Daily Management Review
Economics

Sub-Saharan Africa GDP Growth Estimated At 3.3% For 2021 And 3.5% In 2022 - World Bank

According to a world bank report released Wednesday, economic growth of 3.3 per cent for 2021 and 3.5 per cent for 2022 has been predicted for Sub-Saharan Africa which would be driven by rising commodity prices, the relaxation of some of the Covid-19 restrictions, and growth in global trade. ...

Biden: US may lose its economic advantage

If the United States does not invest massively in itself, it risks losing its economic advantage in the world. US President Joe Biden said on Tuesday when he spoke in Michigan about the country's infrastructure plan. "America is still the largest economy in the world ... But as a country, we risk...

WTO improves global trade forecast

The World Trade Organisation (WTO) expects global trade growth of 10.8% this year and 4.7% in 2022, the organisation said in its forecast. At that, in March, the WTO predicted growth of 8% in 2021 and slowing to 4% in 2022. The WTO explains that growth should slow down next year as merchandise...

Experts: Major emerging economies keep tightening screws

Central banks in major emerging economies continue to tighten their own policies, fearing not only a temporary rise in inflation but also a shift in inflation expectations away from established benchmarks. The Institute of International Finance (IIF) in Washington believes that inflation in most...

European indices post their worst monthly result since the beginning of the year

European stock indexes declined in September, showing the worst monthly dynamics since the beginning of this year, trading data showed. British FTSE 100 fell by 0.47% in September, French CAC 40 - by 2.4% and German DAX - by 3.63%. At the end of the third quarter the FTSE 100 rose by 0.7%, CAC 40 -...

Electric Car Makers Of China Making Big Moves Into Europe

Electric car makers from China are swooping into Europe, seeking to catch conventional automakers off guard and capture a piece of a market fueled by the continent's push toward zero emissions.   Nio Inc, one of a tiny number of rivals, will unveil its ES8 electric SUV in Oslo on Thursday,...

Following A Frantic 2021 Beginning, Slowdown In IPOs Globally In Third Quarter

According to Refinitiv statistics, the amount of initial public offerings (IPOs) worldwide dropped in the third quarter of 2021 from their earlier frantic pace, but the number of public listings during the first nine months of the current year was still the most since the dotcom boom of...

OPEC forecasts timing of decline in global oil demand

Global oil demand will start to decline after 2035, OPEC expects. Long-term oil demand growth will be limited by the growing number of electric vehicles. Average annual growth in oil demand will slow significantly between 2030 and 2035, after which it will begin to decline, according to OPEC's...

US Tech Trade Declaration Supported By EU Following French Concerns

Countries of the European Union committed to a joint EU-US agreement on technological collaboration on Wednesday, just in time for a critical transatlantic summit.   This move came after France threatened to veto the deal unless it was toned down, said reports quoting EU officials.  ...

US Approached China To Curtain Beijing’s Iranian Oil Imports – Reuters

China has been approached by the United States about decreasing its imports of crude oil from Iran, reported news agency Reuters quoting information from sources in the US and Europe. This move is aimed to put pressure on Iran to come to the negotiating table about the restoration of the 2015...
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