Know What's Happening in Global Economy
Know What's Happening in Global Economy
Global GDP growth outlook to be trimmed as West Asia tensions surge
SBI Research warns that the global GDP growth forecast, currently about 3.2%, will likely be cut as West Asia tensions drive crude oil above $100 per barrel and lift metal prices. The surge could add roughly 1.2 percentage points to G20 inflation. While India is expected to expand robustly at 7.2% in FY27, imported inflation there has already reached 5.4%.
Geely‑owned Lotus will become the first Chinese electric‑vehicle brand to sell in Canada under a newly reduced import tariff of 6.1 %, as announced by CEO Feng Qingfeng. The Canadian government will issue up to 24,500 permits per six‑month period, cutting duties from 106.1 % to 6.1 % for qualifying EVs, hybrids and plug‑in hybrids. Lotus has already opened six dealerships and aims to double that number by year‑end while pausing exports to the Middle East amid regional conflict. The move aligns with a broader China‑Canada trade agreement that could expand the quota to 70,000 units by 2030.
Persimmon warned that the escalating conflict with Iran could erode UK home‑buyer confidence, adding pressure to an already fragile mortgage market. The builder still expects to complete 12,000‑12,500 homes in 2026, a modest rise on 2025, and reported a 9%...
Ryozo Himino delivered a speech in Wakayama outlining Japan’s macro‑economic landscape through a detailed AD‑AS diagram. He organized endogenous variables in a circular layout, positioning stable exogenous factors at the core and short‑lived variables on the periphery. The presentation linked...
The European System of Central Banks has launched Phase III of an EU‑financed technical cooperation programme to strengthen central bank capacities in the Western Balkans. Hosted by Banca d’Italia, the initiative builds on two successful phases that delivered training, internships and...
𝗪𝗵𝗮𝘁 𝗜𝘀 𝗛𝗮𝗽𝗽𝗲𝗻𝗶𝗻𝗴 𝘁𝗼 𝗢𝗶𝗹 𝗣𝗿𝗶𝗰𝗲𝘀? West Texas Intermediate crude oil (WTI) has recently shown erratic price movements following the military conflict involving Iran. Oil has long been a critical commodity supplied by the Middle East. Because of the geopolitical tensions that...
State Bank of India (SBI) has refused to process payments for Russian crude oil even after the United States issued a temporary waiver for Indian imports. The bank cites uncertainty over the waiver's duration, potential sanctions exposure, and reputational risk...
In this episode of Reuters Morning Bid, Amanda Cooper and Mike Dolan dissect the wild swings in oil prices after former President Trump hinted the Iran conflict could end soon, noting crude jumped $30‑$25 per barrel in a day before...
The Reserve Bank of Zimbabwe (RBZ) boosted its gold holdings by roughly 250%, rising from 1.5 tonnes in April 2024 to 4.03 tonnes by December 2025. This surge helped lift total foreign‑currency reserves from US$276 million to about US$1.2 billion, expanding import‑cover from 0.18 to 1.5 months....
India has amended Press Note 3, easing foreign‑investment rules for all nations sharing a land border, including China. The change removes the mandatory pre‑approval requirement for investments from companies with shareholders in these countries, though approval remains required for any sector....
China is strengthening its energy security framework to offset volatility caused by the Iran‑related conflict. The government has expanded strategic petroleum reserves, accelerated domestic renewable projects, and secured new long‑term contracts with alternative suppliers. These moves aim to insulate the...
The closure of the Strait of Hormuz amid the Iran‑US/Israeli conflict has driven bunker fuel prices to record highs, with IFO 380 averaging $841.50 per tonne globally and Singapore reaching $1,073. At least 20% of the world’s HSFO exports are now...
India's e‑way bill generation slipped 3.1% in February to 132.5 million, yet it remains the third‑highest monthly total on record, signalling sustained logistics activity. Analysts attribute the dip to February’s shorter calendar and seasonal softening after a strong January, not a...
Good Morning from Germany, where the trade surplus widened to €21bn in January, up from €17.4bn the prev month; the highest level since the summer of 2024. However, this does not signal a revival of Germany’s export model. Exports fell by...
