Pacific Ventures Group recently signed an agreement with a new co-packer to produce and manufacture the SnöBar product line in the United States. The new factory will produce the SnöBar product line at a reduced price, which will allow greater profitability for the company. The idea for SnöBar
Oil production in the world has fallen in part due to the transition to clean energy, highlighted the Central Bank of the Netherlands (DNB). An analysis by this bank shows that the increase in the price of oil in the first quarter of 2022 was mainly due to
The resurgence of the pandemic and financial vulnerabilities in China pose a risk to the world economy, indicates the Dutch Central Bank (DNB). New waves of infections and strict confinement measures are slowing economic growth in China: industrial production fell in April for the first time in two
The US trade deficit widened by $191.6 billion to $1.541.7 billion in the first quarter, imposing the largest drag (3.2 percentage points) of all components of GDP growth. While total exports of goods and services fell 5.9% at the annual rate, total imports of goods and services increased
Nonfinancial business credit in China has been rising rapidly, supporting GDP growth, but the resulting leverage in the corporate sector makes it increasingly vulnerable to shocks. According to the US Federal Reserve, non-financial business credit in China has reached around 160% of GDP, a level that is much
The Congressional Budget Office (CBO) projects that business investment in the United States (fixed and in real terms) will increase 6.6% from the fourth quarter of 2021 to the fourth quarter of 2022. Business investment includes the purchase of new equipment, nonresidential structures, and intellectual property products, such