Articles
Exploring Investment Opportunities: Five Asian Countries with Investor-Friendly Tax Systems
May 31, 2023 Strictly speaking, Asian countries are not considered tax havens, but many have designed their regulations and infrastructure to accommodate business needs. These countries offer tax incentives, longer residential permits, and even citizenship through investment, aiming to facilitate…
Consumer Confidence Remains Low in the Netherlands, with Pessimism about the Economic Climate
May 31, 2023 Consumers almost equally negative in May in the Netherlands Consumers are almost as pessimistic in May as they were in the previous month. However, consumer confidence is still low. In May, it stands at -38, compared to…
US Economy Grows by 1.3% in Q1 2023, Led by Consumer Spending and Government Expenditure
May 31, 2023 Gross Domestic Product (Second Estimate), Corporate Profits (Preliminary Estimate), First Quarter 2023 Real gross domestic product (GDP) increased at an annual rate of 1.3 percent in the first quarter of 2023 (table 1), according to the “second” estimate…
Concentration in Brazil’s Construction Industry Plummets Over a Decade, Boosting Employment and Private Sector Participation
May 31, 2023 Concentration in Construction Industry in Brazil falls to less than half in 10 years From 2012 to 2021, the concentration in the Construction Industry in Brazil had a marked reduction: in 2012, the eight largest companies represented…
G20 Merchandise Exports Rebound in Q1 2023, Led by China’s Economic Recovery, while Services Trade Shows Signs of Pickup
May 31, 2023 Following two consecutive quarters of decline, G20 merchandise exports rebounded in value terms in Q1 2023, as measured in current US dollars. Compared to Q4 2022, exports increased by 2.2%, driven partly by the revival of economic…
Business confidence climate index in Italy decreased from 110.4 to 108.7 in May 2023
May 30, 2023 In May 2023, the consumer confidence index slipped from 105.5 to 105.1. With regard to its components, only the economic climate grew passing from 119.0 to 119.8, while all the other ones worsened. In more detail, the…
Assessing the Economic Implications of Carbon Pricing: A Pathway to Climate Goals with Modest Impact on the Euro Area Economy
May 30, 2023 How will higher carbon prices affect growth and inflation? Urgent action is needed to reduce greenhouse gas emissions and prevent the most disastrous effects of climate change. This is why the EU aims to reduce such emissions…
Türkiye ranked third in the world in the Blue Flag 2023 awards this year
May 30, 2023 Türkiye was placed third globally in terms of the number of beaches that have earned the Blue Flag certification for environmental friendliness. The International Blue Flag panel has awarded the Blue Flag label to 551 beaches, 23…
Hong Kong’s inflation rises by 2.1% in April 2023
May 30, 2023 The Census and Statistics Department (C&SD) released the Consumer Price Index (CPI) figures for April 2023 in Hong Kong. According to the Composite CPI, overall consumer prices rose by 2.1% in April 2023 over the same month a…
EuroCommerce Supports Customs Reform Package, Highlights Concerns and Calls for Collaboration with Trade
May 30, 2023 EuroCommerce – supports the goals of the new proposals on the customs reform package, introducing new features and processes to take customs to the next level. Christel Delberghe, EuroCommerce Director General, commented: “We have actively supported the…
Retail activity in New Zealand falls for the second quarter in a row
May 29, 2023 The total volume of actual retail sales fell 4.1 percent in the March 2023 quarter, compared with the March 2022 quarter, according to figures released by Stats NZ. This followed a 4.0 percent fall in the December…
Rising Borrowing and Corporate Debt in Asia: Concerns Over Interest Rates and Financial Stability
May 29, 2023 Asia’s increased borrowing in recent decades has augmented the region’s exposure to rising interest rates and heightened market volatility. Borrowing by the region’s governments, companies, consumers, and financial firms is well above levels prior to the global…
Clean Energy Investments Surge Ahead, Outpacing Fossil Fuels, Amid Global Energy Crisis: IEA Report
May 29, 2023 Investment in clean energy technologies is significantly outpacing spending on fossil fuels as affordability and security concerns triggered by the global energy crisis strengthen the momentum behind more sustainable options, according to a new IEA report. About…
Confidence index in Türkiye decreased in services sector while increased in retail trade and construction sector
May 29, 2023 Services, Retail Trade and Construction Confidence Indices in Türkiye, May 2023 Confidence index decreased in services sector while increased in retail trade and construction sectors Seasonally adjusted confidence index decreased by 0.6% in services sector while increased…
Among the EU countries, the highest shares of women among employed ICT specialists were observed in Bulgaria, Romania and Estonia
May 29, 2023 In 2022, 9.4 million people in the EU worked as ICT specialists, representing 4.6% of the total EU workforce. The share of ICT specialists in the EU has been increasing over the last decade, rising by 1.4 percentage points (pp) since 2012. Among…