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...
The European Commission has revised its economic forecasts upwards slightly, predicting growth of almost 1% in the bloc for 2023. Inflation is expected to slow but remain high, a little more so outside the eurozone....
The European Central Bank (ECB) has raised deposit interest rates by half a percentage point to 2.5%. The move comes despite slowing inflation in the eurozone. The European Central Bank on Thursday announced a large...
Experts are constantly warning that countries such as the United States and the United Kingdom may face a recession amid the global recession. Meanwhile, the Indian rupee continued to depreciate due to the slowdown in...
Eurozone: The increase outpaced the predictions from economists. The European Central Bank hinted that another interest rate hike was likely on the horizon. Inflation reached 10.7% across the 19 countries that use the euro currency,...