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

[behappyalways]

Inflation and natural disasters are frequent!
The housing crisis in Europe and the United States spreads, which is unfavorable for buyers and homeowners

通膨、天災頻傳! 歐美住房危機延燒 買方、屋主皆不利｜方念華｜FOCUS全球新聞 202308021@tvbsfocus

https://m.youtube.com/watch?v=Jx7DItEWhVE

[winston]

China’s worsening economic slowdown is rippling across the globe

CHINA’S economy was meant to drive a third of global economic growth this year.

Policymakers are bracing for a hit to their economies as China’s imports of everything from construction materials to electronics slide.

Japan reported its first drop in exports in more than two years in July after China cut back on purchases of cars and chips.

China’s slowdown will drag down global oil prices, and deflation in the country means the prices of goods being shipped around the world are falling.

Some emerging markets like India also see opportunities, hoping to attract the foreign investment that may be leaving China’s shores.

IMF: When China’s growth rate rises by 1 percentage point, global expansion is boosted by about 0.3 percentage points.

So far, the actual volume of commodities such as iron or copper ore sent to China has held up. But if the slowdown continues, shipments could be impacted, which would affect miners in Australia, South America and elsewhere around the world.

Rebound Chinese consumers are spending more on services, like travel and tourism, than on goods – but they’re not yet venturing overseas in large numbers.

Luxury goods firms such as Louis Vuitton bags-maker LVMH, Gucci-owner Kering SA and Hermes International are particularly vulnerable to any wobbles in Chinese demand.

Source: Bloomberg

https://www.businesstimes.com.sg/intern ... ross-globe

[behappyalways]

The number of refugees worldwide has exceeded 100 million!
Thousands of refugees flocked to Greece and Italy over the weekend

全球難民人數破億! 數千難民周末湧希臘、義大利｜十點不一樣20230830

https://m.youtube.com/watch?v=EE2CbztoDo8

[behappyalways]

IMF chief raises red flag: 7% of global economic output may evaporate due to trade fragmentation

IMF總裁高舉紅旗 7%全球經濟產出恐因貿易碎片化而蒸發 TVBS文茜的世界周報 20230903

https://m.youtube.com/watch?v=QfMbFLoyFhE

[behappyalways]

The G20 Summit in New Delhi concludes and the United States launches the "India-EU Economic Corridor" to counter the Belt and Road Initiative

新德里G20峰會閉幕 美推「印歐經濟走廊」力抗一帶一路｜秦綾謙｜FOCUS全球新聞 20230911 @tvbsfocus

https://m.youtube.com/watch?v=eAr9t2vb-hM

[winston]

by behappyalways:-

The $109 Trillion Global Stock Market In One Chart

Source: Zero Hedge

https://www.zerohedge.com/markets/109-t ... -one-chart

[behappyalways]

IMF Expects Subdued Growth As "Tightening Starts To Bite"
https://www.zerohedge.com/economics/imf ... tarts-bite

[behappyalways]

Which Countries Receive The Most Foreign Aid From The US?
https://www.zerohedge.com/geopolitical/ ... ign-aid-us

[behappyalways]

The Belt and Road Summit becomes a diplomatic showpiece between China and Russia, and the content of Xi-Pu secret talks arouses speculation

一帶一路峰會成中俄外交秀場 習普密談內容引揣測 ｜方念華｜FOCUS全球新聞 20231018@tvbsfocus

https://m.youtube.com/watch?v=vgLtxbOB2vQ

[behappyalways]

113 Million People Will Join The Global Middle-Class In 2024
https://www.zerohedge.com/geopolitical/ ... class-2024