Category: Economy

Inflation in South Africa to Decline: According to a recent Reuters poll of 19 economists conducted from December 6-12, inflation in South Africa is set to slow down next year. The combination of global trends impacting price growth and weak domestic consumer spending is expected to be the catalyst for this decline. The median forecasts […]

Economic Recovery and Market Update According to state media CCTV, a senior official from the Communist Party of China has advised the government to set appropriate fiscal deficit and special local government bond levels in 2024, while also optimizing the structure of fiscal spending. This recommendation follows an important meeting where top leaders pledged to […]

Adjusted Inflation Projections The Bank of Thailand revised its inflation projections, forecasting a headline inflation rate of 1.3% for this year, down from the earlier estimate of 1.6%. Similarly, the projected inflation rate for 2024 was adjusted to 2.0% from the previous estimate of 2.6%. These projections do not consider the impact of digital wallet […]

Fed Announcement and Expectations The Federal Reserve takes center stage today as it announces its rate decision following the conclusion of its two-day policy meeting. Market expectations suggest that policymakers will maintain rates, undeterred by U.S. inflation figures that align with consensus forecasts. As a result, all eyes will be on Powell’s press conference and […]

The Concerns of Industry Players China’s proposal to significantly increase the investment requirements for private equity (PE) and venture capital (VC) funds is receiving negative feedback from industry participants. They fear that the move could eliminate small funds and restrict financing for startups already struggling in a weak economy. The country’s securities regulators recently released […]

Introduction and Background Bank of Japan Governor Kazuo Ueda is preparing for a crucial test of his communication skills during the upcoming monetary policy meeting. As Japan’s central bank chief, Ueda aims to strike a balance between maintaining the possibility of ending negative interest rates in the future and preventing excessive market excitement surrounding an […]

Treasurer’s Mid-Year Economic and Fiscal Outlook Projects a Reduction in Budget Deficit SYDNEY – Australia’s government anticipates a significantly improved budget bottom line for the current year, as revenues surpass initial projections. However, calls for further cost-of-living handouts are being resisted to prevent exacerbating inflationary pressures. Labor Treasurer, Jim Chalmers, unveiled the mid-year economic and […]

Key Contributions by Development Banks The Brazilian development bank BNDES is expected to contribute $3 billion to the effort. This funding will primarily target projects proposed by Brazilian states and municipalities that aim to connect to the regional network, according to the Planning Ministry. In addition, the Inter-American Development Bank (IDB) will provide $3.4 billion, […]