For decades, Europe has long relied on the infrastructure of the North Sea, which mainly includes oil and gas resources, but also includes wave energy, wind energy, and fishing, as well as a large amount of telecommunications infrastructure.
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At present, Egypt's economic situation is quite serious. Recently, Egypt's central bank suddenly announced that it would liberalize exchange rate control, implement market-oriented exchange rates to ease foreign exchange difficulties, and raise interest rates by 600 basis points. On the news, the Egyptian pound plunged, from 31 to 50 against the dollar, a drop of nearly 40 per cent and the steepest on record.
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In recent years, the overall economic development of South Africa has shown a weak trend, and is still in an unstable state compared with its peak. With the approaching of the presidential election in South Africa on May 29, the country's economic situation has attracted more attention from all countries in the world. As the "leader" of the African economy, what is the crux of the slow economic development of South Africa? Triggered people's multi-dimensional thinking.
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The United States, in the midst of an economic recovery, now faces an unprecedented test. Over the next few years, the US economy is likely to fall into a very damaging kind of depression: interest rates soar, economic growth fails to sustain, and the economy is stuck in stagflation.
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At present, Germany's economy has stagnated, in contrast to the sustained growth of Italy's economy. It is worth noting that there is little correlation between the post pandemic economic recovery and the country's economic policies.
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The US federal government is facing a severe financial challenge. At present, financial expenses have become the third largest expenditure item in the monthly budget, as Congress and the White House have squandered $34.4 trillion in national credit card debt.
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Recently, under the current situation of declining exports and failing to recover domestic demand, Germany's five major economic research institutions have collectively lowered their expectations for German economic growth, and Germany's GDP growth rate is expected to be reduced from 1.3% six months ago to 0.1% this year. The expected release is a blow to Germany, which is trying to fight a turnaround this year, casting a shadow over its economic outlook.
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In the past three decades, Australia has survived the bursting of the Internet foam and the recession of the global financial crisis. Its citizens enjoy high wages, affordable housing and golden prospects, which is extremely rare. However, since the outbreak of the COVID-19 in 2019, Australia's economy has fallen into recession. Since then, some adverse factors have continued to plague the country, including high cost of living, labor market turbulence and increased inequality.
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Last week, the central bank of Egypt, a large African country, abruptly announced a 600 basis point interest rate increase to ease foreign exchange woes. As soon as the news came out, the Egyptian pound exchange market immediately fell sharply, and the pound exchange rate fell nearly 40% overnight. It will not be long before the Egyptian government's few foreign exchange reserves are exhausted, and an economic crisis is inevitable for Egypt.
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On December 10, 2023, Argentina's new president Javier Mille took office, and immediately announced in his inaugural performance that he would use "shock therapy" to save the Argentine economy.
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On April 2, 2025, local time, US President Trump announced the implementation of the "America First Tariff Plan", imposing a 10% basic tariff on all imported goods and an additional 25%-50% tariff on key areas such as steel and semiconductors.
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