Headline this week:
Economy
UNCTAD: Global trade volume hit a record last year, and the growth rate will slow down in the first quarter
G20 senior financial officials gathered for the first time this year: many countries need to "ventilate" each other to open the road of austerity
WTO: the bottleneck of global supply chain is actually "demand shock", which is expected to be alleviated in a few months
The global payment proportion of RMB rose to an all-time high
The GDP of the Eurasian Economic Union exceeded the pre epidemic level, and the proportion of internal settlement dollars fell to 20%
US Treasury bonds topped $30 trillion, a record high
The real disposable income of Russian citizens increased by 3.1% in 2021, and the Ministry of economic development talked about the influencing factors of Russian GDP and ruble exchange rate in 2022
Consumer inflation in South Africa fell slightly in January and retail sales rose more than expected in December last year
UNCTAD: UAE's economy is expected to grow by 3.7% in 2021
Iranian bank loans increased by more than 59%, and crude oil production reached a new high in recent three years
Reversing the contraction of 4.1% in the previous year, Singapore's economy rebounded strongly last year by 7.6%
Finance
The South African government is expected to achieve a basic surplus in fy2024 / 25 and consider taking over Eskom debt
In 2022, Russia's oil exports may generate additional revenue of US $65 billion for Russia's finance
Saudi Arabia will actively consider increasing financing for infrastructure projects
Iran's tax revenue exceeds $9 billion in 10 months
Politics
Russia expels US Deputy Ambassador to Russia, sets up financial shield to deal with western economic sanctions
The situation in eastern Ukraine deteriorated, and Ukrainian government forces and civilian armed forces pointed at each other and opened fire
Balance of payments
The demand exceeds the IEA's expectation, and the international oil price exceeds US $100 per barrel for the first time in 8 years
In 2021, the foreign trade volume of the Eurasian Economic Union exceeded 800 billion US dollars
South Africa became the preferred destination for emerging market investors, and the trade situation showed an upward trend in January
Iran's non oil trade increased by 19% year-on-year, and its crude oil export hit a new high in three years
Coal exports fell and Indonesia's trade surplus narrowed
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Russia will popularize electric vehicle fast charging piles, and plans to convert 10% of urban and intercity buses to hydrogen drive by 2030
South Africa issues draft amendments to electricity regulation and Cape Town starts bidding for renewable energy projects
"Green hydrogen" economy is popular in the United Arab Emirates
Iran Launches large-scale high-speed fixed optical fiber network project
Sovereign credit
Fitch downgraded Turkey's sovereign credit rating from BB - to B + and maintained a negative outlook
