inflation
- Business
Americans turn to credit cards to cope with high inflation: US credit reporting agency
Total credit card balances reach $930B in the last quarter of 2022, up from $785B same period of 2021, TransUnion…
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Nestle to hike food prices further in 2023
Nestle will have to raise prices of its food products further this year to offset higher production costs that it…
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Economists raised inflation forecast for Eurozone again this year
Respondents to the European Central Bank’s (ECB) Professional Forecasters Survey have again raised their inflation expectations for this year. The…
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Turkiye’s annual consumer inflation at 11-month low
Consumer prices rise 57.68% from one year ago Turkiye’s annual consumer inflation fell to 57.68% in January, an 11-month low,…
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European Central Bank hikes interest rates by 50 basis points
Bank to raise interest rates significantly at steady pace to ensure inflation returns to its medium-term target of 2% The…
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IMF revises up global economy forecast for 2023, still expects slowdown
World economy expected to grow 2.9% this year compared to 2.7% in October report, but down from 3.4% expansion for…
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Tourism in Turkiye expected to surpass pre-pandemic levels
Industry offers relief for the country’s dire finances that have led to record-setting inflation. Turkiye ’s tourism industry is expected…
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Turkiye: Government expects gradual decrease in inflation rate
The government predicts a gradual descent instead of a hard break in the fight against inflation, Treasury and Finance Minister…
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Smartphone shipments plunge to a low not seen since 2013 their largest ever decline
A total of 1.21 billion smartphones were shipped in 2022, which represents the lowest annual shipment total since 2013 “due to…
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Global economic growth estimated to slow to 1.9% in 2023: UN report
Global growth forecast to moderately pick up to 2.7% in 2024 Global economic growth is projected to decline from an…
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