In December the headline US consumer price index (CPI) dropped by 0.1%—the first month-on-month decline since the coronavirus-induced downturn in early 2020. Core inflation, however, continued to rise by 0.3% month on month, maintaining its recent pace.
Mild weather in early January—following on from a previous record warm October—and energy-saving measures by consumers have led to high gas storage levels and lower European gas prices.
In late December 2022 the Central African Republic announced a delay to the planned listing of its “national digital currency”—Sango Coin—on a cryptocurrency exchange until the first quarter of 2023.
In late December 2022 the Central African Republic announced a delay to the planned listing of its “national digital currency”—Sango Coin—on a cryptocurrency exchange until the first quarter of 2023.
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The sharp rebound in the PMI readings imply that the economic impact of the rapid reversal of China’s covid‑19 policy has been more transitory than we expected. Therefore, our forecasts of the recovery path will be adjusted to reflect a full-scale rebound from mid‑first quarter of 2023 (instead of from the second half as previously anticipated).
On March 20th‑21st the Russian and Chinese heads of state met in Moscow, the Russian capital. The meetings between Russia’s president, Vladimir Putin, and his Chinese counterpart, Xi Jinping, were designed to affirm their closeness.
The report confirms that the world is on course to exceed the 1.5°C target in the first half of the 2030s unless definitive and far-reaching steps are taken immediately.
The EU exemption means that conventional ICE cars will continue to be available for sale after 2035, but will need to be fitted or retrofitted with technology called a “fuelling inducement system” to prevent the use of fossil fuels in the vehicle.
The external environment for South Korea’s export-oriented manufacturing sector improved slightly in February, according to data released on March 1st that showed a diminishing year-on-year decline in merchandise exports (in non-seasonally adjusted terms).
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