Economy

China has the potential to experience significant economic growth over the next 15 years if it implements a comprehensive package of pro-market reforms, according to International Monetary Fund (IMF) Managing Director Kristalina Georgieva. She estimates that with these reforms, China could see a 20% expansion in the real economy, equivalent to adding $3.5 trillion to

The U.S. Senate is on the brink of voting on final passage of a bill that will allocate $1.2 trillion to prevent a partial government shutdown. Majority Leader Chuck Schumer made an announcement just before a midnight deadline, signaling a potential deal to be reached. This legislation is crucial to avoid disruptions in government services

Slovakia is set to hold a presidential election that could potentially strengthen Prime Minister Robert Fico’s power in the country. The election is crucial as it could influence various aspects of governance, including control over public media, anti-corruption laws, and foreign policy decisions. The frontrunner in the election is Peter Pellegrini, an ally of Prime

In the recent weeks, the dollar has shown significant strength against most G-10 currencies, except the yen. This can be attributed to the relatively strong U.S. economy and the high interest rates that have kept the carry trade alive. The Federal Reserve’s decision to hold its overnight rate between 5.25%-5.5% and project three cuts by

The Tokyo government has been making efforts to reverse the decline in marriages and births through various matchmaking events and now, by developing an artificial intelligence-powered dating app. These efforts have been met with mixed reactions from participants, with some expressing hope and others feeling hesitant. Despite hosting numerous matchmaking events aimed at helping people

The U.S. existing home sales have surged to a one-year high in February, showing a promising trend for the upcoming spring selling season. The National Association of Realtors reported that home sales increased by 9.5% last month to a seasonally adjusted annual rate of 4.38 million units, the highest level since February 2023. This marks

In a recent blog post on the International Monetary Fund (IMF) website, Managing Director Kristalina Georgieva warned about the growing pressure on central banks to cut interest rates during a major election year. She highlighted the importance of maintaining central bank independence, stating that policymakers need to resist these pressures. Georgieva emphasized that central banks

The National Retail Federation (NRF) recently projected that U.S. retail sales are expected to increase by up to 3.5% in 2024, which is a slower pace compared to the growth seen in 2023. This forecast comes at a time when inflation is proving to be a significant hindrance to a robust recovery in consumer spending.

Tokio Marine, a Japanese insurer, is setting its sights on overseas acquisitions and could potentially spend around $10 billion on such ventures. The co-head of the company’s international business, Chris Williams, revealed that Tokio Marine’s international business now contributes more than 50% of the company’s profits, a significant increase from less than 3% two decades

The Danish central bank surprised many on Wednesday when it almost doubled its forecast for economic growth this year. The increase in projection was attributed to strong production by drug maker Novo Nordisk and the restart of natural gas production in the North Sea. The central bank now anticipates GDP to grow by 2.4% this

Malaysia’s central bank has highlighted the importance of accelerating structural reforms to ensure long-term sustainable economic strength and to support the ringgit currency. With favourable economic conditions expected in 2024, such as moderate inflation and a projected pick-up in trade activity, the government has a window of opportunity to implement necessary changes. The shift from

The recent survey conducted by Bank of America revealed a surge of optimism among investors towards emerging market equities. For the first time since April 2017, investors have rushed into emerging market equities at an accelerated pace. Global growth expectations are at a two-year high, and “risk appetite” is currently the highest it has been