The Summer EU Commission's Economic forecast gives a good overview of what is hitting the European and World Economy, namely:- The escalation of tensions between Russia and the EU, as a result of the Russian invasion of Ukraine, resulted in additional upward pressures on gas prices.Intensifying and broadening inflationary pressures are prompting faster normalisation of …
Continue reading Main takeaways from the EU commission’s Summer Economic Forecast
We all know we are in a very tight labour market. I meet employers all day, all the time and they all have huge headaches with labour shortages, spiraling wages and trying hard to retain their employees. Some employers operate daily under a great fear that when they open their business in the morning, all …
Last week, it became official that the U.S. economy contracted in the first quarter of 2022 mainly due to a record trade deficit, notwithstanding a strong domestic demand. This was an abrupt halt as the U.S. economy grew at a robust 6.9% pace in the fourth quarter of 2021. The decline in the US GDP …
As I meet business leaders all the time, I am constantly bombarded by the problems that are presently effecting every business. In essence every business is grappling with the need to make changes and drive transformation to best handle the turbulence coming from inflation, supply-chain issues and the tight labour market leading to spiraling wage …
As previously explained, as from the 20th June a series of free training sessions, specially designed for Family Businesses, will be delivered.The topics that will be covered in the first 3 sessions have been outlined in an article I circulated a few days ago. May I remind you that the 1st session (20th June) and …
As you hopefully know by now the European Central Bank yesterday outlined its monetary policy which will be based on a number of increases in interest rates in response to the increase in inflation across Europe. Inflation typically occurs when an economy is growing and strong demand push prices higher. In this case the central …
If have said it ad nauseum, that businesses need to be more strategic in their thinking and decision making. However the magnitude of changes coming from the technological, geopolitical, social and natural environment spheres are such that the formulation of business strategy is becoming an ongoing process. Why is this so? Dynamic Change: The increase …
As outlined last Friday, as from the 20th June, a serious of online sessions will be launched with the aim of providing targeted training for family businesses. The 1st session on the 20th June and the last session on the 29th July will also be done in a hybrid format, to allow family business to …
The discussion held in the past days at World Economic Forum’s annual gathering at Davos makes some very sorry reading. A darkening global economic outlook was the number one talking point. Many economic analysts foresaw either regional pockets of economic recession in countries or continents particularly exposed to the Russia-Ukraine war and global supply chain …
This morning I was reading an article as to how small & medium sized bakers where lamenting the drop in their sales revenue from maltese bread. The article had all the hallmarks of the usual issues that plague certain family businesses. It could be that the supply chain issues and the Ukrainian war leading to …
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