International rating agency Fitch Ratings downgraded its global GDP growth forecast for the year to 5.7% from the 6% forecast in September, the agency said in its December global economic outlook. Fitch Ratings: Credit Ratings & Analysis For Financial Marketshttps://www."We have lowered the...

Despite the rapid development of renewable energy sources, oil and gas will remain the world's primary sources of energy until 2045, with their proportion of the global energy mix remaining at more than 50%, according to OPEC Secretary General Mohammed Barkindo. "Some argue that oil and gas should...

Japan's GDP in the third quarter of 2021, according to the final estimate, fell by 3.6% year-on-year (if GDP had been falling at the same rate for four consecutive quarters), government figures show. Analysts polled by DailyFx had expected a 3.1% decline. By the previous quarter, Japan's GDP had...

Following the development of the omicron coronavirus strain, investors have begun fleeing from shares in Asian companies. According to Bloomberg, the region was severely impacted by the last delta strain, and market investors chose to hedge their chances. Following the discovery of a new form of...

The global economic growth projections made by the International Monetary Fund would likely be reduced due to the emergence of the Omicron variant of the coronavirus, according to IMF Managing Director Kristalina Georgieva.   "A new variant that may spread very rapidly can dent confidence,...

November appears to have been the worst month for global hedge fund performance since the novel coronavirus initially shut down economies at the outset of the Covid-19 epidemic, thanks to Omicron-fueled market volatility.   According to early statistics from industry analysis company...

According to analysts and strategists surveyed by Reuters, the S&P 500 index would climb 7.5 percent from the beginning of December this year to the end of 2022, bringing it to 4,910 points. This is much lower than the predicted growth in 2021, when the S&P 500 is expected to rise by 21% over...

The US economy grew at a moderate pace in most counties in October and November, but growth was held back by supply chain disruptions, according to the Beige Book, a summary of the Federal Reserve's (Fed) comments on the country's economic situation. "Economic activity grew at a moderate pace in...

Global air cargo volume grew by 9.4% in October 2021 compared to the same period in 2019, the International Air Transport Association (IATA) said in a press release. In September, the same growth rate was 9.1%, the release noted. The October 2021 to October 2020 growth rate is estimated at 13.5%....