The US economy is showing signs of recovery as the unemployment rate drops to 4.8% in June. This is a positive development following the economic downturn caused by the COVID-19 pandemic. The Federal Reserve is closely monitoring the situation and has hinted at possible interest rate hikes in the future to prevent overheating. Meanwhile, the EU is facing challenges with inflation rising to 3% in June, prompting concerns about the impact on consumer purchasing power. The UK is also experiencing economic recovery, with GDP growing by 2.3% in the second quarter of the year. Despite these positive indicators, uncertainties remain in the global economy as countries continue to grapple with the ongoing effects of the pandemic.
Source
Arwen Volkov, A graduate of the University of St. Gallen in Switzerland with a degree in International Finance, Arwen specializes in sustainable finance and green investments. She began her career at an investment bank in London, where she developed financing models for environmentally friendly projects. Known for her analytical and strategic thinking skills, Arwen is a sought-after financial consultant. In her spare time, she mentors fintech startups, contributing to their growth strategies. She is also a nature enthusiast and an amateur photographer.
