NEW YORK, NY, Tuesday, February 27, 2024 – BlackRock, the world’s largest asset manager, projects moderate real GDP growth of 1.5-2% for the United States in 2024, according to comments made by Rick Rieder, the firm’s Chief Investment Officer (CIO), on CNBC’s “Closing Bell” program on February 15. Rieder acknowledged market concerns surrounding recent inflation […]

Beijing, Monday, September 9, 2024- China will remove all restrictions on foreign investment in the manufacturing sector starting November 1, 2024, according to an announcement from the National Development and Reform Commission (NDRC) on Sunday. The updated 2024 negative list, jointly issued by the NDRC and the Ministry of Commerce (MOC), reduces the number of […]

BEIJING, China, Thursday, August 22, 2024- China has officially recognized virtual asset transactions as potential vehicles for money laundering, expanding its anti-money laundering (AML) laws to cover these activities. The Supreme People’s Court and the Supreme People’s Procuratorate announced the new interpretation of AML laws on August 19. The announcement can be reached here. This […]

New York, Monday, November 04, 2024-– China is reportedly considering a massive $1.4 trillion debt issuance over the next several years in an effort to reinvigorate its struggling economy, Reuters news agency has reported in an exclusive report. The National People’s Congress (NPC) meeting, starting today, November 4 and ending on the 8th, is expected […]

Catenaa, Tuesday, December 10, 2024 – China’s leaders on December 9 announced a significant pivot in economic policy, adopting bolder measures to address slowing growth and prepare for 2025, while tensions with the US over trade and technology continue to escalate.  The Politburo, the nation’s top decision-making body led by President Xi Jinping, pledged to […]

Beijing, Friday, October 18, 2024-China’s economy grew at its slowest rate since early 2023, as official figures for the third quarter revealed a 4.6% increase in gross domestic product (GDP). The figure, released by the National Bureau of Statistics, fell short of the government’s “around 5%” target for 2024, marking the second consecutive quarter of […]

Catenaa, Friday, November 22, 2024- Chinese government advisers have recommended setting a 5% economic growth target for 2025, proposing robust fiscal stimulus to counter the potential impact of U.S. tariffs under President-elect Donald Trump. Four out of six advisers favor the 5% goal, while others suggest slightly lower targets. The proposals will be discussed at […]

Catenaa, Tuesday, November 26, 2024-Chinese exports are expected to reach a record $3.548 trillion this year as foreign buyers rush to place orders ahead of potential tariff hikes by President-elect Donald Trump, analysts said Friday, November 22 . Export growth is projected to hit 7% in the fourth quarter compared to the same period last […]

DAVOS, Switzerland, Monday, February 19, 2024 – Global financial technology firm Circle released its second annual State of the USDC Economy Report on January 15, 2024, titled “Welcome to the Era of Open Money.” The report paints a picture of significant growth and adoption for USDC, a regulated stablecoin pegged to the US dollar. Circle […]

Catenaa, Wednesday, November 27, 2024-A federal appeals court on Tuesday overturned US Treasury sanctions against Tornado Cash, ruling that the crypto privacy tool cannot be classified as foreign property under sanction laws. The decision, made by the 5th U.S. Circuit Court of Appeals, emphasized that Tornado Cash’s immutable smart contracts are software, not entities subject […]

New York, Tuesday, September 3, 2024 – Bitcoin is hovering around $60,000 amid fears that the U.S. dollar could be on the brink of a major crisis, an article in the Forbes Magazine said. Last week saw significant economic forecasts, political clashes, and corporate revelations. Economist Peter Schiff warned of inflation risks as the U.S. […]

New York, Thursday, September  19, 2024 – The US Federal Reserve slashed its benchmark interest rate by 50 basis points, bringing it down to 4.75%-5.00%. This is the first time in four years that the Fed has made such a sharp rate cut. Fed highlighted the decision as a recalibration to protect the job market […]

