Daily Management Review
Economics

WTO comments on world GDP and trade growth rates in 2022

The World Trade Organization (WTO) downgraded its forecast for global GDP growth in 2022 from 4.1 percent to 2.8 percent as a result of the conflict in Ukraine, according to the WTO’s report. "Global GDP will rise by 2.8 percent on market exchange rates in 2022, down 1.3 percentage points from the...

Covid Lockdowns And Ukraine War Likely Slowed China's March Trade Growth

China's export growth slowed in March as the Ukraine war reduced global demand, wile imports declined amid evidence that widespread anti-Covid lockdowns had hurt internal spending, according to a report from Reuters based on a survey of economists.    According to a Reuters poll of 19...

Ukraine War And A Weak Yen Hold Japan's Wholesale Inflation Close To Historic High

According to figures released on Tuesday, Japan's wholesale inflation stayed near record highs for the month of March, as the Russian invasion of Ukraine and a weak yen pushed up gasoline and raw material costs, putting additional strains on the resource-poor economy that is heavily reliant on...

Chinese market falls after release of data on inflation

The Chinese market fell 3% after release of inflation data that exceeded expectations. Chinese markets on Monday fell after the release of inflation data for March and statistics on the coronavirus. At the closure of trading, the CSI 300 index (tracks the shares of the largest companies in China)...

BofA Warns Of A "Recession Shock" Coming Soon

The macroeconomic outlook is rapidly deteriorating, putting the US economy in jeopardy with the Federal Reserve tightening its monetary policy with the aim of keeping rising inflation in check, said to Bank of America (BofA) strategists in a weekly research note to clients....

Fitch affirms Hong Kong's rating

Hong Kong's long-term foreign currency Issuer Default Rating (IDR) has been affirmed at "AA-" by international rating agency Fitch Ratings, with a stable outlook. Large financial reserves, strong external finance, and a high per capita income strengthen Hong Kong's ratings, according to the agency....

Mexico's Annual Inflation Rate Is At A 21-Year High, And More Rate Hikes Expected

Consumer prices in Mexico climbed 7.45 percent in the year to March, the highest level since early 2001 and more than double the central bank's target, according to data released on Thursday by the INEGI national statistics office, implying that more interest rate hikes are expected.  ...

German industrial production rises better than forecast in February

Germany's seasonally adjusted industrial output rose 0.2% in February compared to the previous month after a 1.4% growth in January (the figure was revised from 2.7% earlier), according to the country's Ministry of Economics and Technology. Analysts polled by DailyFX expected industrial production...

Oil Prices Are Rising As New Russian Penalties Overcome Concerns About Demand

Oil futures climbed on Wednesday, reversing early losses, as the potential of fresh penalties against Russia stoked supply concerns, contrasting concerns about weaker demand as a result of a rise in US oil stockpiles and Shanghai's extended lockdown.   Brent oil futures were trading at...

Omicron Surge In China Leaves Negative Impact On Its Services Sector Activity: Caixin PMI.

According to a private sector survey released on Wednesday, activity in China's services industry dropped at the fastest rate in two years in March, as a surge in coronavirus cases hindered mobility and weighed on demand.   In March, the Caixin services Purchasing Managers' Index (PMI) fell...
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