Jakarta – Chief Executive Officer of the International Monetary FundIMF), Kristalina Georgieva reminded that the global economy in 2023 will be more difficult than in previous years. “We estimate that a third of the world economy will experience a recession. Why? Because the three major economies, the United States, the European Union and China, are … Read more
Jakarta, CNBC Indonesia – India it is projected to become the world’s third largest economic power in 2030, behind the two superpowers, namely the United States (US) and China. The projection was disclosed by S&P Global and Morgan Stanley, where S&P refers to gross domestic product (GDP) growth to average 6.3% through 2030. Meanwhile, Morgan … Read more
Jakarta, CNBC Indonesia – Ahead of the G20 summit meeting in Bali, the International Monetary Fund (IMF) has again issued an unfavorable forecast. The bleak outlook for the global economy is getting worse. This was announced by the agency, which reflects on the worsening of the survey of purchasing managers in recent months, well below … Read more
Bangkok These were airports and highways, ports and railway lines. Many already heavily indebted countries have made their expensive dreams come true with the help of China in the past, now they are suffering from the loss of control. The global economic crisis drives them bankrupt, but the former granting China’s wishes often thwarts their … Read more
Kishore Mahbubani The Asian political scientist believes that the war in Ukraine will ultimately be just a “footnote in the epochal conflict between the US and China for world domination”. Dusseldorf Sometimes a change of perspective helps to understand. Kishore Mahbubani, one of Asia’s most prominent geostrategists, has a different view of the West that … Read more
to go up interest rates Fundamental issues are raising borrowing rates on a large scale as banks tighten lending conditions and widen credit risk premia. Mortgage interest rates are also rising at a rapid pace, which puts pressure on consumption rates, so much so that some indicators are included in the report retail sales For … Read more
– China’s Foreign Minister Wang Yi meets US Secretary of State Antony Blinken Despite their strategic rivalry, the world’s two largest economies remain important trading partners. – (Photo: AP) – – – – Washington / Peking US Secretary of State Antony Blinken has again called on China to condemn Russia’s war of aggression against Ukraine. … Read more
Jakarta, CNN Indonesia — World Bank admitted to being skeptical that the United States (US) and global economy can avoid threats recession. The pessimism was conveyed by the World Bank’s Chief Economist, Carmen Reinhart, considering the spike in inflation, the increase in benchmark interest rates, and the economic slowdown in China. “I was quite skeptical. … Read more
the The US health agency CDC will abolish a rule that will allow most migrants who have entered the country illegally to be quickly deported because of the corona pandemic. The regulation will be ended effective May 23 to give the Department of Homeland Security enough time to take necessary measures such as expanding corona … Read more
Qingdao A recent study from China lists the country’s weaknesses in technological competition with the USA – and apparently aroused the displeasure of government agencies. The investigation, which was published in the Wechat app at the end of January, was “deleted by the author” four days later, according to the app without further explanation. However, … Read more