Top economist Kenneth Rogoff says China’s economic troubles are the result of a debt bubble that started in 2008 – and money used to prop up growth over the past decade is now hitting back. A Harvard professor wrote an op-ed for Project Syndicate last week pointing to a “debt supercycle” that started in the
In the hotel sector, the covid pandemic hit hard causing travel to halt. However, these hardships led to some necessary cost rationalization by improving digital efficiencies, which is helping the hotels industry grow faster and surge its demand. The sector has grown for the last four quarters due to a recovery in leisure and business
As per UBS’s Global Wealth Report, India’s wealth per adult has grown 8.7% per annum since the beginning of the millennium and was $16,500 at the end of 2022. A global average wealth per adult is $84,718, so India has a lot to catch up on. As a result, the average wealth in China is
The China is experiencing deflation for the first time in almost two years, yet another sign that Beijing might need to introduce stimulus measures to revive its stuttering economy. According to data from the National Bureau of Statistics, the consumer price index (CPI), which measures the cost of an average shopping basket, fell 0.3% in
For the next week, July 31, 2023 – August 4, 2023, traders and investors are expected to keep a close watch on the earnings season which continues with full rigour in the next week market. Earning releases are yet to be released from some of the big giants on the Wall Street such as Apple
It seems like the US banking crisis is not over yet. On May 1, 2023, the regulators decided to seize debt-ridden First Republic Bank (FRB) and sold all of its deposits and majority of its assets to the biggest bank, JPMorgan Chase. This was done to limit the turmoil in banking sector. However, despite almt
A combination of political and economic factors is slowly eroding the Dollar supremacy as the world’s reserve currency. According to the International Monetary Fund, nearly 60% of international reserves are held in Dollar-denominated assets. Due to Western sanctions against Russia over its invasion of Ukraine, other countries are wary of crossing Washington. For trade and
Global economy has, somehow, avoided recession in 1H23. However, global asset managers continue to expect that 2H is expected to bring more tests on account of higher interest rates and tighter liquidity. Investors are required to think twice before they jump into long-term U.S. bonds. Credit sectors and global ex-U.S. markets are expected to provide
Bangladesh is ahead of India and Pakistan in many economic and social indicators. This is our big achievement. Bangladesh has now become a case study of economic development in the world, which few economists could have predicted. When Bangladesh overtook Pakistan in economy growth in 2006, many dismissed it as a fluke. But since then,
Beijing has grappled with sputtering growth, a plunging yuan, and a sharp fall in china’s economy industrial production since reducing zero-COVID lockdowns last year. Deflation can now be added to the growing list of economic concerns facing the country. In June, the average Chinese shopping basket cost the same as in May, while the Producer
