Category : Deflation
The world’s first state-backed digital currency ‘el petro’ launched by Venezuela this year to circumvent US sanctions is reportedly getting help from a Russian bank.
IMF Managing Director Christine Lagarde warned that a surge in trade protectionism could sap the momentum of the global economic upswing.
After 2012 sanctions, Iran gold demand crashed 65% in 3 years
BRIAN MAHER's opinion on FED decisions.
Trade turnover between Russia and China grew by 31 percent in the first three months of the year compared to the same period in 2017, according to the Russian customs data.
Deutsche Bank plans job cuts in the United States
There is no need for Russian and Chinese businesses to pay each other in dollars and euros, when they can settle in rubles and yuan, according to Zhou Liqun, chairman of the Union of Chinese Entrepreneurs in Russia.
By all metrics, inflation is heating up. But it’s not clear the same can said for underlying economic activity.
The global economy is still on an upswing, but the good times may not last beyond the next year or two.