International macro information weekly

Economy

The IMF lowered its global economic forecast and the US growth rate is expected to decline to 4%

IMF: as central banks begin to raise interest rates, financial markets will usher in more turmoil

Inflation in the OECD region hit its highest level in more than 20 years last year

The growth rate of the US service industry fell to the lowest level in nearly a year

In 2022, the economic expectation of South Africa was lowered to 1.9%, and the central bank raised the repo rate to 4%

In 2022, the pace of GCC economic recovery will be accelerated, and oil price recovery and economic reform are expected to promote GDP growth of more than 6%

UAE banking net income increased by 38% in the third quarter of 2021

Finance

South Africa's tax revenue decreased by 7.8% year-on-year in fiscal year 2020 / 21

The assets of the UAE sovereign wealth fund soared to 5.9 trillion dirhams, and the UAE plans to levy corporate tax from June 2023

Politics

Situation in Russia and Ukraine: Britain and the United States continue to intimidate Russia and Ukraine, calling on all parties to calm down

Egypt plans to amend the labor law

South Korea's largest presidential candidate in March

Balance of payments

International oil prices have entered an upward cycle

Saudi Arabia's foreign direct investment reached US $23 billion in 2021

Qatar energy company continues to expand overseas, and Qatar will once again become the world's largest exporter of liquefied natural gas in 2026

Iraq's crude oil reserves accounted for 12% of the world's total, and the oil export revenue increased by 81.17% in 2021

In 2021, UAE will attract foreign capital of US $46.4 billion, and UAE aims to occupy 25% of the global hydrogen market share

Iran exported Shenzhen Agricultural Products Group Co.Ltd(000061) nearly $3.9 billion in nine months

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The total global greenhouse gas emissions will reach US $275 trillion

Ramafossa sees transformation as a way to achieve energy security. South Africa's minister of mineral resources and energy reiterated the importance of developing nuclear energy

The UAE seeks to achieve Cecep Solar Energy Co.Ltd(000591) power generation of 20GW by 2030, and Dubai's energy demand will increase by about 10% in 2021

Iraq and Saudi Arabia sign power interconnection memorandum

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