Global Economic Outlook: Asia and Emerging Markets Slowing Down
The New Normal continues as markets tentatively rebound from the mid-year shake-up. Investors remain on the lookout for profit and the mainstream media dubs August market declines as 'buying opportunities'. The global slowdown grinds down a gear as Asian production slumps again and emerging markets begin showing signs of market instability. This post is powered by the Bitcoin Trading Network xbt.social - CCN29 and get 29USD off! Economic Indicators. World Indexes and Forex Rates. Commodities. In the Calendar This Week. Mon 7 September. China Foreign Currency Reserves (previous: 532B). Tue....
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The head of the International Monetary Fund (IMF), Kristalina Georgieva, has warned that the global economic outlook “has darkened significantly,” emphasizing that, regarding a global recession, “we cannot rule it out.”
IMF Says Global Economic Outlook ‘Has Darkened Significantly’
Kristalina Georgieva, the managing director of the International Monetary Fund (IMF), discussed the global economic outlook and the prospect of a global recession in an interview with Reuters Wednesday.
Commenting on the global economy, the IMF....
Crypto adoption is expanding apace across Asia, with major global exchanges inking partnerships and making acquisitions on the continent. Major crypto exchanges originating from Asia as well as from the West have shown an increasing interest in the Asia-Pacific region. Coinbase launched in Japan last year, joining the selected group of exchanges to offer crypto trading services to native customers. Binance, the world’s leading crypto exchange by trading volume, has forged a series of new partnerships in Singapore, Indonesia and Thailand.The growing interest in global crypto exchanges in....
International markets are mixed today, as investors and speculators try to find yield in a shifting world economy. Production is slowing and commodities are declining in unison, but the scramble for illusive profits increases. This post is powered by the Bitcoin Trading Network xbt.social - CCN29 and get 29USD off! Economic Indicators. World Indexes and Forex Rates. Commodities. In the Calendar This Week. Sun 9 August. Chine CPI y/y 1.6% (expected: 1.5% previous: 1.4%). Mon 10 August. Japan Bank Lending y/y 2.6% (previous: 2.5%). Tue 11 August. Australia NAB Business Confidence. German ZEW....
The IMF has forecast economic growth to slow from 6.1% last year to 3.2% in 2022, which some believe will have negative consequences for crypto. Investors are warning of further volatility in the digital asset markets as the International Monetary Fund (IMF) forecasts a slowdown in global economic growth.The IMF’s July update on the World Economic Outlook titled “Gloomy and More Uncertain” points to “higher-than-expected inflation,” and a contraction of global output as indicators of incoming poor economic growth. The report states in succinct terms that there are likely economic slowdowns....
The emerging fintech and cryptocurrency industry in Asia received a major portion of total VC funds during the thrid quarter of 2016. Asia is an emerging economic power, thanks to the growth of some of the major countries in the continent. Staying true to its economic progress, the continent is also turning out to be an attractive market for the fintech industry. According to a recent report published by KPMG – one of the “big four” audit firms in the world, the Asian continent was the largest recipient of venture capital in the fintech and cryptocurrency technology sector during the third....