Economic Forecast - page 3

News

Bitcoin Surges to $41K Amind Crypto Market Growth

On Monday morning, Bitcoin exceeded $41,000 for the first time in 19 months, as the crypto market grows on ETF expectations and bets on dovish Fed.

News

McKinsey Says About Absence of Signs of Recovery in Consumer Activity in China

Experts from the international consulting company McKinsey said that in the foreseeable future, Chinese consumers do not intend to spend large amounts of money on buying goods, which is why local companies should focus more on strategic planning within their business concepts to master the market, which remains huge, despite various problems.

Finance & Economics

China’s Manufacturing Activity Shrinks

In November, China recorded a decrease in the level of activity in the manufacturing sector and sphere of services.

News

JPMorgan Chase CEO Warns of Recession Risk

JPMorgan Chase CEO Jamie Dimon last Wednesday, November 29, during a speech at the New York Times DealBook 2023 summit in New York, said that the likelihood of a recession in the United States cannot be ruled out.

Finance & Economics

Bank of England Governor Resists UK Rate Cuts for Foreseeable Future

Bank of England Governor Andrew Bailey, suggests that a reduction in interest rates in the foreseeable future is an unlikely prospect, warning that the second half of the process of countering inflation in the United Kingdom will be hard work.

Finance & Economics

Jeremy Hunt Says About Downgrade of UK Growth Forecast

The chancellor of the exchequer Jeremy Hunt announced a deterioration in the forecast of economic growth in the UK.

News

Goldman Sachs Expects Indian Businesses to Increase Investment

Goldman Sachs Group Inc. expects that the Indian business sector will increase investment volumes.

News

Bank of America CEO Believes in Optimistic Prospects for US Economy

Brian Moynihan, CEO of Bank of America, positively assesses the prospects for the dynamic of the economic system of the United States and characterizes as affirmative possibilities of the financial institution headed by him for the development.

News

Bank of Japan Governor Signals Low Probability of Ending Negative Rate in 2023

The governor of the Bank of Japan, Kazuo Ueda, hinted at an extremely low level of probability that by the end of this year, politicians will have data providing them with a reason sufficient to announce the end of the period of negative interest rates.

News

Bank of England Warns of Zero Growth in British Economy Until 2025

The Bank of England has warned that the economy of the United Kingdom is highly likely to continue to show zero growth until 2025 against the background of high-interest rates or even a continued increase in this indicator.

News

AllianzGI Taiwan Predicts Growth of Chipmakers’ Earnings

There is a possibility that the Taiwanese stock indices will begin to show a positive dynamic of recovery next year, despite the unfavorable state of affairs in the geopolitical space and concerns related to the possible aggravation of the situation in this environment.

News

Confidence in India’s Economy Grows

The economy of India has become an example when a bulky system with at the same time impressive power begins to move extremely slowly, but after the process of its development is launched, it cannot be ignored.

News

Southeast Asia’s Digital Economy to Hit $218 Billion in 2023

In the Google, Temasek, and Bain & Company report there is a forecast that the total value of transactions in the space of the digital economy of Southeast Asia will reach $218 billion this year.

News

Taiwan Economy Shows Growth

According to the results of the third quarter, Taiwan’s economy showed the most intensive growth rates since the beginning of this year.

Finance & Economics

Europe’s Biggest Economy Shrinks

According to the results of the third quarter of this year, a decrease in the volume of production activity was recorded in Germany.

Finance & Economics

JPMorgan CEO Criticizes Central Banks for Wrong Forecasts

Jamie Dimon, Chief Executive Officer of JPMorgan Chase & Co, said that the fact that central banks in early 2022 released forecasts about the development of the situation in the financial and economic environment, which did not come true, should prompt some humility regarding the preliminary vision of the state of affairs in the mentioned […]