International macro information weekly

Economy

The World Bank warned that the Russian Ukrainian crisis will hit the global economy, and the GDP loss may reach US $1 trillion

What is the impact of "financial bomb" sanctions on the Russian economy?

South Africa's manufacturing sentiment performed well in February and producer inflation slowed slightly in January

Turkey's economy grew by 11% in 2021 and inflation soared to a 20-year high

Energy investment in MENA will continue to grow in the next five years, and the job market of GCC countries will be better in 2022

Saudi industrial investment increased to $346 billion

UAE's energy and infrastructure competitiveness ranks among the top ten in the world, and the profitability of banks will return to the pre epidemic level

In the fourth quarter of 2021, South Korea's GDP growth was initially estimated at 1.2%, and the annual economic growth was 4%

Finance

South Africa's Ministry of finance was warned after launching the rebound support plan for small and medium-sized enterprises and publishing the budget report

Saudi public investment fund has US $56 billion of us listed shares, and 4% of Saudi Aramco's shares are transferred to public investment fund

Politics

Putin's attack on Ukraine's military infrastructure is drawing to a close, and the third round of negotiations was held on the 7th

North Korea launches reconnaissance satellite test again

Balance of payments

70% of Russia's crude oil trade has been frozen, and Ural crude oil has become a hot potato

The Ministry of employment and labour of South Africa issued a quota policy for foreign workers

Saudi Arabia's crude oil production and exports fell in 2021, raising the price of crude oil to Asia in March

Iran's non oil trade volume increased by 38%, and FDI in industry, mining and trade increased by nearly 136%

Greek central bank announces balance of payments in 2021

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415 Cecep Solar Energy Co.Ltd(000591) power plants in Iran put into operation

South Africa will build a large Cecep Solar Energy Co.Ltd(000591) power plant in 2023

Sovereign credit

Moody's downgraded Ukraine's sovereign credit rating from B3 to caa2, which is still under review

Moody's downgraded Russia's sovereign credit rating from B3 to Ca, with a negative sovereign credit outlook

Fitch downgraded Russia's sovereign credit rating from BBB to B, observing negative

S & P lowered Russia's sovereign credit rating from BB + to CCC - still on the negative watch list

S & P lowered the sovereign credit rating of Belarus from B to CCC and included it in the negative watch list

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