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Global Economy

News, statistics and insights relating to the global economy

Japan’s Inflation Rate is still Far From BOJ’s 2 Percent Target

Japan's core inflation rate was on 0.7 percent in February, remaining distant from the Bank of Japan's 2 percent target.

OECD governments borrowing expected to hit record $11tn

Gross borrowing of OECD governments from the markets is set to surpass $11tn this year. This would be a new record, above the current record of $10.9 trillion set in 2010.

Signs of Eurozone Recession is More Apparent

The latest Purchasing Manager Index (PMI) for the two largest economies, Germany and France, is showing a clear sign of looming recession.

How will the shutdown impact GDP growth?

The effect is shown differently on nominal and real GDP

Derivatives’s Credit Terms in Eurozone Tighten Further

The latest SESFOD shows that the credit terms offered to counterparties for both securities financing and OTC derivative transactions is further tightened.

ECB on impact of Coronavirus (March 2)

Luis de Guindos, vice president of the European Central Bank, depicted the coronavirus as an additional " layer of uncertainty to global and euro area growth prospects,"

World Bank seeks to provide further USD 350 million loans to Ukraine

The World Bank is aiming to fast track the process to provide Ukraine an additional USD 350 million loan in the next few days, or as soon as the end of this week, Reuters cited people familiar with the plans.

UK inflation remains above 10% as food prices continues rapid rise

The UK CPI rose 10.1% in the year to March, still remain in double digits even though analysts expected the annual rate to fall to 9.8%
Biden announces ban on Russian energy

US bans energy imports from Russia

"Russian oil will no longer be acceptable at US ports," President Biden said.

Market sees Bank of England to raise rate to 4% by May

The financial market expecting the UK policy interest rate UK will break 4% by May, more than double the current level of 1.75%. Financial Times reported.

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