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

Given the release of UCLA Anderson Forecast’s June 2023 report, experts have got a sigh of relief: The US economy is YET not in a recession. However, there is some caution which needs to be observed carefully. Considering that core inflation is coming down slowly, there is a possibility that Fed might continue to tighten

Despite advancing toward a dream economic scenario, some of the country’s rich people might not be too thrilled due to recession. In spite of the Federal Reserve’s aggressive interest-rate hikes, inflation in the US is cooling toward the Federal Reserve’s 2% target. According to the Philadelphia Fed, forecasters estimate the US Gross Domestic Product rose

In Jun’23, the rupee rose 0.8% due to foreign portfolio investors inflows and a weaker dollar. Oil prices remaining range-bound also helped provide some reassurance. Given moderation in US core personal consumption expenditure and consumer spending, there is uncertainty around the Federal Reserve’s future rate policy which led to a decrease in the US Dollar

Despite heightened uncertainties and formidable headwinds, RBI Reserve Bank Governor Shaktikanta Das said Wednesday that the Indian economy has made a solid recovery and is among the fastest-growing large economies. All stakeholders in the financial system must work to maintain financial stability at all times, he said. Despite potential and emerging challenges, the Reserve Bank

Inflation is slowly falling, but economic growth continues to be at historical lows. Apart from this, financial risks have increased. That being said, the global economy’s systematic recovery from both pandemic and Russia-Ukraine war remains on track. Much of this support comes from China as the country’s economy continues to rebound strongly. Supply chain disruptions