The latest PMI data shows that private sector activity in the eurozone is accelerating its contraction, and the economy is likely to fall into recession. On Tuesday (October 24th) in the European session, data released jointly by S&P Global and Hamburg Commercial Bank (HCOB) showed that the initial value of the Eurozone Manufacturing Purchasing Managers' Index (PMI) in October reached 43.0, lower than September's 43.4, which was the lowest in nearly three months. ... 阅读全文

According to Eurostat data, Ireland's budget surplus ranked second among EU countries in the second quarter of this year, and its debt level ranked eighth among EU countries. Eurostat stated that Ireland's seasonally adjusted budget surplus (tax and other income exceeding expenditure) accounted for 2.4% of Gross Domestic Product (GDP) between April and June, while the EU as a whole was in deficit. The government tends to use revised statistics that exclude some c ... 阅读全文

Author | Li Xiaotian Recently, the world's attention has once again focused on the Middle East. Located at the crossroads of Eurasia and rich in oil resources, the Middle East has always been a place for major powers to compete. Its every move has a profound impact on world stability and change. In the past, this land was long regarded as a mysterious area by the outside world, and the impression of Middle Eastern countries by outsiders mostly remained in states ... 阅读全文

The latest PMI data shows that private sector activity in the eurozone is accelerating its contraction, and the economy is likely to fall into recession. On Tuesday (October 24th) in the European session, data released jointly by S&P Global and Hamburg Commercial Bank (HCOB) showed that the initial value of the Eurozone Manufacturing Purchasing Managers' Index (PMI) in October reached 43.0, lower than September's 43.4, which was the lowest in nearly three months. ... 阅读全文

Jeffrey Sachs, director of the Center for Sustainable Development at Columbia University, stated in Beijing on the 24th that China's experience of rapid economic growth in the past few decades can provide a "roadmap" for Africa. If China's experience is borrowed, Africa is also expected to achieve "leapfrog economic development" in the future. This renowned American scholar stated that China Africa cooperation will be the key to achieving rapid development in Afr ... 阅读全文

17: The Prime Minister of Ukraine predicts that the GDP growth rate will exceed 4% in 2023 and reach 5% in 2024.

According to reports from Bloomberg and Kyodo News Agency on October 24th, Germany is expected to replace Japan as the world's third largest economy in 2023, thanks to the depreciation of the yen against the US dollar and euro. The International Monetary Fund (IMF) recently predicted that Japan's nominal gross domestic product (GDP) will fall from third to fourth in the world in 2023, which will be surpassed by Germany. The economic forecast data released by the ... 阅读全文

On the afternoon of October 9th Beijing time, the list of Nobel laureates in economics was announced, and the award was awarded to Claudia Goldin, an economics professor at Harvard University, in recognition of her "enhanced understanding of the outcomes of the female labor market. Golding's research covers a wide range of topics, including female labor, gender disparities in income, income inequality, technological change, education, and immigration. Her researc ... 阅读全文

According to an AFP report on October 20th, the Federal Reserve has warned that geopolitical tensions may impact the global economy. The Federal Reserve warned on the 20th that the recent attacks on Israel and the ongoing Ukrainian war may harm the world economy and drive up global inflation. According to reports, Hamas militants launched an armed attack on southern Israel on October 7th, and since then, Israel has been conducting large-scale air strikes against ... 阅读全文

On October 22nd, the Wall Street Journal published an editorial titled "Why Biden Economics is Not Popular", compiled as follows: A poll last week showed that about two-thirds of voters in swing states do not trust Biden's economic policies. Democrats have been pondering why more and more African American and Hispanic voters are becoming interested in the Republican Party. A new report released by the Federal Reserve last week may provide the answer. The report i ... 阅读全文

The new chairman of the Federal Reserve of Australia, Bullock, has stated that if there is a substantial improvement in the inflation outlook, she will not hesitate to further raise interest rates, which is her strongest language so far on the possibility of a resurgence of inflation threats. On Tuesday, Bullock said, "Our focus remains on bringing inflation back to the target level within a reasonable time frame while maintaining employment growth." The board of ... 阅读全文

The world is vast, with a total of 193 countries and 31 regions. Every country has its own uniqueness, and there are many similarities between countries. There are many standards for measuring a country's strength, and whether it is developed or not is a very reference for classification. There are a total of 32 developed countries in the world, almost every one of which is a well-known presence. However, there are also many countries, such as Liechtenstein, Luxe ... 阅读全文

Federal Reserve Chairman Powell recently stated in a speech at the New York Economic Club that although inflation in the United States has significantly decreased, it is still significantly higher than the Fed's long-term target of 2%, and the Fed will still retain the option of further interest rate hikes. The latest quarterly forecast released by the Federal Reserve earlier showed that interest rates will remain significantly higher than previously expected thr ... 阅读全文

The French and German economies had a poor start to the fourth quarter due to sustained contraction in private sector activity, weak demand, and rising borrowing costs. According to business survey data from S&P Global in these two countries, the PMI is still far below the level of 50, which is the watershed between economic expansion and non expansion. In October, both the manufacturing and service industries experienced a contraction in PMI, while the labor mar ... 阅读全文

The Nihon Keizai Shimbun recently published an article entitled "Three Challenges Faced by American Personal Consumption". The article is compiled as follows: Personal consumption, which accounts for 70% of the US Gross Domestic Product (GDP), is facing a test. In September, the US consumer confidence index hit a new low after four months. Savings are running out, and if gasoline prices continue to rise, it may increase the difficulty of a soft landing for the US ... 阅读全文

16: At 30:48, the UK's service industry PMI for October was 49.2, with an expected 49.3 and a previous value of 49.3; The manufacturing PMI for October was 45.2, with an expected 44.7, compared to the previous value of 44.3.

Due to the depreciation of the Japanese yen, it is expected that the German economy will replace Japan as the world's third largest economy in 2023. According to the latest forecast from the International Monetary Fund (IMF), Germany's nominal gross domestic product (GDP) is estimated to be $4.43 trillion this year, while Japan is expected to be $4.23 trillion. At the time of the above forecast, the US dollar/Japanese yen exchange rate was on the brink of collaps ... 阅读全文

(Image source: Photography Network) The latest data from the South Korean Bureau of Statistics shows that the total fertility rate in South Korea dropped to 0.70 in the second quarter of this year, setting a record low for a single season. In the second quarter of this year, the number of newborns in South Korea was 56087, a year-on-year decrease of 6.8%, marking the 91st consecutive month of decline in the number of newborns in South Korea. In order to further u ... 阅读全文

For the Biden administration, which is eager to prove its governing ability in next year's general election, this Thursday may be a golden window for them to put in a lot of effort and boast about themselves - because the GDP data released by the US Department of Commerce on that day is likely to show that the annualized quarterly rate of the US real GDP in the third quarter has "doubled" compared to the first two quarters of this year Although the US economy is ... 阅读全文

16: 03:57 RBA Chairman Bullock stated that if the inflation outlook worsens, the RBA will not hesitate to raise interest rates.