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

[behappyalways]

These Global Cities Show The Highest Real Estate Bubble Risk
https://www.zerohedge.com/personal-fina ... ubble-risk

[behappyalways]

A good watch on geopolitics


拜登禱告三個願望全部沒實現！ 中國20大報告示警國際動盪！【#風向龍鳳配 】
https://m.youtube.com/watch?v=RWvp9Qcdx5I

[behappyalways]

The Freight Industry Is Looking At A "Very, Very Ugly" End Of 2022
https://www.zerohedge.com/economics/fre ... y-end-2022

[behappyalways]

"Dark Clouds On Horizon": Maersk Warns About Rapid Economic Deterioration
https://www.zerohedge.com/markets/dark- ... erioration

[behappyalways]

FedEx Parks Planes, Maersk Cancels Sails: World Trade Appears To Be Rapidly Deteriorating
https://www.zerohedge.com/markets/fedex ... eriorating

[behappyalways]

Ports Clogged With Containers As World Trade Stumbles
https://www.zerohedge.com/markets/world ... ainer-glut

[behappyalways]

LA Port Head Says October Was 'Quietest' Month Since 2009
https://www.zerohedge.com/markets/la-po ... month-2009

[winston]

Global growth to be as weak next year as 2009, IIF forecasts

by Maria Elena Vizcaino

Global growth is expected to slow to 1.2% in 2023.

The Eurozone economy will shrink by 2% following sharp declines in consumer and business confidence.

In the US, the IIF expects gross domestic product to rise 1%, while Latin America is the “positive standout,” expanding 1.2%, as commodity exporters reap the benefits of high food and energy prices.

The single biggest driver for the global economy next year will be China, where loosening Covid restrictions are likely.

Source: Bloomberg

https://www.theedgemarkets.com/article/ ... -forecasts

[behappyalways]

Clothes Pile Up At Bangladesh Warehouses As Western Imports Collapse
https://www.zerohedge.com/economics/clo ... s-collapse

[winston]

No easy way out of the pressure on global credit, says S&P

by Surin Murugiah

Supply bottlenecks persist as the Russia-Ukraine war rages on, and China's COVID lockdowns continue.

Some major economies are set to slip into recession as price pressures sap consumer demand and higher borrowing costs crimp investment.

Moreover, it said the lag between rate hikes and their effects, means that prices will stay elevated and consumer purchasing power diminished for some time.

Sectors dependent on discretionary spending, such as consumer goods and retail, energy-intensive sectors such as chemicals and rate-sensitive sectors such as housing, will likely suffer most.

Credit conditions in emerging markets will remain under particular pressure from the combination of a strong U.S dollar, high energy and food prices, and a slowdown in global demand.

S&P estimated that the U.S. Federal Reserve's policy rate will peak at 5.0%-5.25% in the second quarter and the European Central Bank's at 2.25% in the first quarter.

Source: theedgemarkets.com

https://www.theedgemarkets.com/article/ ... it-says-sp