International macro information weekly

Economy

Upward inflation and downward economic risks are accompanied by increased volatility in global stock markets

Us CPI rose by 8.3% in April than expected Putin: Western sanctions against Russia are causing the global economic crisis

Russia's annual inflation rate reached 17.8% in April, but the month on month growth rate decreased significantly

Brazil's opening rate reached 1.06% in April, the highest in the same period since 1996

Argentina's inflation rate hit a 30-year high, and the central bank raised interest rates for the fifth time in the year

Economists expect South Africa to raise interest rates sharply, with real GDP growth of 2% in 2022

The GDP of UAE is 25.5 times higher than that in 1975, and the contribution of non oil sector is 72.3% in 2021

Malaysia fired the first shot of raising interest rates in Southeast Asia. Will more Asian emerging markets keep up?

Inflation in Slovenia accelerated again in April

IMF lowered India's economic growth forecast to 8.2% in the new fiscal year

The Central Bank of India unexpectedly raised interest rates by 40 basis points to deal with inflationary pressure

Finance

South Africa's budget deficit in fy2022 was lower than expected

Egypt's draft 20222023 budget estimates total expenditure of about 2.07 trillion. The Central Bank of Egypt is the largest gold buyer among the world's central banks

Dubai set up debt management office

Politics

Putin: Russia's economy remains stable

Hungary has always been reluctant to nod to the EU or consider delaying oil sanctions against Russia

G7 called on Russia to stop attacking the port and railway of birklan to ensure Ukraine's grain export

The Prime Minister of Sri Lanka announced his resignation after the bloody conflict

Balance of payments

G7 agriculture minister blames India for temporarily banning wheat exports

Ruble has become the strongest currency this year: is it useless for the west to impose several rounds of severe sanctions?

OPEC lowered its oil demand forecast, saying that the rising potential of the world economy was "quite limited"

Under the sanctions, Russia's oil revenue still increased by 50% this year

Japan's current account surplus decreased by 22.3% in 2021

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The EU reportedly plans to accelerate the development of clean energy and get rid of its dependence on Russian energy

South Africa's green hydrogen plan needs to attract r220 million investment, and the first agricultural master plan is officially signed

The Portuguese government announced to allocate 27 million euros to support the most affected agricultural industry

Sovereign credit

Fitch adjusted the sovereign credit outlook of the Czech Republic from stable to negative and maintained the AA sovereign credit rating

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