Report shows surge in G20 trade-restrictive measures amid increased unilateral policies
November 13, 2024--Trade restrictive measures introduced by G20 economies significantly increased in coverage over the past year, according to the 31st WTO Trade Monitoring Report on G20 trade measures issued on 13 November. Although G20 economies also continued to introduce wide-ranging trade facilitating measures, the report points to increasing evidence of inward-looking and unilateral trade policy decisions. |
Warning that these measures are creating uncertainty for the world economy, WTO Director-General Ngozi Okonjo-Iweala called on G20 governments to refrain from adopting new restrictions that could worsen the global economic outlook. |
IMF-Fiscal Monitor October 2024: Putting a Lid on Public DebtOctober 23, 2024--Global public debt is elevated. It is projected to exceed US$100 trillion in 2024 and will rise over the medium term. This chapter shows that risks to the debt outlook are heavily tilted to the upside. In a severely adverse scenario, global debt is estimated to be nearly 20 percentage points of GDP higher three years ahead than the baseline projection, reaching 115 percent of GDP. |
Global Financial Fragilities Mount Despite Rate Cuts and Buoyant MarketsOctober 22, 2024-- Increased investor risk-taking could fuel vulnerabilities |
IMF-As Inflation Recedes, Global Economy Needs Policy Triple PivotOctober 22, 2024--Let’s start with the good news: it looks like the global battle against inflation has largely been won, even if price pressures persist in some countries. After peaking at 9.4 percent year-on-year in the third quarter of 2022, we now project headline inflation will fall to 3.5 percent by the end of next year, slightly below the average during the two decades before the pandemic. |
China stimulus unleashes ETF buying spree in US and EuropeOctober 10, 2024-A scramble for Chinese equities united the global investment industry last month, just as attitudes towards European and Japanese stock markets became heavily bifurcated along geographical lines. |
Global goods trade on track for gradual recovery despite lingering downside risksOctober 10, 2024--Global goods trade is projected to post a 2.7% increase in 2024, up slightly from the previous estimate of 2.6%, WTO economists said in an updated forecast on 10 October.
|
OECD headline inflation drops to 4.7% in August 2024 as energy inflation declinesOctober 3, 2024--"Year-on-year inflation in the OECD as measured by the Consumer Price Index (CPI) fell to 4.7% in August 2024 from 5.4% in July.".
|
BIS-Monetary policy in an era of supply headwinds-do the old principles still stand?October 2, 2024--Adverse supply shocks have played a significant role in the post-pandemic inflation surge, when inflation rates in advanced economies reached levels not seen since the 1970s. The future is likely to bring more volatile inflation due to less elastic supply capacities and more frequent adverse supply shocks, necessitating a re-evaluation of monetary policy principles and frameworks |
WEF-Chief Economists Outlook: September 2024September 25, 2024--The September 2024 Chief Economists Outlook explores key trends in the global economy, including the latest outlook for growth, inflation, monetary and fiscal policy, the implications of high public debt levels, and the prospects for a new growth agenda. |
OECD: Global economy is turning the corner as inflation declines and trade growth strengthensSeptember 25, 2024--The global economy is turning the corner as growth remained resilient through the first half of 2024, with declining inflation, though significant risks remain, according to the OECD's latest Interim Economic Outlook.
|