Ocean Network Express (ONE) announced immediate operational adjustments across multiple routes as the Strait of Hormuz effectively closed due to escalating security challenges in the Middle East. The carrier is deploying alternative routings to keep vessels moving while safeguarding crews,...
India is walking a diplomatic tightrope as escalating Iran‑U.S. tensions threaten its oil supplies while it seeks to preserve economic stability. Beijing has called for deeper BRICS coordination, but New Delhi has remained silent on the Iranian attack, emphasizing dialogue...
This is perhaps the best analysis I’ve seen so far offering an onshore Chinese perspective on Iran and the ongoing conflict in the Middle East. “China’s disillusionment with Iran’s leaders means that Beijing is not inherently opposed to regime change. Because...
Asian equities rebounded sharply on Tuesday as oil prices retreated from a peak near $120 to around $90 a barrel, easing geopolitical risk concerns. President Donald Trump’s remarks that the Iran‑related conflict was “very complete” further calmed markets. Japan’s revised...
Oil prices surged past $100 a barrel after US and Israeli strikes on Iran, reviving inflation concerns and prompting analysts to warn of a dual recession‑inflation risk. Meanwhile, Swift is launching a new cross‑border retail payments framework to improve speed...
Hello from Hanoi where the energy and supply shock from the war is hitting it here. The government wants people to use less fuel for transport by working from home. When there’s a supply shock & u can’t increase it...
Russia and Iran will sign off the 164‑km Rasht‑Astara railway line on April 1, 2026, a cornerstone of the International North‑South Transport Corridor (INSTC). The €1.6 billion project, jointly funded by Moscow and Tehran, aims to streamline cargo flow from India...
European stock futures surged 1‑2% on Tuesday as oil prices retreated after President Trump suggested possible action to keep the Strait of Hormuz open. Brent crude slipped 6.8% to $92.25 per barrel, easing pressure on energy‑sensitive equities. The rally could...
Shares of Indian gas distributors surged after President Donald Trump suggested the Iran war could end soon, easing fears of prolonged Strait of Hormuz disruptions. Petronet LNG jumped nearly 5% to ₹292.30, GAIL rose 2% to ₹152.50, and Indraprastha Gas...
The Hang Seng Index rebounded to 24,765, reclaiming its 200‑day moving average after a 1.6% intraday gain. Over the past ten days, it fell only 3.3% while China’s CSI 300 slipped 1.1%, outpacing regional peers hit by oil‑driven stagflation fears. Policy...
Geopolitical strikes on Iran have pushed spot gold to a record $5,420 per ounce, sparking a surge in demand for physical bullion. In Poland, the Mazovia Mint reports private investor purchases rising 30‑50% year‑on‑year, with 21% of Poles entering the...
Mideast Gulf naphtha supplies are tightening after Kuwait's KPC and Bahrain's Bapco Energies announced force majeure, removing roughly 560,000 t/month and 167,000 t/month respectively. Additional shipment delays from ADNOC and cargo cancellations by QatarEnergy, alongside drone attacks on Ras Laffan and Duqm,...
RBA Deputy Governor Andrew Hauser warned that inflation in Australia is likely to run above the bank’s June projection of 4.2% because of surging oil prices linked to the Middle East conflict. The central bank’s board will meet next week,...
In this introductory trailer, host Mandy Drury outlines the new CommBank View: Economics & Markets podcast, which will feature the Commonwealth Bank’s Global Economic and Markets Research Team delivering deep analysis of fast‑moving global markets, shifting policy settings, and an...
The Indian rupee rebounded from its all‑time low, trading at 92.14 per U.S. dollar after a 7‑paise gain in early trade. The rally was sparked by a sharp drop in global oil prices following President Donald Trump’s comments that the...
India’s commerce minister Piyush Goyal urged firms to capitalise on the nine free‑trade agreements covering 38 developed economies, which open roughly two‑thirds of global trade to Indian exporters. He highlighted India’s rise to 38th in the Global Innovation Index and...
India has declined the International Energy Agency’s invitation to tap its strategic oil reserves as a measure to curb soaring crude prices. The country holds about 5.33 million tonnes of underground reserves, roughly 80% of capacity, and reserves them for supply‑disruption...
