Great Recession

Mining Industry Leads as Producer Prices Rise in Bulgaria

In Bulgaria, producer prices in August saw a 1.5% increase compared to the same month last year, according to data from the National Statistical Institute. The mining industry experienced the largest price growth, rising by 9.1%, while prices in electricity, heat, and gas production and distribution increased by 7.7%.

Greeks have changed their consumer habits due to rising prices, survey shows

According to a survey conducted by the General Confederation of Consumers of Greece and released on Tuesday, Greeks have significantly changed their consumption habits due to rising prices, especially for food and utilities.

Of those surveyed, 68.9% said they were very affected by price increases over the past year, while 25.4% said they were somewhat affected.

A triple stress test for Europe

During the global financial crisis of 2007-9, the US government and the Federal Reserve subjected US banks to a stress test. The idea was to test banks in severe - but hypothetical - recession scenarios in which they would have to show they were adequately capitalized, thereby restoring the confidence of depositors and investors.

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