Analysts at JP Morgan Chase believe that the US GDP will show a decline in the first quarter of 2021. CNBC notes that JP Morgan was the first major bank to declare that the U.S. economy will start with a decline in 2021. Analysts see the reason for this trend in the negative consequences of the second wave of the coronavirus, the new restrictions it has caused and the fact that mass production of...

For the first time since 2013, the most popular currency for international payments was not the dollar, according to SWIFT data. Now the euro is in first place, and the Canadian dollar overtook the Chinese yuan. In October, the euro became the most popular currency for international payments, beating the dollar for the first time since February 2013. This is reported by Bloomberg with reference...

The "debt tsunami" launched by the governments during the pandemic resulted in an unprecedented increase in global debt. By the end of the year, it could reach $277 trillion, or 365% of global GDP. Since the end of last year, the volume of world debt has increased by $ 15 trillion and by the end of 2020 may reach $277 trillion, the Financial Times wrote, citing a report of the Institute of...

The dollar may fall by 20% next year, Citigroup strategists warned. The weakening of the US currency will be helped by the success of vaccine developers and the recovery of the global economy. The dollar is likely to fall by 20% in 2021 if coronavirus vaccines become widely available and help restore international trade and economic growth. This forecast was made by Citigroup Bank, Bloomberg...

Demand for oil will fall more sharply this year than expected, by 8.8 million barrels per day (bpd) to 91.3 million bpd. The main reason for this is the increasing restrictions in the wake of the second wave of the coronavirus pandemic, according to a November report by the International Energy Agency. The report also provides estimates for next year. Here, the growth forecast has even been...

The coronavirus pandemic will fundamentally change people's travel habits, follows from a study conducted by one of the world's largest satellite operators, Inmarsat. The study interviewed 9,500 people in 12 countries. Eight out of ten respondents (83%) said that they will no longer be using air travel to the same extent as before after the pandemic. The survey showed that only 34% of the...

The positive sentiment of financial market investors may disappear if US economic growth is weakened and the negative effects of the pandemic increase, warns the Fed in its semi-annual financial stability report. In addition to near record growth in quotations relative to company profits, a sharp increase in borrowing has been recorded. The debt to asset ratio of public companies in the USA has...

The UK authorities intend to create a long-term investment fund that will focus on economic recovery and also issue the first sovereign green bonds, Finance Minister Rishi Sunak said. The long-term investment fund, which is scheduled to be established within a year, is expected to receive pension funds.  "In order to encourage UK pension funds to channel their half a trillion pounds of...

The overall food price index for the month under review increased by 3 points, or 3.1 per cent by September, to 100.9 points, so global food prices in October showed an increase for the fifth consecutive month, according to a press release from the Food and Agriculture Organization of the United Nations (FAO). The FAO Vegetable Oil Price Index rose 1.8 points, or 1.8 percent, to 106.4 points...