Economists Project China GDP to Record over 6 Percent Growth at Most in 2023, Injecting Impetus into Global Economic Recovery
International organizations and investment banks intensively raised their projections for China's economic growth in 2023 following impressive recovery of the country's consumption market during the Spring Festival holidays.
China’s Reopening Comes With a $720 Billion Inflation Bomb
In China, the reopening of the economy is coming at a time when its central bank is in easing mode – potentially making it all the more inflationary.
China's Population is Shrinking. The Impact Will be Felt around the World
China may be one step closer to losing its place as the world's most populous country to India after its population shrank for the first time since the 1960s.
Energy Minister Novak Warns that Russian Oil Production Curb Needed
The Kremlin will mandate Russian oil producers to reduce output and avoid compliance to a recently introduced price cap mechanism, according to the country’s deputy prime minister in charge of energy issues Alexander Novak.
Japan Delivered a Cold Shower to Investors Across the Globe
A surprise announcement from the Bank of Japan sent investors spinning and global markets reeling on Tuesday.
Pakistan To Become Sixth-Largest Economy In The World By 2075, Says Goldman Sachs
A research paper published by Goldman Sachs projected Pakistan to be the sixth-largest economy in the world by 2075 given that “appropriate policies and institutions” are in place, local media reported.
What’s The Effect of Russian Oil Price Cap Ban and Whether It’s Attainable?
Western governments have agreed to cap the price of Russia’s oil exports
US’ Ban On Chinese Tech Firms Will Only ‘Hurt Global Value Chain, Get Backfire’
The U.S. Federal Communications Commission (FCC) on Friday banned 5 Chinese firms from selling communications equipment in the U.S., citing the catch-all excuse of “national security” a move Chinese experts warned will only hurt the global value chain and will definitely backfire.
A Green Hydrogen Bet, GM Expects EV Profits By 2025 And The World’s Population Hits 8 Billion
Challenges with supply chains and an incredibly slow production ramp-up of new electric vehicles continues but General Motors is still having a very good year financially and expects that to continue.
World Population Touches the 8 Billion Milestone; India to Replace China As Most Populated Country By 2030
The world touched 1 billion back in 1804, and the growth has gotten faster and faster over the subsequent two centuries.
China's Q3 GDP Grew 3.9% YoY, Beating Forecasts
The data, published six days later than scheduled, showed higher growth than the consensus of 2.5%.
Biden Threatens 'Consequences' for Saudi Arabia after OPEC+ Cut, but His Options are Limited
President Joe Biden is angry at Saudi Arabia for its decision to slash oil production
Indian Stocks’ Decoupling Looks Unsustainable As Analysts Warn Of 30% Crash
Optimism among market participants over the apparent decoupling of Indian equity and bond markets from the global turmoil is not likely to sustain and has made the domestic market vulnerable to a crash, said analysts.
British Pound Plummets to Record Low against the U.S. Dollar
The British pound crashed to a record low against the US dollar on Monday on growing fears about the stability of UK government finances.