The recession that hit Britain’s economy in the second half of 2023 presented a challenging environment for Prime Minister Rishi Sunak, who has pledged to accelerate growth in front of the anticipated 2024 election. The gross domestic product (GDP) shrank… Read More ›
Day: February 15, 2024
The $1.5 Trillion Commercial Property Issue Faced By European Banks
Amidst investor concerns about lenders’ ability to handle risk and a sharp decline in office prices on both sides of the Atlantic, European banks have around 1.4 trillion euros ($1.50 trillion) in loans to the ailing commercial real estate sector…. Read More ›