For lovers of big music concerts, 2023 has been a renaissance year. After the pandemic put the squeeze on large events for the better part of three years, a host of megastars have embarked on...
Health and cost-of-living crises have disproportionately affected the poor and women in developing Asian countries, hurting their chances of long-term improvement. Higher inflation coupled with the COVID-19 pandemic pushed nearly 68 million people in Asia into extreme poverty...
The IMF has said global economic growth is on track to increase somewhat more than expected. However, overall growth in 2023 remains stunted in advanced economies, and Germany’s growth is expected to contract. The International Monetary...
African currencies have lost ground against the US dollar this year, further driving inflation in the import-reliant region. Depleting dollar reserves have left policymakers with limited options to arrest the decline. Sub-Saharan African currencies are...
India released its Gross Domestic Product (GDP) data for Q4FY2023 on May 31, 2023; 6.1% real GDP growth in Q4:2022-2023 is a magnificent performance. Even with an array of downside global risk and uncertainties in...
Economic experts have slightly raised their expectations for global economic recovery based on fresh economic data. The Paris-based organization foresaw economic expansion of 2.7%, up from 2.6% in its last report in March. Despite the improvement,...
The Turkish lira has plumbed new depths after the reelection of President Recep Tayyip Erdogan, and inflation remains stubbornly high. Will the Turkish ruler change his unorthodox economic policies now? Since Recep Tayyip Erdogan first came to...
Lebanese olive oil has become unaffordable for many in the crisis-ridden country. As inflation bites and the US dollar reigns supreme, poorer people are forced to part with their traditional local diet. Imad Waresbi is...
A combination of a surprisingly strong prices paid component to the US manufacturing PMI, corporate supply, and US debt woes spurred an almost 15 bp spike in the US 10-year yield and 13 bp jump...
An unexpected OPEC production cut announcement has pushed up the price of oil. Besides reducing the amount of oil for sale, the move could also play into the hands of Russia and refill its war...
The market has concluded that the Fed will hike rates today. The US two-year yield has risen from about 3.63% at Monday’s lows almost 4.20% yesterday. It needs to rise to 4.35% to recover half...
The dramatic shift in expectations for Fed policy is a potent shock, with reverberations throughout the capital markets. The business press was full of accounts putting the nearly 50 bp decline in the US two-year...
