Daily Management Review
Economics

US Fed updates inflation target, improves macro outlook

The US Federal Reserve System (Fed), following the September meeting, left its key rate at 0–0.25% per annum. Judging by the dotted graph, the open market committee members are not expecting a rate hike until 2023. The authority has updated the wording on inflation target - now the Fed will strive...

OECD Says Pandemic Induced Global Recession Not To Be As Severe As Expected

The efforts of various countries to counter the economic impact of the novel coronavirus pandemic will potentially result in the global recession that the global economy is currently undergoing will not be as deep as expected, said the Paris based think tank  - the Organisation for Economic...

Who is Metalu Plast, the French sports equipment manufacturer conquering cities and stadiums?

Metalu Plast is a sports equipment manufacturer taking its “Made in France” domestic successes to the international stage, most notably fitting stadiums during the 2018 FIFA World Cup in Russia. In France, the company is known by local authorities and sports equipment professionals as number one in...

‘Historic’ Trade Deal Struck Between UK And Japan

A free trade agreement with Japan was struck by the United Kingdom on Friday in what is the first big post-Brexit trade deal for Britain. Both the countries hailed the trade agreement as “historic” even as the UK is having troubles with clinching a favourable trade deal with its closest and biggest...

Fitch updates global economic outlook: Growth will compensate for decline

The updated global macro forecast of the Fitch rating agency suggests that already in 2021, global growth will generally compensate for the current decline due to the COVID-19 epidemic. However, despite the improvement in general estimates against the background of a faster economic recovery from...

UK Can Walk Away From Brexit Talks If No Deal By Oct 15, Says Boris Johnson

Britain could walk away from the Brexit talks within weeks, warned British Prime Minister Boris Johnson on Sunday and insisted that a no-deal Brexit would be a "good outcome for the U.K.". These comments came just prior to a crucial round of talks between Britain and the European Union on Britain’s...

China's exports grow as imports fall down

Exports from China to other countries in August rose 9.5% on an annualized basis after growing by 7.2% in July, according to data from Chinese customs. China's imports in August fell due to a drop in world prices for raw materials. As they recover, this figure, according to experts, will return to...

Global Oil Market Caught In No Major Slowdown But Stalled Recovery Says IEA

There is likely not going to be any major slowdown in the global economy because of the novel coronavirus pandemic but the chance of oil market’s recovery is clouded by the  piled-up storage and uncertainty over China’s oil demand, believes the International Energy Agency (IEA) as stated by an...

To Shift Supply China From China, 'Like-Minded' Democracies Sought By US And Taiwan

With the United States looking to reduce its economic reliance on China and to shift away global supply chains from China, the US along with Taiwan are looking out for "like-minded" democracies to join the effort of the shift of supply chains whose vulnerability due to placement in China was...

Climate Change Is Bigger Economic Risk Than COVID-19 Pandemic

The European Central Bank cannot ignore climate risks even though it may appear to be “unrelated to monetary policy”. Isabel Schnabel, a board member of the European Central Bank, said that the COVID-19 pandemic is clear example indicating the need for the central banks to come forward and take up...
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