G20 finance ministers and central bankers have concluded their meeting in Brazil with a cautiously optimistic outlook on the global economy. While acknowledging the increasing likelihood of a “soft landing,” they warn of significant risks …
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Yen Surges to Four-Week High Amidst Intervention Rumors
The Japanese yen has surged to its highest level in nearly four weeks against the US dollar, prompting speculation that Japanese authorities may have intervened in the market for a second day. The rally in …
Continue readingReserve Managers: Growth, But Geopolitics Worry
Global reserve managers are generally optimistic about the global economic outlook, expecting moderate growth and inflation in the next five years. However, they are deeply concerned about escalating geopolitical tensions, which they see as the …
Continue readingOPEC Maintains Strong Oil Demand Forecast: Summer Travel, Economic Growth Key Drivers
The Organization of the Petroleum Exporting Countries (OPEC) has stuck to its prediction of robust global oil demand growth for 2024 and 2025. OPEC attributes this strong outlook to a resilient global economy and a …
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