As an oil price cap reduces export income, Russia’s budget deficit in 2023 may be higher than the planned 2% of GDP, according to Finance Minister Anton Siluanov. This would present Moscow with an additional financial challenge as it spends… Read More ›
As the UK battles a recession and higher mortgage rates, industry experts predict that the housing market will cool off sharply in 2019 after a rocky 2022. House prices have already begun to decline month over month as the cost… Read More ›
Haruhiko Kuroda, governor of the Bank of Japan, dismissed the possibility of a near-term shift away from ultra-loose monetary policy on Monday but expressed optimism that growing labor shortages will encourage businesses to raise wages. The BOJ’s decision to widen… Read More ›
One million new COVID-19 infections are reported daily in Zhejiang, a significant industrial province in China close to Shanghai; this number is projected to double over the coming days. China reported no COVID deaths on the mainland for the five… Read More ›
Everyone is often caught off guard by recessions. The likelihood that the following one won’t is very high. Since months, economists have been predicting a recession, which the majority believe will begin in the first quarter of 2019. The idea… Read More ›
Fears of a recession and central banks’ commitment to maintaining higher interest rates in order to contain inflation have caused the largest weekly outflows from global equity funds since March 2020. According to Refinitiv Lipper data, there was a $33.6… Read More ›
Health officials in China predict a peak in COVID-19 infections within a week, putting additional strain on the nation’s healthcare system even as they downplay the severity of the illness and continue to report no new deaths. China, the last… Read More ›
Since strict restrictions were relaxed earlier this month, the number of Covid-19 cases in China has increased, raising worries about the potential impact on the world economy given the country’s financial clout. China started to dismantle its zero-COVID policy of… Read More ›
According to Juerg Kiener, managing director and chief investment officer of Swiss Asia Capital, gold prices could rise to $4,000 per ounce in 2023 as interest rate hikes and recession fears keep markets erratic. Next year, the price of the… Read More ›
If private cryptocurrencies are allowed to grow, they will cause the next financial crisis, India’s central bank chief warned on Wednesday. “Cryptocurrencies have… huge inherent risks for our macroeconomic and financial stability,” said Reserve Bank of India Governor Shaktikanta Das… Read More ›
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