The Strategist
World & Politics

Experts lower forecast for Germany's GDP growth - 04/14/2022

Kiel Institute’s expert: German conjuncture is in a complex process of development. Stefan Kooths, vice president and director of the conjuncture department at the Kiel Institute for World Economics, said at a briefing in Berlin that economic growth in Germany in 2022 will be only 2.7%, while in the fall the forecast was 4.8%, and inflation will grow to 6.1%. Presenting the joint forecast...

Sri Lanka declares default on external debt due to COVID-19 consequences - 04/13/2022

Sri Lankan authorities have declared a default on their external debt for a period of time as they wait for these commitments to be restructured in accordance with the IMF-backed economic reform program, according to the Ministry of Finance. "Since its independence in 1948, Sri Lanka has maintained an excellent record of international debt service. Recent developments, such as the impact of the...

Macron ahead of Le Pen in the first round of French presidential elections - 04/12/2022

Emmanuel Macron was ahead of Marine Le Pen by almost 5% in the first round of presidential elections in France. The current president of France Emmanuel Macron received 27.84% of the votes during the first round of the presidential election. The results of the processing of 100% of the vote are shown on the website of the Ministry of Internal Affairs of the country. The first round was held on...

Analysts waiting for US inflation to hit 41-year high - 04/12/2022

Consumer prices in the United States in March rose 8.5% after 7.9% months earlier, DailyFX portal analysts believe. The country's Ministry of Labor will publish the official release on consumer prices in the US in the morning of Tuesday, April 12. The indicator - in the case of coincidence with the opinion of analysts - will become the maximum since December 1981. Same day, the Federal...

Italy and Algeria to sign agreement on new gas supplies - 04/11/2022

Italian Prime Minister Mario Draghi is traveling to Algeria with Foreign Minister Luigi Di Maio to sign a deal on natural gas supplies from Algeria to the Apennines, according to the Italian foreign minister. "I will be in Algeria tomorrow morning with President Draghi to sign an important gas agreement that will allow us to respond to possible Russian gas blackmail," Di Maio said at a press...

Finland leases floating LNG terminal - 04/08/2022

According to the Finnish Ministry of Employment and Economic Development, Finland is leasing a big LNG terminal ship in partnership with Estonia in order to cut off gas supplies from Russia as soon as possible. The Finnish Ministry of the Environment has ordered Gasgrid Finland Oy, in collaboration with the Estonian company Elering AS, to explain and agree on the leasing terms of the LNG terminal...

Bundesbank forecasts average annual inflation in Germany in 2022 at 6% - 04/07/2022

Head of the Bundesbank Joachim Nagel said that inflation in Germany could average 6% in 2022. "We expect that annual average inflation in 2022 could reach 6 percent. And that, of course, is too much," Nagel said in an interview with ARD television. The head of the Bundesbank noted that the issue is of universal concern. The government cannot allow inflation to fix at a high level as rising...

Experts: Pandemic results in record increase in sovereign debt worldwide - 04/07/2022

According to Janus Henderson investment firm analysts, overall debt of governments around the world would rise by 9.5 percent this year to a new high of $71.6 trillion, placing downward pressure on economic recovery and GDP growth. A new Sovereign Debt Index, focused to sovereign indebtedness around the world, was issued by Janus Henderson, a British management firm. By the end of 2021, the paper...

Biden orders extra military aid to Ukraine - 04/06/2022

The White House: Joe Biden orders $100 million in additional military aid to Ukraine. U.S. President Joe Biden has ordered $100 million in additional military aid to Ukraine, according to the White House. According to a memorandum signed by Biden, the text of which was distributed by the White House press service, the equivalent of $100 million in the aid will include defense equipment and...

World Bank worsens 2022 GDP growth forecast for China - 04/05/2022

The World Bank predicts China's economy will grow by 5% in 2022 instead of the 5.4% expected in October, according to the bank's World Economic Outlook report. "China, which accounts for 86 percent of regional output, is projected to grow by 5 percent in the baseline scenario and 4 percent in the pessimistic scenario," the WB wrote. The Bank notes that the situation around Ukraine threatens the...
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