Daily Management Review
Economics

FT: EC will explore possibility of earning on frozen Russian assets

According to the Financial Times, European Council President Charles Michel wants to explore the possibility of managing $300 billion in frozen Bank of Russia assets in order to turn a profit that might be used to fund the reconstruction of Ukraine. According to The Financial Times, Michel urged...

Key Development At The World Economic Forum In Davos

Global leaders and business executives left a freezing World Economic Forum (WEF) meeting on Friday after a candid discussion of how the world will address its most pressing issues in 2023.   ECONOMY    Gloom and doom at the start of Davos gave way to cautious optimism by the...

As Its Reserves Approach 10% To 11% Of US GDP, The Fed Will Likely Slow The Runoff

According to a statement from the United States Federal Reserve Governor Christopher Waller, it is probable that the fed could begin to push the brakes on its balance sheet runoff as soon as the reserves of the bank touch about 10% to 11% of the gross domestic product of the country.  ...

Record Current Account Surplus Amounting To $227 Bln Posted By Russia For 2022

The current account surplus of Russia touched a record high in 2022, according to the central bank of the country, as lower imports and strong oil and gas exports kept foreign money flowing in into the country even in the face of Western sanctions aimed...

Brazil sets to close budget deficit within two years

According to Fernando Haddad, Brazil's minister of economy, the country wants to implement tax reform and close the state budget deficit in the next two years. Haddad stated during the WEF session that "we aspire to return to the pre-crisis pandemic budget revenues and spending, which is 18.7% (of...

Chinese Economic Growth In 2022 Was Among The Worst Ever As Post-Pandemic Called Into Question

China's economic growth in 2022 will be one of the slowest in nearly a half-century, thanks to strict COVID curbs and a property market slump in the fourth quarter, putting pressure on policymakers to announce more stimulus this year.   Although quarterly growth and some December indicators,...

IMF chief Georgieva: Trade fragmentation may cost global economy 7% of global GDP

IMF head Kristalina Georgieva warned that trade fragmentation may cost the economy 7% of the global GDP "in a terrible situation". In a statement posted on the IMF website, Georgieva claimed that a recent study suggested that trade fragmentation alone might eventually cost the world economy 0.2% of...

Indonesian Palm Oil Exports Restrictions, And Its Biodiesel Plans Are Threatening Global Vegetable Oil Supplies

The decision by Indonesia, the world's largest palm oil exporter, to restrict shipments and increase domestic biodiesel consumption is expected to squeeze global vegetable oil supplies, which are already being squeezed by lower output in Southeast Asia and Latin America.   Buyers of edible...

China's Trade Fell Sharply In December, Casting Doubt On The Country's Growth Prospects In 2023

China's exports fell sharply in December as global demand cooled, raising concerns about the country's economic recovery this year, but a more modest drop in imports reinforced views that domestic demand will gradually recover in the coming months.   While imports are expected to rise on the...

Malaysia Stated It May Suspend Exporting Palm Oil To The EU As A Result Of New Restrictions

Malaysia said on Thursday that it may stop exporting palm oil to the European Union in response to a new EU law that strictly regulates the product's sale in order to protect forests.   Malaysia and Indonesia, according to Commodities Minister Fadillah Yusof, will discuss the law, which...
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