Global Economists Advocate for New International Economic Order Amid Rising Challenges
Economists Gyorgy Matolcsy and Boris Vujcic discuss the urgent need to establish a new international economic order to address rising global challenges.
Global Economy
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Japan’s Bond Policy Shift Sends Ripples Through Global Economy
The Bank of Japan’s unexpected reduction in long-term bond purchases has raised concerns over the yen’s depreciation and its impact on the global economy.
Hungarian Central Bank Governor Praises China-Hungary ‘Win-Win’ Relations
Hungarian central bank governor György Matolcsy highlights the mutual benefits of China-Hungary relations, emphasizing that the rise of China offers global opportunities.
IMF Chief Highlights Global Impact of China’s Development Model
IMF Managing Director Kristalina Georgieva praises China’s development model for its positive impact worldwide, highlighting its role in improving well-being in countries like Ethiopia.
Yen’s Fluctuations: Experts Weigh In on Bank of Japan’s Policy Shift and Global Impact
The Bank of Japan’s unexpected reduction in long-term bond purchases has drawn global attention to the yen-dollar exchange rate. Experts discuss the impact on the yen and the world economy.
Stephen Innes: Fed Needs to Reconsider Rate Hikes Amid Global Economic Recovery
Stephen Innes of SPI Asset Management urges the Federal Reserve to reconsider its rate hike policies, highlighting the need to account for global economic recovery and prevent potential currency crises.
US Imposes New Tariffs on Chinese Imports, Raising Trade Tensions
The United States announces new tariffs on $18 billion worth of Chinese imports, targeting key sectors and potentially escalating trade tensions with China.
China Urges U.S. to Halt Tariff Hikes on Key Goods Amidst Trade Tensions
China urges the United States to halt tariff hikes on key goods, calling for adherence to WTO rules and cooperation to maintain global economic stability.
China Opposes U.S. Addition of 37 Chinese Entities to Export Control List
China firmly opposes the U.S.’s addition of 37 Chinese entities to its export control list, accusing Washington of abusing export control measures and harming global industrial stability.
President Biden’s Remarks on Immigration Policies Ignite Global Conversation
President Biden recently described nations like India, China, Japan, and Russia as “xenophobic,” stirring global discussions on immigration policies and economic growth.
China’s ‘New Three’ Industries Fuel Global Economic Recovery
China’s electric vehicles, lithium batteries, and solar panels are driving global economic recovery by meeting the growing demand for affordable, green technologies.
Global Demand for Green Energy Surges as Trade Debates Intensify
Global demand for new energy vehicles is expected to reach 45 million units by 2030, signaling a major shift toward green energy. As trade debates intensify, how will countries balance economic interests with sustainable development?
EU’s Concerns Over China’s ‘Overcapacity’ May Undermine Its Own Competitiveness
Criticisms of the Chinese mainland’s ‘overcapacity’ may divert the EU’s focus from its own industrial challenges, potentially undermining competitiveness in green industries.
Global Ripple Effect: U.S. Inflation Poses Risks to Developing Economies
U.S. inflation surge poses significant risks to global economies, particularly impacting developing nations through high interest rates and economic instability.
U.S. Economist Warns Against Using Overcapacity as Excuse for Protectionism
U.S. economist Nicholas Lardy warns that labeling China’s new energy production as ‘overcapacity’ is an excuse for protectionism that could harm global economic growth.
U.S. Criticisms of China’s ‘Overcapacity’ Mask Self-Serving Agendas
The U.S. accuses China of causing global market distortions through ‘overcapacity,’ but is this a smokescreen for advancing its own agendas? A deeper look reveals the complexities behind these claims.
IMF Warns U.S. Fiscal Deficit Poses Major Risk to Global Economy
The IMF warns that the substantial U.S. fiscal deficit poses a significant risk to the global economy, urging action to address the imbalance between spending and revenue.
IMF Warns Trade Restrictions Could Backfire on Initiating Countries
IMF Chief Economist Pierre-Olivier Gourinchas cautions that trade-restrictive measures may distort trade against the countries that implement them.
China Set to Surpass G7 Combined Growth in Next Five Years: IMF Forecast
China is projected to lead global economic growth over the next five years, surpassing the combined contributions of all G7 nations, according to an IMF forecast reported by Bloomberg.
IMF Projects Steady Global Growth Despite Geopolitical Tensions
IMF projects slow but steady global growth in its World Economic Outlook, highlighting cautious optimism amid geopolitical tensions and the need for collaborative solutions.