Policy easing seen cushioning Greater China slowdown in 2022 – report

Sovereign credit profiles across greater China are expected to remain stable in 2022, as the region’s strong financial buffers offset rising growth pressures associated with pandemic-related uncertainty and mainland China’s property-sector stress, Fitch Ratings said in a report. The ratings on China, Hong Kong, Macao and Taiwan are all on Stable Outlook, it added. Fitch […]

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Global experts celebrate cultural, social and economic importance of tea, coffee

Global tea and coffee experts came together today to explore and celebrate the cultural, social, and economic importance of the world’s two most popular beverages including their role in making agri-food systems more efficient, inclusive, resilient and sustainable. The Dialogue on Tea and Coffee, part of World Food Day celebrations hosted by the Food and Agriculture Organization […]

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New energy economy emerging, but not quickly enough to reach net zero by 2050, says IEA

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A new energy economy is emerging around the world as solar, wind, electric vehicles and other low-carbon technologies flourish, but this clean energy progress is still far too slow to put global emissions into sustained decline towards net zero, the International Energy Agency (IEA) said in its new World Energy Outlook. “The world’s hugely encouraging clean […]

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Normalising economies are leading to rampant demand for coal globally – report

Care Advisory & Research said economies are coming back to normalcy leading to rampant demand and that is driving energy prices reflecting in the demand-supply mismatch. In an interview with CNBC-TV18, CARE’s director Tushar Shah said, “Australia and Indonesia are the two countries which are the biggest exporters of coal. India is one of the […]

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China slowdown is triggering policy recalibration, says Fitch

China’s economy has lost momentum in recent months, prompting a recalibration of policy settings to support activity, Fitch Ratings said. The country has sustained robust growth during much of the coronavirus pandemic, but headwinds have recently emerged on numerous fronts, challenging our baseline forecast that China’s economy will grow by 8.4% this year and 5.5% […]

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High oil prices pose a debacle to global economic recovery, particularly in emerging markets

Since oil prices exceeded $70 per barrel earlier this year, analysts, economists, and central banks have been fretting about whether higher crude prices could disrupt the momentum in global economic recovery from the pandemic.  Most experts argue that inflationary pressure is no doubt rising in developing economies, which are more sensitive than developed markets to […]

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China’s recovery has broadened, economic growth seen reaching 8.5% in 2021 – World Bank

China’s recovery has broadened as economic activity has continued to normalise, the World Bank said, adding that its economic growth is projected to reach 8.5 percent this year before slowing to 5.4 percent in 2022, as low base effects dissipate and the economy returns to trend growth. Improved consumer and business confidence and better labor market […]

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