Global Economic Data & News 03 (May 22 - Dec 25)

[winston]

G-7 touts US$600b global infrastructure plan to rival China

The Partnership for Global Infrastructure and Investment.

The target was for the United States to bring US$200 billion to the table, with the rest of the G-7 another US$400 billion by 2027.

Source: AFP

https://www.businesstimes.com.sg/govern ... ival-china

[behappyalways]

G7美領盟友抗俄中！擬對俄羅斯禁止進口黃金 對俄石油設價格上限 5年6千億對抗中國一帶一路│主播 邱子玲│【大世界新聞】20220627│三立iNEWS
https://m.youtube.com/watch?v=kb2dHL5_Ois

[behappyalways]

中俄主導 金磚國家擴員 伊朗.阿根廷率先喊「有」｜方念華｜FOCUS全球新聞 20220629
https://m.youtube.com/watch?v=eJo8bnd3eNk

[behappyalways]

G7領袖和照秀團結 難掩續戰vs.和談分歧 TVBS文茜的世界周報-歐洲版 20220702
https://m.youtube.com/watch?v=-mJbuAScyRg

[winston]

Nomura Forecasts Synchronized Slowdown for Global Econ; US, Europe, UK, JP, SK to Enter Recessions in Coming Yr

Nomura forecast that the global economy will fall into a synchronized growth slowdown, with the U.S., Euro zone, the U.K., Japan, South Korea, Australia and Canada, set to enter recessions in the next 12 months, amid tightening government monetary policies and soaring living costs.

Source: AAStocks Financial News

[behappyalways]

通膨.升息.經濟下滑 罷工潮引發社會動盪 TVBS文茜的世界財經周報 20220710
https://m.youtube.com/watch?v=ZyWyVtqyv48&t=417s

[winston]

IMF again cuts US 2022 growth forecast to 2.3% as consumer spending cools

IMF again cut its growth forecast for the US to 2.3 per cent for 2022 from 2.9 per cent in late June, with officials citing recent downward date revisions to first quarter US GDP output and consumer spending in May.

Highlighted the challenges of high inflation and the steep Federal Reserve interest rate hikes.

Declining price growth in durable goods largely offset by acceleration of prices for shelter, healthcare and other services, along with rising food and energy prices.

It cut its 2023 US real GDP growth forecast to 1.0 per cent from 1.7 per cent.

Source: Reuters

https://www.businesstimes.com.sg/govern ... ding-cools

[behappyalways]

Preparing To Apply For Membership" - Saudi Arabia, Turkey, Egypt Plan To Join BRICS
https://www.zerohedge.com/geopolitical/ ... join-brics

[behappyalways]

糧荒+能源荒 全球動盪阿拉伯之春2.0隱現 TVBS文茜的世界周報-亞洲版 20220716
https://m.youtube.com/watch?v=FaAeaGxz2ow

[winston]

World growth hit by 'shock after shock'

The IMF already downgraded its outlook for the global expansion this year to 3.6 percent, from 4.4 percent before the war in Ukraine, in its April report.

In a review due this month, "we will downgrade our forecast substantially".

Source: Bloomberg

https://www.thestandard.com.hk/section- ... ter-shock'