16: At 01:06, the initial value of the manufacturing PMI in the Eurozone for October was 43, with an expected 43.7, compared to the previous value of 43.4.

On October 19th, the Financial Times website published an article titled "Countries Seeking Economic Security in a Turbulent World" by columnist Alan Betty. The content is compiled as follows: There are some psychological issues that people have been asking themselves for a long time: How safe do I feel? How can I be safer? Nowadays, every trade dependent economy around the world is exploring the answers to these questions internally. Three years after the supply ... 阅读全文

The United States has launched the "Indo Pacific Economic Framework" for over a year Biden loudly announced the launch of the "Indo Pacific Economic Framework". US President Biden first proposed the concept of the Indo Pacific Economic Framework (IPEF) during his attendance at the East Asia Summit in October 2021, and officially announced the launch of IPEF during his visit to Japan in May 2022. Japanese Prime Minister Fumio Kishida and Indian Prime Minister Modi ... 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

According to the website of Newsweek on October 19th, Federal Reserve Chairman Jerome Powell said on the same day that while consumer spending and a resilient job market are driving strong economic performance in the United States, inflation levels are still too high. During his speech at the New York Economic Club, Powell said that higher interest rates set by policymakers are infiltrating specific sectors of the economy, such as housing, and the central bank ha ... 阅读全文

On October 22nd local time, during the Saudi Arabia South Korea Forum, the two countries signed 52 cooperation memorandums, with a scale of over 15.6 billion US dollars. This move marks an important step in strengthening cooperation in various fields and promoting investment. According to the agreement, both parties will conduct comprehensive cooperation in various fields such as tourism, supply chain, real estate development, technology, and transportation. At t ... 阅读全文

15: At 31:09, the initial PMI of Germany's manufacturing industry in October was 40.7, with an expected 40; The initial PMI for the service industry in October was 48, with an expected 50.

15: At 15:56, the initial PMI of France's manufacturing industry in October was 42.6, with an expected 44.4; The initial PMI of the service industry in October was 46.1, with an expected 44.6.

Interest rate hikes and inflation haunt the US economy like ghosts. Source: China Daily, Cai Meng Interest rate hikes and inflation haunt the US economy like ghosts (Source: China Daily, October 24, 2023, 8th edition) (Copyright reserved and cannot be reproduced without authorization) Source: China Daily website

On the 23rd, Argentina announced that it would expand the scope of its export stimulus plan and extend it for one month from the next day. According to the preliminary vote count released on the same day in Argentina's presidential election, the current Minister of Economy, Sergio Massa, took the lead and entered the second round of voting. According to Reuters, the above plan was previously only aimed at exporters of soybeans and their derivatives, and will now ... 阅读全文

According to the International Monetary Fund (IMF) forecast, Japan's nominal GDP will drop from third to fourth in the world in 2023, while Germany, now the fourth largest country, will become third. The latest forecast data from the IMF shows that Japan's GDP this year is about $4.23 trillion, while Germany will reach $4.43 trillion by the end of the year. The two countries have officially exchanged positions on the global GDP ranking. After experiencing thirty ... 阅读全文

According to Yonhap, a set of statistical data released by the South Korean Customs Agency on the 24th showed that from January to September this year, South Korea's beer imports from China decreased by 2.8% year-on-year to $27.285 million, accounting for 16.1% of the total beer imports during the same period and ranking third. (Zhongxin Jingwei APP)

In the first half of this year, the global economic landscape underwent significant changes, with Germany surpassing Japan for the first time and regaining the title of the world's third largest economy, while Japan slipped to fourth place. For a long time, Japan has been firmly positioned as one of the world's top three economies, despite its significant slowdown in economic growth in recent years. However, now we must face this significant transformation, as th ... 阅读全文

14: At 03:18, the UK's unemployment rate in September was 3.98%, compared to the previous 4.00%; The number of applicants for unemployment benefits in September was 20400, with a previous value of 0900.

This article has a total of 2071 words and 1 image Expected reading time: 6 minutes Youth is crucial for the progress and success of a country. Most of the sustainable development goals of the United Nations focus on youth, treating them as an important population group in a country, and emphasizing the need for investment in them. India has the world's largest youth population, with approximately 66% of the population (808 million people) under the age of 35. Al ... 阅读全文

The Budget Policy Office of the South Korean National Assembly released a report on the outlook for the population situation on the 24th. The report calculates the total population based on the premise that the total fertility rate remains at 0.7 and does not rebound. The results show that the total population in 2040 will be 49.16 million, a decrease of 5.17% compared to 2020 (51.84 million). The report points out that population decline mainly occurs among peop ... 阅读全文

Summary: Many economists believe that the high interest rate policy in the United States is dragging down the world economy. Xinhua News Agency reporter, Federal Reserve Chairman Powell, recently stated in a speech at the New York Economic Club that although the inflation level 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 ... 阅读全文

Japanese economist and emeritus professor Yukio Noguchi at Ichibashi University once said, "Japan's international status is declining. In 2012, Japan's economy ranked among the top G7 countries, but now it has fallen to the bottom. Calculated at purchasing power parity, Japan's per capita GDP is close to the bottom of the G7 and on the brink of graduating from the ranks of developed countries According to a report by Kyodo News Agency on the 23rd, the Internation ... 阅读全文

The vast majority of economists surveyed believe that the Bank of England may have ended its tightening policy and will maintain interest rates at 5.25% on November 2nd. However, they warn that the possibility of another rate hike this year remains high. In this survey conducted from October 18th to 23rd, 61 out of 73 economists believe that although the inflation rate unexpectedly stabilized at 6.7% in September, which is the highest among all major developed ec ... 阅读全文

A survey shows that South Korea's GDP growth rate in the third quarter may have slowed down compared to the previous quarter, but accelerated compared to the same period last year. The median forecast of nine surveyed economists shows that after a growth of 0.6% in the second quarter, GDP in the third quarter may increase by 0.5% compared to the previous quarter. Compared to the same period last year, the GDP in the third quarter is likely to grow by 1.1%, while ... 阅读全文