Prometeia’s Post

🚀 Prometeia Brief July 2024 📊 The new Prometeia Brief 2024 is now available, offering a detailed overview of global and Italian economic trends. This report highlights the challenges and opportunities ahead in the coming year. 🔍 Key Highlights: - Global GDP Slowdown: Modest deceleration in global GDP growth from 3.3% in 2023 to 3.2% in 2024. - Italian Economic Resilience: Italy's GDP growth forecast revised upwards to 0.9% for 2024, driven by sustained construction investment. - Inflation Trends: Inflation is falling more slowly than expected worldwide, impacting monetary policies. - Sectoral Insights: Growth in household consumption and durable goods sales, with a notable impact from automotive sales. - Construction and Investment: While residential construction investment is expected to drop due to the phasing out of the Superbonus 110%, overall construction investment remains supported by backlogs and NRRP-related projects. For more in-depth analysis, check out the full report.⬇️

In my latest for Euronews - I focus on the German Economy - The global Purchasing Managers’ Index (PMI) data for the country, which summarises whether market conditions are expanding, staying the same, or contracting, came in at 47.1 in November - up from October's 45.9 and the highest since July. - Moreover, significant declines in residential constructions and new orders, along with a drastic fall in affordability, are major challenges for the economic powerhouse of Europe, and it will continue to face these headwinds moving into 2024. - If you are wondering what the future holds, a recent report by the German Council of Economic Experts might be a good place to look too. According to the report, the country will only recover slightly in 2024 as its GDP is poised to contract by 0.4% in 2023. P.S. Glad to see this making it to the Top 5 Read at Euronews!!! #germany #euronews #europe #recession #construction #realestate #industrial #globaleconomy

📈 Georgia Biweekly Market Report: We're Back with Fresh Insights! 🚀 After a brief hiatus, JSC GeoHolding's Market Report is here to deliver the latest economic highlights from Georgia! ✅ GDP Surges Ahead! The latest recalculations by Geostat, adhering to guidelines from IMF and Eurostat, paint a brighter economic picture for Georgia. The real GDP growth for 2023 has been revised from a robust 7.0% to an even stronger 7.5%, with an average growth leap to 9.7% from 2021-23. 🌍 Tourism Triumphs! January 2024 started strong with a record US$ 300mn in tourism revenues, a 26.6% year-on-year increase. We're on track for an outstanding US$ 4.5bn revenue by year-end, as Georgia becomes a top travel destination once again. 🏨 Hotel Industry & Foreign Trade: Stay tuned for the full report with in-depth analysis of the hotel sector's revival and an overview of January's foreign trade figures. 💹 Bond & Equity Markets: Don’t miss out on our financial market overview, where we break down the latest trends in bonds and equities. 🔍 Dive into the details of Georgia's economic landscape as we resume our journey of insightful market analysis. Get your full copy of the report at: https://lnkd.in/gSjgtNN #geoholding #georgiaeconomy #marketreport #GDPgrowth #financialmarkets

The German economy stabilized in April, driven primarily by service providers and the retail sector. The #ifo_business climate rises for the third time in a row: from 87.9 points in March to 89.4 points. Consumption is recovering, which is due to the fact that incomes are rising faster than inflation. We have been expecting this effect for some time. In #industry, expectations for the coming months are improving. However, current business is not going so well. Many companies are lacking orders. Increases in production are not in sight. Companies are also reluctant to #invest, especially in housing construction. The government could counteract this by providing tax incentives or setting reliable standards for construction for the coming years. Of course, falling interest rates would also be helpful, as this would make it more interesting to invest in residential construction again. ifo Institute – Leibniz Institute for Economic Research Karen Pittel Timo Wollmershäuser Panu Poutvaara Oliver Falck Ludger Woessmann Marcel Thum Andreas Peichl Lisandra Flach

so as per economy surveys and forecasts of 2024, the IT and real estate sector will be hit more... what are your plans?

🧐 ,,Long-term forecasts are optimistic at least until 2028, when the International Monetary Fund’s forecast horizon ends. Thus, according to IMF data, if CEE-6 were considered as a single economy, it could become one of the 10 largest in the world by 2028", points out Silviu Pop, Director CEE & Romania Research. Read more details here: https://lnkd.in/dFamM35f #ColliersResearch #ColliersExperts #ColliersKnowledge

Industrial pricing has retained the gains experienced during COVID better than any other peer sector due to the low exposure to maturing debt, and the strength of continued demand emerging from foundational shifts in the U.S. economy. https://lnkd.in/dnnYAcUu #industrialrealestate #AYIndustrial

#PIGS seem to drive European economic #growth while #Germany and #France drag , while for the first time we observe a reduction in residential real estate value . #Energy prices are not normalising anytime soon, #geopoliticaltension on the rise, #defensespending on the rise , #foodinflation steady , #innovation absent , #automotive industry under threat of extinction and the everlasting question of who will fund the #greentransition when consumers struggle to buy necessities . Is #Europe ready to be poor ? 2025 onwards the fiscal discipline policies will put the political system on the spot .

Affordable, clean energy is essential for a strong economy - it keeps us warm, keeps the lights on, and is essential for greening the economy. This #GeneralElection New Economics Foundation are calling on all parties to acknowledge #WeAreTheEconomy! Invest in a National Energy Guarantee, invest in us, because we are the economy. Read their proposals here! the-national-energy-guarantee