Author: Mark J
Just days after announcing the first recession this century, Italy has released its long awaited Economic and Financial Document (DEF) for 2024, a declaration of the country’s economic and fiscal strategies ahead of the year. This report, submitted to Parliament as required by law, is the main reference in terms of financial planning Italy, and it offers a key indicator on the country’s economic perspective and the main policy targets. At a crossroads in what is a complex set of challenges for the Italian economy, domestically and internationally, the DEF 2024 arrives. This document indicates that the government has endeavoured…
Italy’s growing uncertainty over its economic outlook for 2024 as the government’s ambitious growth target gets further away. Italy’s Economy Minister Giancarlo Giorgetti conceded on Sunday that headwinds had increased the chances that the 1 per cent GDP growth target for this year would be missed. This comes after national statistics bureau ISTAT made recent downward revisions to estimates of both 2022 and the first half of 2023. The Italian economy has stepped into more difficult terrain, both at home and abroad, bolstered by resilience in the face of the COVID-19 pandemic and 2021’s energy shocks. The feasibility of the…
In Israel, real estate has long been a pillar of the country’s economy: high demand coupled with low supply. In recent months, however, the sector has seen a number of challenges occur, causing the way business is run to change. From regulatory changes, to rising interest rates, to shifts in global investment trends, developers, investors and homebuyers alike are in face of a new reality. Market is still robust in a number of places, but there is a growing feeling that the fast price increament and easy financing days may be ending. There is currently no factor more powerful in…
Despite the world economy stumbling, Israel’s business landscape, including its tech sector, saw strong growth in the past few years. Often referred to as the “Startup Nation,” Israel’s innovation-driven economy has continued to push the boundaries of technological advancement, carving out a prominent place on the global stage. Many countries are struggling with inflation, supply chain disruption, and geopolitical uncertainty and in this context, Israel has not only weathered but even added fuel to its high tech ecosystem under its combustible combination in cybersecurity, artificial intelligence and fintech. The culture of innovation and supportiveness that exists in Israel’s infrastructure helps…
The South Korean government has unveiled a 7.3 trillion won ($5.5 billion) package to boost the country’s semiconductor industries as it seeks to retain its dominance in the global chip market. This undertaking is part of a development plan targeted at identifying and correcting economic problems and promoting the development of successful industries. The semiconductor support program will be a foundation for the country to sustain South Korean’s semiconductor industry the market leader in chip manufacturing and designing company. It entails the funding in research and development, upgrading of infrastructure and offering of incentives to make the firms undertake their…
Recent reports indicate South Korea’s economic recovery from the global financial crisis that hit the country late last year and further intensified by the disaster with exports and manufacturing output improving and consumer prices comparatively steady as reported by the finance ministry. According to the Ministry of Economy and Finance Green Book – a monthly economic report – the hint is also pointing to the upward movement of the domestic demand, facilitated by the facility investment as well as the service industry. Minister of Finance South Korea Choi Sang-mok said that the country’s economy has a tendency for the restoration…
Japanese companies have reported record combined profits in the latest April-June quarter proving the strength of Japanese corporate sector despite troubled times. This great performance is at a time Japan’s economy is facing diverse challenges such as declining yen, increase in inflation rates and global economic volatility. These include among the following; increased efficiency in operations, methods of cost reduction, and gradual revival of domestic and foreign demand. Some Japanese companies have achieved good practices for the new coronavirus business environment by utilizing digital tools and changing their organizational structure to increase profitably. Nevertheless, such positive picture with corporate performances…
Currently, Japanese economy can be described in one word – cyclical, Therefore, analysis of the recent changes in the Japanese economic system is rather complicated. The benchmark measure of the Japanese market, the Nikkei share average has declined to its lowest level it recorded since August 15, sinking by 1%. This decline has been primarily influenced by two factors: by a strengthening of yen and decline in the semiconductor stocks. This has been of worry to Japanese exporters because it leads to an increased price of their exported products in foreign countries. Responsible for a large share of exports, automotive…
The South Korean government has recently introduced a set of measures that should help impulse investments and counter current issues on the way to sustainable economic growth. Mainly, it is working toward increasing efforts to facilitate cross-ministerial activities as well as regional redevelopment for the purpose of expediting the recovery of its economy and improving the lives of its people. Some of the planned seventy initiatives include the ‘Expanded Investment Express,’ an attempt spearheaded by vice ministers of relevant ministries to tackle existing obstacles to investment. From this month, this program will entail efforts to unveil constraint that may be…
The reports revealing the latest economic outlook of the south Korea indicate that the export and factory productions are on the rise, and so also the consumer prices are becoming steady. According to the Green Book of economic report from the Ministry of Economy and Finance in South Korea, every month evidence shows that the South Korean economy has soon begun recovering from the sty mergic shock while the consumer price stabilizes and domestic demand improves. China’s exports were up 24.6% yoy during the first 10 days of September and reached $18.58 billion mainly on the back of strong demand…
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