globalEDGE Blog - By Tag: global-economy

With the value of the dollar falling roughly 10% this year, gold has had a rapid rise to new highs. As international investors have started to wane in the confidence in the safety of American power, the fall in the value of the dollar has shown that. As investors have moved into gold, prices have hit $3,357. A roughly 30% increase on the year.

Watches have been a statement piece since the 16th century in Europe. Not only does this innovation tell time, but it has also brought history to the mainstream world today.

As more and more small business owners venture into different industries, there is no denying that there are risk factors associated with starting a business. This can vary from the state of the economy to the latest trends in demand for the business to succeed. Nevertheless, there has been an increase in the number of small business owners within the U.S., reaching over 430,000 new businesses per month in 2024, a 50% increase compared to 2019. Kicking off the new year of 2025, various considerations and influences need to be considered for current and future entrepreneurs worldwide.

As we continue to witness and experience various shifts in the economy, many factors come into play that lead to global problems. These include climate change, natural disasters and country debt. However, Ireland is facing a rather unusual problem; they have more money than expected this year.

Interested in learning more about international business? Test your knowledge with the recently updated globalEDGE International Business Knowledge Quiz.

Asian economies will become growing players on the international scene as we look toward the years to come. As the American economy faces challenges, nations such as Vietnam and India are blazing their trails to prosperity, each with its own set of obstacles and chances.

The looming arrival of Hurricane Milton has sparked significant concern in international business, with the Category 5 storm bearing down on a key industrial and export region in the Atlantic. As Milton accelerates towards the U.S. Gulf Coast and Central America, experts predict widespread disruptions in the global supply chain, manufacturing, and energy sectors.

Gone are the days when a rising tide could be said to lift all boats. According to the Intergovernmental Panel on Climate Change, sea levels rose almost twice as much between 1993 and 2010 as they did over the previous century. Its forecast is for a rise of 0.93 meters by the year 2100. Yet another recent study from May 2019 indicates that sea levels at the end of the century could surge by over 2 meters. 

The United States Federal Reserve’s recent move to lower interest rates signals a significant change in the current state of the world economy. This change is expected to impact global and US economies following years of rate increases intended to contain inflation. Lower interest rates in the US are anticipated to encourage business funding and consumer spending, supporting industries under strain. For example, if mortgages become cheaper, potential purchasers previously discouraged by high borrowing costs may become more active in the property market.

While the U.S economy has been strong through 2024 following the pandemic, the European economy has lagged. Germany and the U.K., the two largest European economies, narrowly avoided a recession. This is partly due to lower government spending, resulting in lower consumer and private spending.

Retirement savings are a looming concern that millions of people across the world are facing daily. Amid economic turbulence, shifting demographics, and an evolving employment landscape, a growing number of people find themselves falling short when it comes to preparing for their golden years. For many, the biggest question about retirement is not how they will spend their free time, but rather if they’ll be able to retire.

Corporate profiteering, the relentless pursuit of excessive profits without ethical considerations, has become a significant factor in the realm of international business. In the interconnected global economy, the actions of companies in one country can have far-reaching consequences, particularly in terms of inflation. Corporate profiteering affects inflation and has created a global ripple effect.

Whether someone is buying or renting a house, there is a significant advantage if a home buyer pays in U.S. dollars. The dollar has surged against the British pound and euro in recent years. This led Americans to flock to countries like France and the United Kingdom to buy homes at a discount. The euro has since regained some of its strength, but those buying with the U.S. dollar can still see big savings in countries like