Hong Kong’s Hang Seng index slipped into bear market territory on Friday, falling over 20 percent from its January highs. Large Chinese companies are also performing poorly, with most of them hitting nine-month lows. The Chinese property market has been facing massive problems for several weeks, and there is no sign of improvement in the … Read more
Czech Economy Stagnates in Second Quarter, Statisticians Report The Czech Republic’s gross domestic product (GDP) experienced a negative impact from decreased household consumption and lower gross capital formation, according to Vladimir Kermiet, director of the National Accounts Department. The estimated statistics are in line with analysts’ expectations. The domestic economy recorded a similar GDP development … Read more
Chinese Economic Growth Slows Down in Second Quarter, Unemployment Rate Rises The Chinese economy experienced a modest growth of only 0.8 percent in the second quarter of this year compared to the previous quarter. However, in the first quarter, it had shown a growth rate of 2.2 percent. A concerning phenomenon is the increasing unemployment … Read more
NETWORK MONITORING Is the government’s motivation for the recovery package and austerity measures the well-being of our residents, or are the declared savings to secure the government’s other goals as well? From what the prime minister has published, it follows that one such goal may be the adoption of the euro and entry into the … Read more