0.25% from a previous range of 0% to 0.1%, marking the highest rate since 2008. Despite this hike, the...
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