Apple boosted iPhone assembly in India by roughly 53% in 2025, reaching about 55 million units and accounting for a quarter of its global output. The shift helps the company sidestep escalating US tariffs on Chinese‑made devices and diversifies its supply...
The article dissects Iran’s alleged ability to strike a U.S. aircraft carrier, revealing that long‑range anti‑ship missiles depend on airborne reconnaissance and mid‑course guidance rather than autonomous targeting. It explains that carriers operate beyond the radar horizon, can maneuver at...
Supreme Court struck down Trump-era IEEPA tariffs, prompting a flood of refund claims for roughly $175 billion collected. The U.S. Court of International Trade ordered the government to begin issuing refunds, but Customs and Border Protection requested a 45‑day setup period,...
When the United States and other major donors slashed foreign aid in 2025, analysts warned of imminent economic collapse across Africa. Yet recent data show most African economies have maintained or even modestly expanded growth, with Ethiopia posting 4.2% GDP...
The authors argue that governments worldwide are moving toward a form of state capitalism, using export controls, investment‑screening mechanisms, and subsidies to steer corporate behavior toward geopolitical goals. This shift blurs the line between market‑driven decision‑making and political direction, compelling...
In this episode, Michelle Martin and Ryan Huang dissect the market fallout from the Iran conflict, highlighting President Trump's mixed signals that have driven oil volatility and raised the odds of a U.S. market melt‑down to 35% according to strategist...
China’s exports jumped 21.8% in the first two months of 2026, marking the strongest bi‑monthly increase in four years. The surge was powered by heightened demand from ASEAN, the European Union and other key markets, while U.S. exports to China...
I enjoy very much how economists analyze: Oil is up $50. India imports 5 million per day. This is US$ 250 m extra per day or US$ 7.5 billion per month. How will India make up for annual US$ 90 billion...
HOW OIL COULD SURGE TO $200 AND BEYOND @tracyalloway and I talk with @Rory_Johnston -- typically one of the least-alarmist people in oil -- about how the longer the Straight of Hormuz is shut, the greater the likelihood of an...
Global leaders race to shield their economies from war shocks https://t.co/i7GALZxtxQ via @endacurran @jdorosario @DanielPFlatley https://t.co/LHSlsEyQV6
China’s exports increased 21.8% year on year in dollar terms in January and February mainly due to shipments to south-east Asia, which increased 29.4%, and to the EU, up 27.8%. Exports to the US fell 11% while imports from the...
One of my better charts -- shows China's surplus relative to global GDP. Has had a big impact I think ... https://t.co/xkL0hjBjP1
Britain is more exposed than other European economies to the latest movements in energy markets due to greater reliance on natural gas. Households are also in a fragile position as energy bills are still 60% higher than before Russia’s full-scale...
G7 energy ministers are scheduled to hold a video call (involving the IEA too) today to discuss the oil and LNG markets. Yesterday, G7 finance ministers flagged a potential use of the oil SPR. Japan and several other north East...
Europe's energy vulnerability is contributing to the euro having a worse war than its peers, writes @marcusashworth https://t.co/D2PXb56w3z via @opinion https://t.co/aIh2l1QXUy
Trump, Putin talk of war and peace as US weighs easing Russian oil sanctions https://t.co/XxiEKNK66b
Interesting report on Rosatom > "Western sanctions have posed financial and logistical challenges to Rosatom’s projects, but most projects are staying the course." https://t.co/aqSfqArRIV
China’s Exports Surge in First Two Months of Year—Trade surplus stood at $213.62 billion for the period https://t.co/siI2mnkBZ1 https://t.co/siI2mnkBZ1
March 9 (Reuters) - President Donald Trump's administration is considering reducing oil sanctions on Russia to help cool a surge in global energy prices triggered by the U.S. and Israeli war on Iran... according to three sources familiar with the...
FT op-ed: “China’s growth target is a global problem…The target is not based in economics. It’s a political goal…Pursuing that aim, Beijing has been overinvesting for years, but lately it has been dumping the excess output it can’t sell at...
