International macro information weekly

Economy

IMF President: the situation in Ukraine poses major economic risks

The revised GDP growth of the United States in the fourth quarter of last year was 7%

Russia's GDP energy intensity hit a six-year low in 2020, and the food inflation rate rose to 11.1% in January

South Africa's Ministry of Finance lowered its economic growth forecast for 2021

World Bank: Egypt's macro economy has the ability to continue to cope with the impact of covid-19 epidemic

The Bank of Korea kept the benchmark interest rate unchanged at 1.25%

Japan's trade deficit exceeded 2 trillion yen in January, the second highest

Finance

The South African government plans to borrow $11 billion from global capital markets over the next three years, and the government is committed to stabilizing the debt to GDP ratio

The Philippine government plans to repay all the debts of the central bank

The rise in global interest rates has little impact on Thai government debt

Politics

The multinational joint statement prohibits Russia from using swift system, which affects the geometry?

Ships were attacked one after another! Black Sea high risk zone

Balance of payments

The situation in Ukraine may exacerbate the shortage of global energy supply

The Russian national welfare fund will support the strength of the ruble after it starts investment, and overseas individuals will significantly reduce their investment in bonds of the Russian Federation

Indonesia achieved its first current account surplus in a decade

The trade volume between Iran and the EU exceeded 4.8 billion euros in 2021. Iran, Russia and Azerbaijan stressed the expansion of energy relations

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The Russian battery market is expected to flourish, and electric vehicles are the key field

South Africa's Ministry of Finance announced that it would extend the first phase of carbon tax for three years, and the green energy transformation could create an additional 250000 jobs in 25 years

Dubai will reduce its carbon emissions by 30% by 2030

Sovereign credit

Fitch downgraded Ukraine's sovereign credit rating from B to CCC

S & P lowered Ukraine's sovereign credit rating from B to B - and included it in the negative watch list

S & P lowered Russia's sovereign credit rating from BBB - to BB + and included it in the negative watch list

Moody's downgraded the sovereign credit ratings of Russia (baa3) and Ukraine (B3)

S & P raised Austria's sovereign credit outlook from stable to positive and maintained AA + sovereign credit rating

S & P raised new Zealand's sovereign credit rating from AA to AA + to maintain a stable outlook

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