The World Trade Organization (WTO) has cut its global trade growth forecast for 2022 due to Russia’s military operation in Ukraine and its immediate consequences – sanctions on Russia. While previously set at 4.7%, the global growth forecast was nearly halved this week to 2.5% due to “the impact of …
Read More »IMF slashes Asia growth forecast, warns of ‘ravaging’ Covid spread & supply-chain disruptions
“Risks are tilted to the downside, mainly because of uncertain pandemic dynamics, vaccine efficacy against virus variants, supply chain disruptions, and potential global financial spillovers from the US monetary normalization,” the IMF said, adding that “The global Covid-19 pandemic is still ravaging the region.” Nevertheless, Asia-Pacific will remain the fastest-growing …
Read More »Analysts downgrade 2021 forecast for oil to $70 per barrel, predicting that coronavirus variants may cool demand recovery
According to the monthly Reuters poll, $70 per barrel looks to be a more realistic projection for Brent Crude prices for the rest of 2021, rather than the previously predicted $80 per barrel. The survey of 38 analysts suggests Brent might hover at around $68.76 per barrel – up slightly …
Read More »A former Australian general has forecast a war between China and America will happen ‘within 3-5 years’. Is that really likely?
Former Major General and Conservative Liberal Senator Jim Molan has confidently predicted that a war between China and America — that would involve Australia — would occur “within 3-5 years”. On the basis of this forecast, Molan, who served in the Australian army for 40 years, urged the Canberra government …
Read More »Forecast: Global vehicle production in 2020 could be reduced by 20 percent
As a result of the pandemic COVID-19 and subsequent recession, global passenger car production is expected could be reduced by more than 20 percent and in 2020 to reach about 71 million vehicles, said Monday a top automotive research companies. Such a sharp decline is considerably higher than earlier forecasts …
Read More »Forecast funeral: Ukrainian citizens must prepare for a sharp collapse of the hryvnia
The Ministry of Finance of Ukraine in 2019 exceeded the amount of debt allowed by law on the state budget. This is due to the sale and purchase of government bonds. Now if the Ministry of Finance will suspend a number of operations and the holders of government securities will …
Read More »Kudrin “criticized” the forecast on growth of incomes of Russians
The Chairman of the accounts chamber of the Russian Federation Alexey Kudrin called overly optimistic forecast of Ministry of economic development (MED) on the growth of real incomes of Russians this year. He stated this today in the Federation Council during the discussion of amendments to the budget. The head …
Read More »Economists-immigrants Guriev, and Sonin Aleksashenko gave Russia a hard forecast
Sergey Guriev, Sergei Aleksashenko and Konstantin Sonin three well — known Russian economist, who went from Russia, answered our questions about the future of the Russian economy and about their lives abroad. Alas, the recipes that would get us out of the economic impasse, according to experts, is not feasible …
Read More »The national Bank gave a forecast of gas prices for population
The Central Bank expects the introduction of market prices in the current year. In connection with the cheaper gas on the spot market in the EU, it is expected that the gas tariffs for population will reach import parity in the current year. The forecast contained in Inflation report National …
Read More »The experts gave their forecast of the dollar at the beginning of may
A slight increase in expected currency. “In a week the dollar on the interbank market may be trading close to UAH 26.6, and the cash dollar in banks will be quoted about 26.5/26,8 UAH”, – he said. As recalled by the analyst, this week, the interbank market worked only two …
Read More »