During 2019, the price of oil did not exceed $70 per barrel. Despite the adversities presented worldwide during 2019, occasionally affecting the expectations of investors in the course of oil prices e.g. attacks in Saudi Arabia, sanctions against two members of OPEC (the Venezuela and Iran), drastically limiting the production of large oil-producing countries οil
The new year of 2020 that marks the beginning of the third decade of the 21st century, finds the level of global debt (public and private debt) to move nonstop on an upward path by breaking down one record after another ($188trillion, 2018, and $184 trillion, 2017, Source: IMF and https://Blogs. IMF.org) with about two
The overall picture of the European banking system after eleven years of the financial crisis of 2008 is much better but it creates scepticism. The EU after the financial crisis of 2008 took courageous decisions to rescue Euro-area member states while also setting the roadmap for consolidating the European banking system. The Single Supervisory Mechanism
The ever-increasing political pressure at global level and the sensitivity of an increasing proportion of citizens on the planet to take immediate measures to slow down climate change for the worse, force the governments of many states which their economies is based on exporting and trading of hydrocarbons to develop alternative industries and markets with
The shock caused on the demand side of the real estate market in Dubai (UAE) has caused a price drop in the real estate market of between 25%-35% compared to 2014 price levels. This situation has as a direct consequence that the construction industry in the United Arab Emirates is constantly moving in uncharted waters
On 09 September 2019 the updated report of the Global Commission on Climate Adaptation was presented in China (Beijing) (Global Commission on Adaptation (GCA)). This committee was created in 2018 and consists of 19 countries, from UN agencies on climate and environment, and from the former UN Secretary-General Ban-Ki-Moon, Bill Gates the founder of Microsoft
Part-time jobs in modern societies and economies give an employment exit to several citizens who cannot for personal, family and other reasons work in jobs with the full-time regime. It is a common occurrence to take part-time jobs mainly for women due to family responsibilities, while men in overwhelming proportion undertake work with the status
In the last year, Russia has seen a spectacular and continuous increase in consumer credits granted to households and individuals. This increase approximates 25% compared to the previous year and translates to an amount of 1.8 trillion rubles or €25 billion. The Russian central bank, for its part, in its effort to limit this phenomenon
When the average annual unemployment rate in the EU is 6,8% and in Eurozone-19 is 8,2% the corresponding unemployment figure for the Southern Euro area member countries is moving to double and now three times (see chart below) and having theoretically exceeded all these member-countries the global financial crisis of 2008. (Source: Eurostat, https://ec.europa.eu/eurostat/tgm/table.do?=tab=table&init=1&language=en&pcode=tps00203&plugin=1, 28/08/2019)
At the FED ‘s meeting last week it was decided for the first time, after nearly eleven years, to reduce the basic borrowing dollar rate by 0.25%. Even though that for several years the US economy has been leading a long period of economic growth which is characterised by low unemployment and inflation rates respectively,
