The Star Bulletin - Daily News Updates

global economy

Even a Soft Landing for the Economy May Be Uneven

Even a Soft Landing for the Economy May Be Uneven

Even a Soft Landing for the Economy May Be Uneven. One of the most significant economic tales of the past year was the complicated debate about what it was the U.S. economy was going into a recession , or just declining, with some altitude sickness, after the peak of growth following the pandemic's lows. In the coming year, these arguments and questions will likely to persist. It is known that the Federal Reserve has been steeply increasing the cost of borrowing for companies and individuals in an effort to limit spending and reduce inflation. However, the consequences are still affecting…
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China will boost spending during the 2023 Economic revival push: NDRC

China will boost spending during the 2023 Economic revival push: NDRC

China will boost spending during the 2023 Economic revival push: NDRC The top planner for China's economy is hoping to increase domestic consumption and draw more foreign investors in the coming year, as it tries to revitalize the economy of Covid, which has suffered in recent years.. In an interview in the People's Daily published on Sunday, Zhao Chenxin, deputy chairman of the National Development and Reform Commission stated that the authorities will align financial, industrial, monetary, technological and social policies to encourage growth. The government could also offer assistance for previously heavily regulated industries like the property and internet-related…
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US Approves $180M Anti-Tank Weapons Sale to Taiwan

US Approves $180M Anti-Tank Weapons Sale to Taiwan

US Approves $180M Anti-Tank Weapons Sale to Taiwan. The US State Department approved on Wednesday the sale of $180 million of anti-tank vehicle systems launched by vehicles to Taiwan according to the Pentagon declared, the most recent agreement on weapons between the autonomous island and its principal allies. Taiwan will get Volcano anti-tank munition-laying devices as well as cargo trucks, ammunition logistics support packages as well as a host of other services that are part of the agreement, as per an official Pentagon statement. "This proposed sale serves US national, economic, and security interests by supporting the recipient's continuing efforts…
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Global Economy Getting Close to a Receding, Central Banks Released

Global Economy Getting Close to a Receding, Central Banks Released

Global Economy Getting Close to a Receding, Central Banks Released The world economy is advancing towards recession, as economists interviewed by us repeatedly cut growth estimates for the major economies. Meanwhile, central banks are increasing interest rates in order to lower the rate of inflation that has been rising for years. A bright side is that many major economies currently in recession or about to enter one are experiencing relatively low levels of unemployment in comparison to prior recessions. In fact, the most recent poll predicts the narrowest gap between unemployment and growth over the course of at least four…
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Global economic normalization is expected by the end of 2024: conference.

Global economic normalization is expected by the end of 2024: conference.

The normalization of the global economy situation is likely to occur in the next 18-24 months as per Dr. Osman Cevdet Akcay, a senior economist at the opening ceremony of the Kallanish Flat Steel conference held in Istanbul this week. The global economy is currently heavily impacted by the rise in inflation, however the most recent decision by the US Federal Reserve to tackle inflation, even at the expense of drastically slowing down the pace of economic development (or even triggering the possibility of a recession) is being embraced by policymakers across the world and is anticipated to bring positive…
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