Quick Look: IMF revises the 2024 global growth forecast by 0.1%, maintaining a stable outlook amidst global challenges. Advanced economies like the US and the Eurozone show positive indicators, surpassing pre-COVID levels. Geopolitical tensions, inflation risks, and differing central bank approaches threaten forecasted growth despite potential economic drivers. The IMF emphasizes urgent reforms for sustained …
Quick Look: Global Growth Projections: IMF predicts growth of 3% in 2023 and 2.9% in 2024. Geopolitical Tensions: Ongoing conflict in the Middle East escalates oil prices. Inflation Concerns: High inflation rates prompt fears of continued tight monetary policy. Energy Sector Outlook: Predictions of oil prices reaching $100 per barrel. BP’s Strategic Moves: BP aims …
2023/24 Global Economy: 3% Growth Amidst Conflict Read More »
Quick Look: Thailand and Singapore emphasize digital and green economies, deep tech, and smart cities. The economic outlook for Thailand in 2024 projects growth of 2.8%-3.3%, with calls for governmental action to stimulate the economy. Ongoing EU-Thailand trade talks seek to balance economic growth with democratic principles. The partnership aims for economic resilience and innovation, …
Singapore-Thailand Talks Boost Digital & Green Growth Read More »
Quick Look: Russia’s seaborne crude oil exports surged to nearly 3.5 million barrels/day, diversifying energy markets amidst sanctions. Despite Western sanctions freezing $300 billion, Russia’s reserves reached $599 billion in 2023, ensuring economic stability. Russia’s economy stays resilient despite sanctions, aided by fiscal stimulus during COVID-19, supporting growth and military operations. Russia-China ties strengthen amid …
Russia’s 2023 Economy: Navigating Sanctions Successfully Read More »
Quick Look: The Francis Scott Key Bridge in Baltimore collapsed after a massive container ship strike. Daily wage loss is estimated at $2 million, affecting 8,000 jobs and disrupting cargo worth up to $200 million. President Biden seeks federal funding for rebuilding, highlighting the Bipartisan Infrastructure Law’s role. Minimal overall economic growth impact predicted, with …
$2M Daily Loss: Baltimore Bridge Collapse Aftermath Read More »
Quick Look: France’s public deficit climbed to 5.5% of GDP in 2023, beyond the set target of 4.9%. The French government sets a reduction target for the deficit to less than 3% by 2027. Macron’s visit to Brazil emphasizes strengthening economic ties, focusing on green investment and defence cooperation. Amidst the global recovery phase, the …
France’s Fiscal Path 2023-2027: Deficit & Growth Read More »
Quick Look New Zealand’s economic contraction by 0.1% in the last quarter of 2023. The per capita economy shrank by 0.7% in the same period. A record migration intake of 141,000 in 2023 amidst economic downturns. The upcoming national budget may introduce significant adjustments in response to the recession. New Zealand’s Central Bank indicates potential …
In the vast tapestry of economic phenomena, few concepts capture the complexity and nuance of our economic system quite like biflation. This term, coined by Dr. F. Osborne Brown in 2003, offers a window into an economic anomaly that defies conventional wisdom. The term tells the story of an economy caught between two opposing forces: …
Quick Look The BoJ has announced significant changes to its monetary policy, marking a departure from the negative interest rates since 2016. For the first time since 2007, the BoJ raised borrowing costs, setting short-term interest rates at about 0% to 0.1%. The policy adjustments include the end of yield curve controls and a strategic …
BoJ Shifts Gear: Ends NIRP, Raises Rates First Time in 16 Years Read More »
Quick Look South Korea introduces the Corporate Value-up Programme to mitigate the “Korea Discount” and stimulate stock market valuations. The National Pension Service (NPS), the world’s third-largest pension fund, awaits details to adjust asset allocation. Comparisons with Japan’s market reforms spotlight potential benefits and investor scepticism regarding South Korea’s approach. Legal leniency towards chaebols and …
South Korea’s Corp Reform: A Battle Against the Discount Read More »
Quick Look February’s Consumer Price Index is about to rise by 0.4%, indicating an annual inflation rate of 3.1%. Core CPI, excluding gas and food, may decrease slightly from January’s figure. The Producer Price Index will show a marginal increase, reflecting ongoing inflation pressures. Federal Reserve Bank of Atlanta projects a 2.5% annual growth rate …
The U.S.: Feb CPI Growth 0.4%, Job Adds Hit 275K Read More »
Quick Look GDP grows by 0.2% in December Quarter 2023, matching economists’ predictions. Annual Australia’s GDP Growth Rate hits 1.5%, aligning with expectations. Export growth and reduced imports boost the economy, while company stock reductions hinder. The household savings ratio rises after two years. Projections indicate a slowdown in GDP growth, with potential recovery by …
Quick Look February’s annual inflation rate in Turkey soared to 67.07%, up from January’s 64.86%. The monthly Consumer Price Inflation (CPI) rose by 4.53% in February, surpassing expectations. Central Bank of Turkey ramped up interest rates by 3,650 basis points to 45% since June. The Turkish lira weakened further, trading at 31.4205 against the dollar …
Turkey’s Inflation Hits 67.07%, Lira Drops to 31.4205 Read More »
Quick Look China’s GDP growth has reached a 30-year low amidst a backdrop of declining birth rates and high youth unemployment. Despite challenges in the financial and property markets, sectors like tourism, electric vehicles, and solar panels show robust growth. The economy expanded by nearly 5% last year, driven by industries outside the troubled housing …
China’s Economy Hits 30-Year Low, Eyes 5% Growth Read More »
Quick Look France announces a €8 billion ultralong bond issuance with a maturity date in May 2055, showcasing strong market confidence. Despite high investor demand, French consumer confidence dips further in February, reflecting ongoing economic concerns. Qatar pledges a substantial €10 billion investment in France’s economy, targeting key future-oriented sectors. In a remarkable show of …
€18B Boost Amid Bonds in France & Qatar Investment Read More »
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