high interest rates 8

OECD global economic imbalance deepening ‘Debts of aging countries will worsen next year’ Lee Chang-yong ‘postpones interest rate cut’

OECD global economic imbalance deepening ‘Debts of aging countries will worsen next year’ Lee Chang-yong ‘postpones interest rate cut’ The Organization for Economic Co-operation and Development (OECD) pointed out 'increasing debt' as a risk in aging countries as the pace of imbalance worsens in the world economic report, the economy will cool next year and expenditure curbs begin, and Korea beca..

경제 2024.05.03

A strong dollar transforms the global economy,the Bank of Korea takes a hit due to errors in expectations of interest rate cuts

A strong dollar transforms the global economy, and the Bank of Korea takes a hit due to errors in expectations of interest rate cuts. As the strong dollar transforms the world economy, errors in ‘interest rate cut expectations’ by central banks around the world pose the risk of being the cause of global inflation. The New York Times announced on the 29th that two-thirds of the currencies of 150 ..

경제 2024.04.30

US luxury consumption growth, trade deficit widening, low-income class tension, inflation ‘return’

US luxury consumption growth, trade deficit widening, low-income class tension, inflation ‘return’ The United States' first quarter economic indicators revealed tensions among low-income households in restoring inflation due to the growth of luxury consumption and the expansion of the trade deficit. The U.S. Department of Commerce announced on the 25th that gross domestic product (GDP) increased..

경제 2024.04.26

High interest rates in the U.S., ‘risk of additional fiscal stimulus hike’, Lee Chang-yong’s ‘geopolitics’, intensive blow to Korean won

High interest rates in the U.S., ‘risk of additional fiscal stimulus hike’, Lee Chang-yong’s ‘geopolitics’, intensive blow to Korean won As the U.S.'s policy of prolonging high interest rates and the Korean government's strategy of 'repeating short-term expectations' relying on the stock market stimulus is coming to naught, the won's weakness, which has no defense against the slowdown in consump..

경제 2024.04.17

Global debt $313 trillion GDP 3.3 times emerging countries ‘worst’ Germany ‘growth plunges’

Global debt $313 trillion GDP 3.3 times emerging countries ‘worst’ Germany ‘growth plunges’ The Institute of International Finance said that global debt surged by $15 trillion last year to $313 trillion, which is 3.3 times higher than GDP, and that emerging countries' debt repayment ability has deteriorated to its greatest extent. German Deputy Chancellor Robert Habeck said in the government's a..

경제 2024.02.22

Korea's household debt refinancing crisis due to the US economy's high growth rate of 3.5%, high wages and low unemployment

Korea's household debt refinancing crisis due to the US economy's high growth rate of 3.5%, high wages and low unemployment The U.S. economy maintained high growth of 3.5% last year with high interest rates in the 5% range and low oil prices, and high wages and low unemployment caused a boom for American workers, deflecting predictions of an economic recession at the beginning of the year. With ..

경제 2024.01.30

Korean retail sales decline for 6 consecutive quarters, China’s October indicator shows ‘economic contraction’

Korean retail sales decline for 6 consecutive quarters, China’s October indicator shows ‘economic contraction’ In the third quarter, retail sales decreased by -2.5%, facility investment -3.3%, and the cyclical value of the Donghaeng Composite Index, which shows the economic situation, fell 0.1 point in September, falling for four consecutive months, indicating a high interest rate and high infla..

경제 2023.10.31

Dependence on people in their 60s Low wages Low unemployment High interest rates High real estate interest rates Economic deterioration

Employment is reorganized mainly for low-wage workers in their 60s, and rising real estate interest rates due to low unemployment and high interest rates are deteriorating the economy. The US mortgage rate (30-year maturity) rose to 6.02% this week, more than double from 2.86% a year ago. Korea's unemployment rate is at an all-time low of 2.5%, with low-paid workers in their 60s accounting for 4..

경제 2022.09.16