Global central banks enter the interest rate cycle
As the countdown to the last four weeks of 2024 approaches, we will usher in a series of important data and meetings next week, which will also set the tone for the final performance of […]
Economy
China’s economy has grown rapidly and has become the world’s second largest economy
Over the past 40 years since the start of reform and opening up, China’s economy has grown rapidly and has become the world’s second largest economy. It has steadily contributed about 30% of global growth […]
Russia’s economy may face severe inflation
DailyEconomic – Although the Russian economy continues to grow under the world’s largest sanctions, with the European Union alone imposing 13 rounds of sanctions on Russia, Ukrainian economists say that in fact, it is not […]
Thailand and South Korea begin first round of EPA negotiations
DailyEconomic – Thailand and South Korea have started the first round of economic partnership agreement negotiations, with both sides hoping to strengthen bilateral trade and investment. The three-day talks were held in Bangkok and chaired […]
Egypt and Serbia sign multiple cooperation agreements
DailyEconomic – Egyptian President Abdel Fattah Sisi and Serbian President Aleksandar Vucic witnessed the signing of a number of cooperation agreements between the two countries in Cairo last Saturday (July 13), covering trade, investment, information […]
World debt burden tops $91 trillion
According to a report on CNN’s website on July 2, the debt owed by governments around the world has reached an unprecedented $91 trillion, an amount that is almost equal to the size of the […]
The JPY exchange rate depreciates by 8% in 2023
In the foreign exchange market in 2023, the “excessively cheap yen” is attracting attention. The yen fell the most among major currencies, hitting a record low relative to theoretical values based on prices at home […]
The RMB overtook the JPY in global payments
The RMB’s share of global payments hit a record high in November, making it the fourth most widely used currency for the first time since early 2022, according to transaction data compiled by Swift, a […]
COP28 accelerates the move away from fossil fuels by 10 years
COP28 of the United Nations Framework Convention on Climate Change (UNFCCC) was concluded on 13 December, and the outcome document adopted included statements such as “accelerating the transition away from fossil fuels in about 10 […]
OECD: China’s economy has bottomed out, expected to grow 5.2% in 2023
The OECD has revised downward the growth rate of the world economy for this year and next year, which is expected to be below 3% in both cases. According to the OECD analysis, high policy […]