Daily Management Review
Economics

S&P downgrades global economic growth forecast - 2022

S&P Global Ratings, an international rating agency, has lowered its projection for global GDP growth for the current year to 3.6 percent from 4.2 percent previously predicted, citing recent developments in the international arena. In a news statement, the agency states, "We are projecting a 60...

OPEC+ explains volatility in the oil market

The effect of geopolitical issues was used by OPEC+ to explain oil market volatility. According to the communiqué of the alliance members' meeting, OPEC+ believes that the oil market is presently balanced, and that the current volatility is caused by geopolitics rather than fundamental issues. At...

According To The IMF, Financial Sanctions Against Russia Threaten To Erode The Dollar's Dominance

According to a top IMF official, the extraordinary financial sanctions imposed on Russia following its invasion of Ukraine threaten to erode the US dollar's dominance over time, resulting in a more fragmented international monetary system.   The IMF's first deputy managing director, Gita...

Contraction In Both Chinese Manufacturing, And Services Sectors For First Time Since 2020

For the first time since the peak of China's COVID-19 pandemic in 2020, manufacturing and service activity in March fell at the same time, highlighting the need for stronger governmental action to stabilise the economy.   The official manufacturing Purchasing Managers' Index (PMI) dipped to...

US to boost technological competition with China

A bill to increase the US economy's competitiveness was adopted by the Senate by a majority vote. The paper calls for lowering reliance on essential component sources (particularly semiconductors and telecom equipment), enhancing competition with Chinese high-tech enterprises, and taking extra...

Analysts expect to improve Q4 U.S. GDP growth estimates

U.S. GDP rose 7.1 percent year-over-year last quarter, according to the third and final estimate (if GDP had grown at the same rate for four straight quarters), according to analysts polled by Daily FX. The release will be issued by the Commerce Department's Bureau of Economic Analysis on...

Japan's Prime Minister Directs Cabinet To Put Together A Relief Package To Tackle Increasing Prices

Fumio Kishida, Japan's prime minister, instructed his cabinet to put together a new relief package by the end of April to help offset the economic impact of rising fuel and raw material prices.   The package is expected to include a continuation of a fuel subsidy for oil distributors, as...

UAE Sovereign Fund suspends investments in Russia because of Ukraine

The UAE sovereign fund Mubadala has decided to suspend all investment in Russia, Reuters reported. UAE sovereign fund Mubadala, the second largest sovereign fund of Abu Dhabi, will suspend all investments in Russia, Reuters reported, citing the general director of the fund Khaldoon Al Mubarak. Its...

An EU Survey Suggests The Block Should Have Its Own Full Budget To Stabilise The Economy

A European Commission study of academics, think tanks, and other groups and individuals proposed that the European Union, like national governments, should have a proper budget that it could use to stabilise the bloc's economy if necessary.   The EU's 27 member states currently have a budget...

100,000 farms in Italy may close due to pandemic and situation in Ukraine

About 100 thousand agricultural enterprises in Italy may close due to the coronavirus pandemic and the situation in Ukraine, according to the largest association of Italian agricultural producers Coldiretti. Based on data from the national Agricultural Research Council, Coldiretti experts argue...
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