On July 27, the United States and the European Union agreed on a trade deal that is lowering tariffs of 30% on European goods threatened by August to 15%, including on cars.
President Donald Trump’s evolving trade policy is set to sharply increase the United States’ effective tariff rate (ETR), with Fitch Ratings warning of substantial rises as new duties take effect on August 1.
The world is living through turbulent times, but investors are still chasing returns which has affected the flows of international foreign direct investment.
Poland’s core inflation, an indicator that measures price growth without including prices of food and energy, picked up its growth rate to 3.4% year on year in June (chart) after a gain of 3.3% y/y the preceding month.
A decline in global population later this century may threaten human progress, or it may lead to better lives.
Growth of consumer price indices (inflation) accelerated further to 4.3 year on year, and by 0.2% month on month. This is up on the 4.1% y/y acceleration registered in May, and the highest inflation level since December 2023.
Poland’s consumer price index rose 4.1% year on year in June (chart), picking up from 4% y/y the preceding month, data published by the national statistics office GUS on July 15 showed.
As July 11 marks World Population Day, celebrating the approximate date that the world's population reached 5bn in 1987, we're taking a closer at one of the population trends that will affect many countries sooner or later in the 21st Century.