China’s economic challenges are causing deflationary pressures that are a concern on a global scale and are expected to worsen in the coming months, according to economists. The weakening economic fundamentals in Beijing have become evident in recent months with disappointing data in July and the suspension of publication of youth unemployment figures. Credit data …
Japanese yen and U.S. dollar banknotes are strategically arranged for a photograph in Tokyo, Japan. The U.S. dollar has surged to a new two-decade high against its major counterparts due to the Federal Reserve’s hawkish stance on interest rates. Image source: Tomohiro Ohsumi | Bloomberg | Getty Images Stock Chart Icon Stock chart icon
Investors may consider reducing their exposure to international markets at this time and focusing on domestic opportunities. Kim Arthur, CEO of Main Management, believes that global markets will face significant challenges due to the weakening US dollar. “The future performance of international stocks compared to US stocks is heavily influenced by the movement of the …
Aerial photo shows the traffic flow on a viaduct in Nanjing, East China’s Jiangsu Province, June 16, 2023. (Photo by Costfoto/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images Goldman Sachs has downgraded its growth forecast for China, citing the country’s sluggish economic performance and mounting pressure on its property sector following the coronavirus …
New York has dethroned Hong Kong as the world’s most expensive city for expats in a new survey conducted by ECA International. The study, which looked at cost-of-living in 207 cities based on a basket of goods and services that are commonly purchased by assignees, revealed that Hong Kong’s four-year reign as the most expensive …