The Chinese economy grew by 3.2 per cent in 2022, according to the Centre for Economics and Business Research (Cebr). This was well below forecast and seems to have been caused by lockdowns associated with its Zero Covid policy, the London-based consultancy said in a report. Zero Covid has been abandoned in Hong Kong, albeit...Read More
While a global downdraft has affected nearly all segments of the market, emerging markets have been particularly impacted by a strong U.S. dollar. Thus, emerging markets rallied in mid-December as the U.S. dollar weakened against other major currencies amid growing concerns of the U.S. economy seeing a recession, coupled with optimism around China’s lessened COVID-19...Read More
The future direction of UK plc now looks more likely to come from the Starmer and Reeves emporium than the woeful management of the present Are You Being (Under) Served? government. In the mayhem of 2022, the Tories forfeited their claim to be the natural managers of the UK economy. Opportunity knocks for the opposition...Read More
The world will enter a recession in 2023 as higher borrowing costs to combat inflation caused a number of economies to contract, according to the Centre for Economics and Business Research (CEBR). The global economy surpassed USD 100 trillion for the first time in 2022 but will stall in 2023 as policymakers fight rising prices,...Read More
As the new year approaches, there are fears of recession in many of the world’s top economies, including the United States, the biggest and most consequential of all. The US does look headed for a recession — a key pointer is the inversion of US treasury yields. What is a recession, to begin with? A...Read More
Dollar Tree CEO Michael Witynski (LinkedIn, Getty) The dollar store brick-and-mortar renaissance continues, as chains like Dollar General and Dollar Tree are enjoying a strong surge in new openings across the U.S., the Wall Street Journal reported. Both chains will have opened a combined 1,300 new locations by the end of the fiscal year, continuing...Read More
Author: Gary Clyde Hufbauer, PIIE In December 2021, most Americans were looking forward to a quiet and prosperous 2022. COVID-19 cases were down, the stock market was up and jobs were abundant. What could go wrong? Many things did. Geopolitical trauma came first. After a chaotic US military withdrawal from Afghanistan in August 2021, it...Read More
Meat bans, soaring gold prices and Britain voting to ‘un–Brexit’ could be on the cards for 2023, according to Saxo’s Outrageous Predictions. Bloomberg / Contributor / Getty Images Saxo Bank’s “outrageous predictions” for 2023 include a ban on meat production, skyrocketing gold prices and Britain voting to “un-Brexit.” The Danish bank’s annual report, published earlier...Read More
The dollar index has been broadly stable over the last couple of weeks. The index was stuck in a narrow range of 103.75-104.93 last week. It has closed the week at 104.31, down 0.37 per cent. As the market enters the year-end holiday season, we can expect muted trading over the next couple of weeks....Read More
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