Cold turkey from Russian gas: Putin’s energy hammer hits Germany hardest

Cold turkey from Russian gas Putin’s energy hammer hits Germany hardest By Hannes Vogel 01/31/2023, 6:40 p.m Russia’s master plan for the energy war with Europe is not working: instead of economic Armageddon, there is only a small winter recession. But there is only limited reason to breathe a sigh of relief: Germany will remain … Read more

Brighter future expectations for Asia’s economy

(PLO)- 2023 is forecasted to continue to be a relatively challenging year for Asian economies, although compared to other places, the growth prospects in this region are somewhat more optimistic. In the gloomy overall picture of the world economy in 2022, the Asia-Pacific region is not immune to “headwinds” affecting the recovery and growth. That … Read more

ECB ready to raise interest rates by 50 basis points in February and March | Finance

ECB headquarters in Frankfurt am Main, Germany. (Photo: AFP/VNA) In an interview with Dutch television channel WNL on January 22, Klaas Knot, a member of the Board of Governors of the European Central Bank (ECB), said that the ECB is ready to interest rate hike 50 basis points in February and March 2023, and will … Read more

“Economic growth will exceed global forecasts in 2023-2024” (AfDB)

AA / Abidjan / Fulbert Yao Africa’s economic growth is expected to outpace that of the rest of the world in 2023-2024, with real gross domestic product (GDP) rising by around 4% on average, the African Development Bank Group said in its “Africa’s Macroeconomic Performance and Prospects” report, unveiled Thursday in Abidjan. The five best … Read more

Vietnam stock market is still attractive

(PLO)- Both the Vietnamese economy and stock market are still in a high growth phase for at least the next five years. In the newly released report, VinaCapital Group said that Vietnam is among the world’s highest-growing economies with an average GDP growth rate of about 6.5% per year in the period before the COVID-19 … Read more

Cepal says that Chile will be the country with the worst growth in 2023 and that Venezuela will experience the opposite | Economy

The report also highlights that the process of recovery of the labor markets “has not made it possible to eliminate the traditional gaps between men and women” and that during 2022 “both an increase in informality and a fall in real wages have been observed”. The Economic Commission for Latin America and the Caribbean (Cepal) … Read more

Publications canceled: China unexpectedly silent on economic data

Publications deleted China is unexpectedly silent on economic data 10/17/2022, 12:11 p.m The second-largest economy will not publish any data on economic development during the important congress of the ruling CP. The responsible authorities do not give any reasons. According to estimates, the country is heading for its weakest growth in almost half a century. … Read more