Daily Management Review
Economics

IMF: Global banking system feels good, but risks in the US and China persist

According to Gita Gopinath, First Deputy Managing Director of the International Monetary Fund (IMF), there are risks for certain institutions in the US and China, but overall, the financial system is holding up very well in the face of rising interest rates and continuous wars throughout the world....

OPEC Continues To Project Oil Demand To Rise Through 2024 And In 2025

OPEC maintained its estimate that the world's oil demand will expand reasonably quickly in 2024 and predicted an earlier-than-usual "robust" increase in oil consumption in 2025, driven primarily by China and the Middle East.   In a monthly study, the Organisation of the Petroleum Exporting...

China's GDP adds 5.2 percent in 2023

The gross domestic product (GDP) of China increased by 5.2 percent in 2023 compared to the official estimate, according to figures released by the State Statistics Bureau on Wednesday. "According to preliminary data, China's GDP for the three quarters of 2023 totaled 126.058 trillion yuan ($17.698...

Industries Most Vulnerable To Disruption From Assaults In The Red Sea

Due to continuous attacks in the Red Sea by Iran-backed Houthi terrorists in Yemen, which have impeded the flow of cargo through the vital Suez Canal commerce route, multinational corporations are facing an increase in supply bottlenecks.   In the first obvious indication that the attacks...

Despite Industry Pressure, Tobacco Consumption Worldwide Is Declining

According to the World Health Organisation, the percentage of persons who smoke worldwide has decreased over the past generation, from one in three in 2000 to one in five today.   The decline occurs in spite of what the U.N. global health agency said to be Big Tobacco's continuous attempts...

Goldman Strategists Believe Shares Of Consumer Staples And Small Caps Are Valuable

According to Goldman Sachs strategists on Tuesday, there may be pockets of value in the increasingly pricey U.S. stock market among small-cap stocks and shares of consumer staples companies.   The S&P 500's recent run has brought it dangerously close to a new record high, but it has also...

Tech Job Losses Persist Following The "Year Of Efficiency"

Although the "Year of Efficiency" for Big Tech may have ended, recent layoffs at Google and Amazon suggest the companies will continue to reduce staff in 2024 as they make significant investments in generative AI.   This year, according to analysts and industry experts, layoffs will likely...

2024 Chinese Economic Growth Is Predicted To Decline, What Is The What Wall Street Projecting

Recent annual projections from major international investment banks indicate that China's economy would grow more slowly in 2024 than it did in 2023.   Five corporations, including Goldman Sachs and Morgan Stanley, averaged their predictions, which indicated that real GDP will grow by 4.6%...

International Economy Faces A "Precarious" 2024, Finds A Davos Survey

According to a survey of leading economists issued on Monday, the global economy faces a year of muted growth expectations and uncertainty due to geopolitical unrest, tight financing conditions, and the disruptive impact of artificial intelligence.   Every year, in advance of the World...

Germany's GDP Shrank By 0.3% In 2023, But It Avoided Recession

Due to ongoing inflation, rising energy costs, and sluggish international demand, the German economy shrank in 2023 but managed to stave off a recession by the end of the year.   According to data released on Monday by the Federal Statistics Office, the GDP decreased by 0.3% in 2023.  ...
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