The World Bank slashed its global growth forecasts from projections it made in mid-2022 on the back of what it sees as broadly worsening economic conditions. The international development institution downgraded almost all of its forecasts for advanced economies in the world, cutting its growth outlook for the global economy to 1.7% for 2023, it … Read more
What will be the price of gas (and therefore electricity) in Europe at the end of the year? Even taking out his crystal ball, no expert claims to be able to establish a reliable forecast. Experience does not help them much. Contrary to what was expected, gas prices have dropped significantly since this summer, dropping … Read more
The European Central Bank is expected to continue raising rates aggressively in the short-term as the euro zone economy proves more resilient than anticipated. Haussmann Visuals | Moment | Getty Images After China’s reopening and a deluge of positive data surprises in recent weeks, economists are upgrading their previously gloomy outlooks for the global economy. … Read more
Container port in Hamburg, Germany. (Photo: AFP/VNA) Despite facing many difficulties, Germany’s total exports will still reach a record level in 2022. Data from the country’s Federal Statistics Service (Destatis) show that in 2022, the total value of “made in Germany” goods exported abroad will reach 1,564 billion euros, an increase of 14.3% compared to … Read more
Go quickly. German Chancellor Olaf Scholz inaugurated the second floating liquefied natural gas (LNG) terminal in the port of Lubmin on the Baltic Sea on Saturday January 14. Operated by TotalEnergies, this ship has an annual regasification capacity of 5 billion cubic meters, enough to cover around 5% of German demand. In mid-December, Olaf Scholz … Read more
Mr. At Pisanwanich, Director of International Trade Studies Center University of the Thai Chamber of Commerce said Thailand’s exports in 2023 are expected to expand -0.5%-1.5%, lowest growth in 3 years Representing $ 295,203 million, with an average median of 1 %, valued at $ 290,819 -296,665 million. The major export markets decreased compared to … Read more
The cost of living in Cairo it rose so high that guard Mustafa Gama had to send his wife and one-year-old daughter to live with his parents, in a village 112 kilometers (70 miles) south of the Egyptian capital, to cut costs. Gamal, 28, stayed in Cairo. He works in two places and shares an … Read more
The IMF warned in its latest major global economic outlook report. Inflationary pressure leading to interest rate hikes Mixed plant energy and food price crisis It is causing the global economy to enter a recession and threatens financial market stability. Countries representing one-third of global output could fall into this situation next year. The world’s … Read more