UPDATE:OCTOBER2023 WTOlowerstradegrowthforecast amidglobalmanufacturingslowdown Acontinuedslumpingoodstradethatbeganinthefourthquarterof2022hasled WTOeconomiststoscalebacktheirtradeprojectionsforthecurrentyearwhilemaintainingamore positiveoutlookfor2024.Thevolumeofworldmerchandisetradeisnowexpectedtogrowby0.8% thisyear,...
Also, the US Mexico Canada Agreement (USMCA), the free trade agreement negotiated by the first Trump Administration, is set to be renegotiated in 2026. Trump has proposed substantial tariffs on imports from Mexico, including on automobiles and parts from Mexico. Such changes could potentially disr...
WASHINGTON, Jan. 30 (Xinhua) -- The International Monetary Fund (IMF) on Tuesday upgraded global growth forecast to 3.1 percent in 2024, 0.2 percentage point higher than the projection last October, according to its newly released World Economic Outlook (WEO) update. The upward revision reflects...
Global Trade Ocean Carriers Survey Changing Market And Ponder Next Course Of Action If there's one question looming above all others as the era of extreme carrier profitability recedes into the past, it is this: What will ocean carriers do next? Behind that question is a truism often forgotte...
The IMF chief economist also reiterated the cost of geo-economic fragmentation, noting that IMF research shows costs could range from 3 to 7 percent of world GDP, with emerging and developing countries to be the most adversely affected by trade distorting measures. ...
Unemployment rate - Jan 2023 to July 2024 or latest available External trade Public finances Stock market trends Equity, M&A deals and active Jobs Global economic outlook Appendix For more information about this report visithttps...
objectives include accessing overseas markets, enhancing global brand recognition, and reducing operational costs. Additionally, over 60% of enterprises reported stable or increasing returns from foreign investments, and many are turning to Chinese yuan for transactions, fostering trade growth with host ...
EV subsidies:As the country’s auto market enters its peak season ahead of the Lunar New Year, Chinese electric carmakers have promised toguarantee cash subsidiesoffered by a government-backed trade-in program, as it’s not clear the scheme will be extended in 2025. Electric-vehicle maker Li...
According to the WEO update, global trade is expected to grow by 4.1 percent in 2022 and 3.2 percent in 2023, down by 0.9 percentage point and 1.2 percentage points respectively from the April projection. "This is a significant downward revision compared to our April forecast," Gourinchas said...
Societe Generale’s Christian Cazenove, group head of trade oversight, Charline Profillet, deputy head of structured trade finance, and Florence Jehan, head of trade innovation, … Seeing the forest through the trees: ESG isn’t a distraction from today’s economic risks – it’s essential for...