International macro information weekly

Economy

Annual risk report of the world economic forum: bleak prospects for global economic recovery

The world bank lowered its global economic growth forecast, and emerging economies face the risk of "hard landing"

Omicron may drag U.S. economic economists down their annual growth expectations

South Africa's economic growth rate in 2022 is expected to be only 2.1%, and economic stagnation poses a short-term risk

Arab countries' GDP growth will reach 4.4% in 2021

The UAE central bank predicts that the GDP growth rate of Afghanistan in 2022 will be 4.2%

Saudi Arabia's non oil revenue hit a record high in 2021

Qatar's economy is expected to recover in 2022

The Bank of Korea raised its benchmark interest rate to 1.25%, returning to its pre epidemic level

Finance

The issuance of green and sustainable bonds in the Middle East and North Africa reached US $18 billion in 2021

Driving force behind Saudi Arabia's economic diversification - PIF

The average price of "ural" crude oil in Russia in 2021 hit a new high in nearly three years

Sheikh Sharjah approved a budget of US $9.37 billion for 2022

Iran will issue about $9 billion in cash subsidies and consumer vouchers

Jordan received a US $112 million loan from the world bank, and its Shenzhen Agricultural Products Group Co.Ltd(000061) export increased by 12.5% in 2021

Politics

Russia will station troops in its territory near the Ukrainian border

The United Nations stands ready to support the tsunami triggered by the eruption of Tonga volcano

Balance of payments

OPEC + may stick to the oil production plan in February

Russia's oil production will resume to 1.7 million barrels / day in February. The Deputy Prime Minister of Japan and Russia said that the Omicron virus will not lead to a decline in oil demand

UAE's investment stock in the United States reached 164.4 billion dirhams, and Abu Dhabi attracted FDI in the second quarter of 2021, with a year-on-year increase of 3.8%

South Africa's net foreign exchange reserves increased slightly in December

Iran's exports to Africa nearly tripled year-on-year, and its trade volume with Persian Gulf countries exceeded US $20 billion in eight months

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Tonga's "epic" volcanic eruption

Saudi Arabia plans to build two new medical cities

Masdar will enter 12 national clean energy markets in 2021

Sovereign credit

S & P downgraded Sri Lanka's sovereign credit rating from CCC + to CCC

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