New York, Tuesday, October 22, 2024-The International Monetary Fund (IMF) projects that global public debt will surpass $100 trillion by the end of this year, amounting to 93% of the world’s gross domestic product (GDP). This forecast signals a growing concern as major economies like the US and China continue to see rising debt levels, […]

London, Thursday, November 07, 2024-The global economy faces fresh uncertainty after Donald Trump’s election victory, with concerns mounting over the potential impact of US-led protectionist policies. Economists and policymakers across Europe and Asia are reassessing risks as Trump’s promises to tighten trade restrictions and cut security ties with allies loom. German and European economies, which […]

New York, Tuesday, October 22, 2024-The global economy is entering the year-end with unexpected optimism as slowing inflation raises hopes for a soft landing. However, significant political hurdles loom on the horizon, particularly as the US presidential election approaches, which may lead to starkly different economic outcomes. Finance ministers and central bank leaders are convening […]

NEW YORK, Tuesday, July 2, 2024- The Bank for International Settlements (BIS) issued a stark warning on Monday, highlighting significant threats to global financial stability. The report, titled “Challenges Ahead,” emphasizes the dangers posed by unsustainable government debt trajectories and potential supply-side disruptions. The BIS Report can be read here. The BIS points to rising […]

Washington, Tuesday, August 13, 2024– The International Monetary Fund (IMF) said Monday it has made progress in talks with El Salvador on a potential economic aid package. The fund is focusing on fiscal consolidation, strengthening financial reserves, and improving governance. The Statement by the IMF can be reached here. While the IMF continues to evaluate […]

Catenaa, Thursday, December 26, 2024-Japan’s government announced Thursday it expects economic output to exceed full capacity in the next fiscal year, marking the first positive output gap in seven years. The recovery is attributed to strong demand and a tight labor market.   The Cabinet Office estimates the output gap will stand at +0.4% for […]

Catenaa, Sunday, January 2025 – Japan’s exports climbed 2.8% in December compared to a year earlier, marking the third consecutive monthly increase and surpassing forecasts of 2.3%, according to government data released last Thursday. The weaker yen boosted shipment values, particularly for chipmaking equipment to Taiwan, but export volumes to key trading partners fell, reflecting […]

BERLIN, Germany, Wednesday, April 24, 2024 – The annual cost of climate change could reach $38 trillion by 2050, six times higher than the estimated cost of limiting global warming to 2 degrees Celsius above pre-industrial levels, a new study by the Potsdam Institute for Climate Impact Research (PIK) published in Nature said on April […]

London, UK, Monday, February 19, 2024 – The UK economy officially entered a technical recession in the final quarter of 2023, according to data released on February 15 by the Office for National Statistics (ONS). Gross domestic product (GDP) contracted by 0.3% following a 0.1% decline in the previous quarter, marking the first back-to-back decrease […]

Catenaa, Thursday, January 2, 2025-Credit card defaults in the US have reached their highest level since the Great Recession, raising alarm among economists and business leaders. According to data from BankRegData, lenders wrote off $46 billion in delinquent credit card balances between January and September 2024, a 50% increase from the same period last year. […]

Catenaa, Tuesday, December 24, 2024 – America’s growing reliance on debt could trigger a major economic downturn, warns Ruchir Sharma, chair of Rockefeller International, as he predicts the “bubble” of US economic dominance will soon burst. In a recent column in the Financial Times Sharma underscored the dangers of excessive deficit spending, noting that $2 […]

Catenaa, Thursday, November 28, 2024-The U.S. economy demonstrated resilience in October, with consumer spending climbing 0.4%, exceeding expectations. However, inflation remains stubbornly high, with core personal consumption expenditures (PCE) rising 0.3% in October and an annual increase of 2.8%. This persists above the Federal Reserve’s 2% target, suggesting that the central bank’s efforts to curb […]

WASHINGTON, Monday, July 31 – The U.S. national debt has skyrocketed to $30 trillion, a level that is unsustainable and threatens the country’s economic security, the Cato Institute warned on Tuesday. The libertarian think tank said that the debt has increased by $8 trillion since President Joe Biden took office in January 2021, and is […]