🌐 World Economy Looks to Dodge Stagflation Rut as Outlook Perks Up

Bloomberg reports OECD lifts 2024 global growth forecast to 3.1% from 2.9% and inflation easing faster than expected, except in US.

🪧 The world’s economic outlook is perking up as growth proves more resilient and inflation is set to cool faster than previously expected in many countries, the OECD said.

✅ The OECD raised the 2024 global growth forecast to 3.1% — from 2.9% in February — with notable improvements in its expectations for the US, China and India. The expansion should continue at 3.2% next year.

📌 Inflation will be softer than the OECD forecast three months ago, with the exception of the US, where it now expects prices to rise 2.5% this year instead of 2.2%. Still, it said US policy makers should be able to reduce interest rates in the second half of the year.

Read full:
en review.uz/en/258
ru review.uz/258

More analytics
⬇️⬇️⬇️
© Экономическое обозрение
© Иқтисодий шарҳ
© Economic Review

telegram | facebook | twitter|linkedin

🍫‘Unethical’ Junk Food Packaging Manipulates Children Into Craving Sweets

The Guardian reports that food companies are using bright colours and cartoon characters in an “unethical” effort to manipulate children into wanting the sweets and crisps they make.

📊Bite Back, a campaign group that is part of the chef Jamie Oliver’s empire, asked nutrition experts to analyse 262 sweet food products sold in the UK with packaging likely to appeal to children made by the 10 biggest food companies.

📝The survey found that all 58 child-appealing products made by Mondelēz International – which owns the Cadbury, Oreo, Milka and Dairylea brands – were unhealthy. All 22 made by Ferrero contained large amounts of fat, salt or sugar too.

💬Mondelēz rejected the findings and said it was a “responsible food producer” which abided by the UK’s marketing codes. Its products “are marketed at adults and parents and intended as an occasional treat”, it added.

Read full:
en review.uz/en/oyc
ru review.uz/oyc

More analytics
⬇️⬇️⬇️
© Экономическое обозрение
© Иқтисодий шарҳ
© Economic Review

telegram | facebook | twitter|linkedin

📱GM-Backed Self-Driving Firm Momenta Said to File for IPO in US

Bloomberg reports that Chinese company Momenta is working with banks on a potential listing and aiming to raise up to $300 million.

👁Deliberations are ongoing and the Chinese company may decide against an IPO in the US, the people said. Representatives for Momenta, Goldman Sachs and UBS declined to comment, while China International Capital Corp. didn’t respond to requests for comment.

📍Momenta was also said to be considering an IPO in the US or Hong Kong earlier last year, at the time aiming to raise as much as $1 billion.

🗺GM obtained a permit in August to test autonomous driving electric vehicles in designated zones in Shanghai using Momenta technology.

Read full:
en review.uz/en/hwj
ru review.uz/hwj

More analytics
⬇️⬇️⬇️
© Экономическое обозрение
© Иқтисодий шарҳ
© Economic Review

telegram | facebook | twitter|linkedin

⛈ Worsening Weather Is Igniting a $25 Billion Market

Bloomberg reports as companies and investors come to grips with meteorological risks, they’re looking to a niche corner of Wall Street for protection.

📊 Against a backdrop of rising climate volatility and social shifts, demand for weather derivatives is surging. Average trading volumes for listed products jumped more than 260% in 2023, according to the CME Group, with the number of outstanding contracts currently 48% higher than a year ago.

📊 In many jurisdictions, regulators are beginning to compel companies to quantify just how much of a threat the weather is to their business. Most large and listed European companies are now required to disclose what they see as risks and opportunities from environmental factors.

☁️Historically weather derivatives have mostly been used to cushion energy companies from fluctuations in demand caused by shifting temperatures. Power suppliers face clear and predictable risks: If a summer is cooler than expected, people won’t use air conditioners as much, and in a mild winter, heating demand might wane.

Read full:
en review.uz/en/5dn
ru review.uz/5dn

More analytics
⬇️⬇️⬇️
© Экономическое обозрение
© Иқтисодий шарҳ
© Economic Review

telegram | facebook | twitter|linkedin

✔️ Assistants to the khokims are among people ("Istiqlol" makhalla)

📍The "Economic Review" Journal continues to cover issues related to the introduction of the new "makhallabay" system.

📌 Khayrullokhon Khikmatov, assistant to the khokim in "Istiqlol" makhalla in Turakurgan district of Namangan region, regarding the situation with the introduction of the "makhallabay" system in an interview to "ER".

✂️The editorial provides excerpts from the interview:

➖ It is necessary to study the interests, preferences and needs of the population, lifestyle and contribute to solving their problems as soon as possible.

➖ A separate individual program has been developed for low-income and families in need of social protection, and measures are being taken to eliminate the problems of each family member who has a problem.

➖I try to conduct all business with the principles of transparency and accountability in accordance with the initiative of the "seven" makhalla. I regularly provide reports on the work done to the Council.

➖ In my opinion, the residents' trust in the makhalla institute has increased significantly. Regardless of who the citizens turn to, they are confident that their problems will be solved within the framework of the makhalla. To be honest, the residents of the makhalla call me khokim, which indicates confidence in the institution of the "assistant to the khokim".

Jamoliddin Turdimov

In the country/Assistants to the khokims are among people

«Economic Review» Journal №3/2024

Read more:
⬇️⬇️⬇️
en review.uz/en/2si
uz review.uz/oz/2si
ru review.uz/2si

More analytics
⬇️⬇️⬇️
© Экономическое обозрение
© Иқтисодий шарҳ
© Economic Review

telegram | facebook | twitter|linkedin

🇸🇦Saudi Arabia’s $100 Billion AI Fund Will Divest China If US Asks

Bloomberg reports that the $100 billion Saudi investment fund says US is top partner, for now.

📑 The head of Saudi Arabia’s new investment fund for semiconductor and artificial intelligence technology said the country would divest from China if it were asked to do so by the US.

↔️ US officials have told their Saudi Arabian counterparts that they need to choose between Chinese and American technology as they aim to build out the Saudi Arabian semiconductor industry.

🗓 US increasingly scrutinizes the Middle East’s ties to China, over worries that countries like Saudi Arabia and the United Arab Emirates could serve as conduits for Beijing to access technology that Chinese firms are blocked from buying from the US.

Read full:
⬇️⬇️⬇️
en review.uz/en/2xb
ru review.uz/2xb

More analytics
⬇️⬇️⬇️
© Экономическое обозрение
© Иқтисодий шарҳ
© Economic Review

telegram | facebook | twitter|linkedin