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Both the Fed and the ECB increased interest rates!

Both the Fed and the ECB increased interest rates!

Both central banks in USA and Europe decided to furtherly remain in the same monetary policies that were followed the previous periods. Interest rates were raised by 25 base points in both regions resulting in 5.25% and 3.75% for USA and Eurozone respectively. The European competent authorities decided

First Republic Bank collapses: what happens next?

First Republic Bank collapses: what happens next?

Yesterday (Mon. May 1st, 2023) the Federal Deposit Insurance Corporation (FDIC) announced in a press release that the Californian First Republic Bank is closed by the Californian Department of Financial Protection and Innovation. Rapidly the FDIC managed to make the bank available for purchase through an auction process and JP

Bank Crisis: what happened? Is it over? Is my money safe in the bank?

Bank Crisis: what happened? Is it over? Is my money safe in the bank?

During the past month there have been some unexpected events that shocked the financial sector and caused panic to the global economy. That's completely reasonable, considering the 2008 disastrous financial crisis that its consequences still affect economies around the globe. But are we in the same situation? Is

China beats growth expectations, GDP increased by 4.5% in the first quarter of 2023.

China beats growth expectations, GDP increased by 4.5% in the first quarter of 2023.

China is back on high growth rate digits as Covid-19 restrictions relax in the country. The main driver of the GDP growth was the increase in consumer spending and the restart of factory production. Another measurement that justifies the GDP growth is the retail sales index that shows the amount

IMF: Global Economy Growth at Risk

The International Monetary Fund (IMF) released its World Economic Outlook on Tuesday 11th, April. Their forecast about the fiscal year 2023 is the slowdown of the global economic growth from 3.4% in 2022 to 2.8%. But this is just the start of it. According to the IMF, if