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Ukraine entered a period of severe economic decline. Daily life in Ukraine became a struggle, particularly for those living on fixed incomes, as prices rose sharply. Citizens compensated in a number of ways: more than half grew their own food, workers often held two or three jobs, and many...
The Trade Deficit fell in July to $42.78 billion, down from $49.76 billion in June. This is very good news for the economy...but not good enough. The trade deficit was also substantially smaller than the $47.3 billion consensus expectation. While it was
Facilitated by the RCEP and an infrastructure boom, the Southeast Asian fruits can now reach southwest China faster and at lower prices. Dinh Gia Nghia, deputy head of a food export company in Vietnam, estimated that in 2023, Vietnam's fruit and vegetable exports to China may increase ...
If trade frictions arise—as they did in recent years for Australia’s exports of coal, wine, and barley to China, for example—the exporting economy may lose access to key markets. Other economies may rely on geopolitically distant partners for their imports of key products. For instance, ...
The monthly deterioration in the goods deficit came mostly from the non-oil side. That is a very bad sign for coming months, as oil prices really shot up during February. The oil deficit was up by $1.22 billion or 4.7%. Relative to a year ago, the oil deficit was up 21.5% or $4.7...
In terms of value, the import of crude oil, natural gas and coal amounted to 4.54 billion dollars. Import from Saudi Arabia more than doubled in the cited period, and that from China and Australia increased in double figures. Semiconductor export gained 10.8 percent, and shipments for steel ...