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Hindustan Times (May 5)

2023/ 05/ 06 by jd in Global News

“India entered into a new age as the world’s largest country in 2023.” With a large percentage of its population falling into working age, India has “the potential to produce a ‘phenomenal’ demographic dividend to catapult India into the top three economies of the world in the next 25 years.” To do so, however, “harnessing the gender dividend is even more critical and transformational.”

 

Oilprice.com (December 26)

2022/ 12/ 27 by jd in Global News

“Although the EU embargo and the EU-G7 price cap on Russian crude oil at $60 per barrel didn’t immediately roil the oil market – although traders were concerned about a possible demand hit from slowing economies – uncertainty is growing over how the bans on Russian imports will affect supply balances over the next few months.”

 

Market Insider (September 30)

2022/ 10/ 01 by jd in Global News

“Japan and Korea have dumped billions of dollars into the foreign exchange market to prop up” their currencies. Nevertheless, “the dollar has surged 26% against the yen and has risen 21% versus the won.” The yen and won are hardly unique. “Both developed and emerging market economies, have slumped against the dollar,” but both currencies “have also been hurt by trade deficit concerns” as their “economies are importers of oil.”

 

Fortune (September 24)

2022/ 09/ 25 by jd in Global News

“Nowhere is this crisis more pronounced and more dangerous than in Europe, where a long-standing gambit on cheap Russian gas has backfired.” With winter, it looks certain to get even worse. “Even the slightest uptick in energy demand… could push entire sectors of Europe’s manufacturing industry to shut down entirely, devastating European economies with a wave of unemployment, high prices, and in all likelihood public unrest and divisions between European nations.”

 

Bloomberg (March 27)

2022/ 03/ 29 by jd in Global News

“Prices for some of the world’s most pivotal products – foods, fuels, plastics, metals – are spiking beyond what many buyers can afford. That’s forcing consumers to cut back and, if the trend grows, may tip economies already buffeted by pandemic and war back into recession.”

 

McKinsey Global Institute (November 15)

2021/ 11/ 16 by jd in Global News

Since 2000, net worth has tripled “to $510 trillion, or 6.1 times global GDP, with China accounting for one-third of global growth.” The increase “mainly reflects valuation gains in real assets, especially real estate, rather than investment in productive assets that drive our economies.” Remarkably, the “historic link between the growth of net worth and the growth of GDP no longer holds.”

 

The Economist (November 6)

2021/ 11/ 07 by jd in Global News

“Global bond markets are wakening from a long slumber.” The Fed “will wind down its vast bond-buying programme” just as bond investors react to higher inflation. “Across a group of 35 economies, five-year bond yields have risen by an average of 0.65 percentage points in the past three months.”

 

Wall Street Journal (October 7)

2021/ 10/ 08 by jd in Global News

“Natural gas stocks are alarmingly low around the world, and prices in most places have never been higher after surging to new records…. Demand has jumped as economies have bounced back from pandemic shutdowns, and the squeeze has caught traders, shipowners and energy executives off guard.” Nations that “have wound down coal-fired plants and become more dependent on gas” are particularly vulnerable and, in some cases, restarting mothballed power plants despite higher GHG emissions.

 

Reuters (April 29)

2020/ 05/ 01 by jd in Global News

“There’s an end to everything except, apparently, central bankers’ creativity. Virus-damaged economies will need lots of help to heal, and more downturns are inevitable in the future. The monetary-policy bigwigs will keep coming up with more new ways to stimulate growth.” The Fed and BoE may “eventually overcome their aversion to negative interest rates” and/or “copy Bank of Japan chief Haruhiko Kuroda’s yield-curve control policy of targeting specific levels for 10-year government bond yields.”

 

Chicago Tribune (April 10)

2020/ 04/ 11 by jd in Global News

“The coronavirus crisis maddens in myriad ways, and for many victims one of the most vexing is the inability to get tested…. Broader-scale testing is beginning to occur, but the progress is unacceptably slow.” We need to ramp this up to provide “more detail about where exactly the pandemic has struck.” Until we do, “the country will never be able to defeat the coronavirus — and get the economies of Illinois and the rest of the country back on track.”

 

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