Author: finadmin

G7 finance leaders warn of growing economic risks from the Middle East war

G7 finance leaders warn of growing economic risks from the Middle East war

Finance ministers from the Group of Seven (G7) on Friday emphasized the urgent need to limit the economic repercussions of an ongoing Middle East conflict, highlighting a commitment to pursuing enduring peace. Key quotes G7 finance ministers concluded unanimously it was urgent to limit cost for global economy of an enduring Middle East conflict statement.G7 […]

Growth beat overshadowed by weak demand – TD Securities

Growth beat overshadowed by weak demand – TD Securities

TD Securities strategists highlight that China’s Q1 Gross Domestic Product (GDP) reached 5.0% year-on-year, at the top of the official target range, driven by strong exports and early bond quota usage. However, they underline soft retail sales, property-related weakness, higher unemployment and slowing export growth, suggesting current activity concerns overshadow the solid headline, with implications […]

Conflict risks and GCC flows – Standard Chartered

Conflict risks and GCC flows – Standard Chartered

Standard Chartered Bank economists Madhur Jha and Ethan Lester assess how the Middle East conflict could affect global remittances. They argue that Gulf Cooperation Council (GCC) economies are key sources of remittance inflows for countries such as Egypt, Pakistan, Philippines, Bangladesh and Sri Lanka. While the non-oil impact is seen as smaller than COVID-19, a […]