As the world closely monitors the trajectory of the Chinese economy, policymakers face mounting pressure to revive growth and steer the nation toward a robust recovery. China’s factory activity declined for the fourth month in July, with services and construction sectors also experiencing slower growth. In light of these concerning indicators, the onus now lies …
China Recovery Faces Challenges Amid Slowing Economy Read More »
In the face of steadily higher interest rates and the Federal Reserve’s prolonged battle against inflation, the U.S. economy has experienced an astonishing acceleration, defying expectations and showcasing its enduring strength. The Commerce Department reported that the GDP grew at a strong 2.4% annually in the second quarter, exceeding predictions. This impressive economic boom has …
Economic Boom: Growth Amid Rising Interest Rates Read More »
President Joe Biden’s economic plan has been the subject of intense debate and analysis since its announcement. Larry Summers, a former Obama and Clinton official, has recently voiced concerns over certain aspects of the plan, labeling them “increasingly dangerous” and potentially leading to higher prices for American citizens. In this article, we will delve into …
The Economic Plan Under Scrutiny: Biden’s Agenda Read More »
In the banking realm in China, a significant change has occurred as the country grapples with severe economic challenges arising from the coronavirus pandemic. China’s central bank, the People’s Bank of China, has appointed Pan Gongsheng as its new governor. Amidst a slowing economy, housing crisis, and record youth unemployment, Yi Gang’s successor faces a …
In recent Chinese stock market news, the global financial landscape witnessed a significant surge on Tuesday as Beijing unveiled plans to strengthen its sputtering economy. With measures to bolster economic growth taking center stage, investors responded enthusiastically, driving key indices and stock prices higher. The recent developments in the Chinese stock market showcase remarkable sector …
India, the world’s most populous country, continues its pursuit of becoming a developed nation, banking on its demographic dividend and striving for robust economic growth. According to a recent Reuters poll of economists, India’s economy is expected to grow steadily for the upcoming fiscal year but below its full potential. However, this promising economic outlook …
India Unemployment Rate: Growth Prospects Challenge Read More »
The Lebanon economic crisis has reached a critical juncture as the country grapples with one of the world’s worst financial meltdowns. The imminent departure of Lebanon’s central bank governor, Riad Salameh, after an astonishing 30-year tenure, leaves behind a country shattered by a collapsing economy and mired in a relentless financial downturn. This article sheds …
Singapore, known for its robust economy, has managed to navigate the current economic challenges with resilience. The latest advanced estimates of Singapore GDP reveal a steady growth of 0.7% year-on-year and 0.3% quarter-on-quarter, averting a technical recession. In this article, we delve into the key factors driving Singapore’s economic performance and analyse the implications of …
In the IMF Pakistan news, the International Monetary Fund (IMF) has granted its long-awaited approval for a $3 billion bailout package to support Pakistan’s economic stabilisation program. This decision is a much-needed relief for the South Asian nation, helping prevent a potential default on its debt repayments. The IMF’s executive board has given the green …
Sri Lanka, known for its breathtaking coasts and vibrant fishing communities, is grappling with a severe economic crisis, exacerbating the challenges faced by its fishermen. The country’s heavy reliance on fishing leaves it susceptible to the combined effects of climate change and economic decline. In this article, we delve into the ramifications of the Sri Lanka …
Sri Lanka Economic Crisis: Challenges for Fishermen Read More »
India will be the second-biggest economy in the world by 2075. It will overtake Germany, Japan, China and the United States of America (USA), investment bank Goldman Sachs reported in its latest forecast. The report stated the main arguments for this rating are India’s population growth, the country’s advancement in innovation and technology, higher capital …
India Will Be the Second-Largest Economy in The World by 2075 Read More »
Despite expectations of narrowing interest rate differentials, the U.S. dollar will hold its ground against most major currencies for the remainder of the year. FX strategists, in a recent Reuters poll, suggest that the greenback’s resilience stems from the robustness of the U.S. economy. This article delves into the factors supporting the dollar’s strength and …
The economic landscape between the United States and continental China is turbulent. Treasury Secretary Janet Yellen’s visit to Beijing comes at a critical juncture, with escalating trade restrictions and growing strategic frictions surrounding Taiwan and the South China Sea. This article explores recent developments that have further strained bilateral relations and their potential consequences for …
The European Union is considering a proposal for the Russian Agricultural Bank to establish a branch to reconnect with the SWIFT global financial network. Since the bank is under sanctions, the proposal to close the branch is supposed to protect the Black Sea grain agreement that allows Ukraine to export food to global markets. …
The EU is considering the inclusion of a Russian bank in the SWIFT system Read More »
The global economy has experienced a rollercoaster ride in the first half of 2023, with the old economy pulling down the prices of base metals. As China’s manufacturing sector faces its third consecutive month of contraction, the consequences are evident in the market. This article delves into the challenges faced by China’s manufacturing sector and …
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