The World Trade Organization (WTO) has updated its projections for global trade in upcoming years, reflecting a slower-than-expected recovery from the CCP (Chinese Communist Party) virus as a result of Russia’s ongoing invasion of Ukraine. On Tuesday, the WTO issued a press release revising its predictions for global trade in 2022. Whereas the organization previously…
World Trade Organization Reassesses Global Trade Outlook
April 12, 2022
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Russian Rouble Drops a Further 8 Percent This Week in Moscow
March 12, 2022
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The Russian rouble edged up against the dollar in thin on- and offshore trading on Friday, but ended a third week of hefty losses, with the central bank now further restricting access to foreign currency. The rouble has lost a third of its value in Moscow exchanges since Russia invaded Ukraine last month, as the…
Evercore Upgrades Dell, Calls FY23 Outlook Conservative
Evercore ISI analyst Amit Daryanani upgraded the rating on Dell Technologies Inc. to Outperform from In-Line due to several factors, including what he called the company’s “very conservative” for its 2023 fiscal year outlook. Daryanani believes Dell will surpass its Q1 FY22 forecasts due to “share gains across [Dell’s] PC and infrastructure segments,” as well as a recovery in…
UK Growth Outlook Cut as Omicron and Supply Chain Troubles Bite, Says IMF
UK growth will be held back this year by disruption caused by spread of the Omicron variant of coronavirus and the ongoing supply chain crisis, according to the International Monetary Fund (IMF). In its latest World Economic Outlook update, the IMF has downgraded its UK growth forecast for 2022 to 4.7 percent from the 5…
WNS Tops Q3 Consensus; Lifts FY22 Outlook
WNS (Holdings) Ltd. reported third-quarter FY21 revenue growth of 19.2 percent year-on-year to $284.1 million. Revenue less repair payments were $261.2 million, up 16.3 percent Y/Y, beating the consensus of $255.7 million. New client additions, expanding existing relationships, increased travel volumes, and currency movements net of hedging drove the growth. WNS added 11 new clients in…
Volkswagen Sales Hit 10-year Low in 2021, BMW Races Ahead
BERLIN—Volkswagen Group posted its lowest sales figures in 10 years in 2021 at 8.9 million deliveries, the carmaker said on Wednesday, and it said it expected supply chain conditions to remain volatile in the first half of this year. By contrast, luxury carmaker BMW saw record deliveries of 2.21 million vehicles from the BMW brand,…
German Retail Sales Outlook Clouded Despite Surprise Rise in November
BERLIN—German retail sales rose unexpectedly in November, data showed on Tuesday, lifting them to a record annual high despite renewed COVID-19 restrictions which held back a consumer-led recovery in Europe’s largest economy. The Federal Statistics Office said retail sales were up 0.6 percent on the month in real terms. That beat a Reuters forecast of…
IMF Delays Release of New Forecast to January 25 to Factor in COVID-19 Developments
WASHINGTON—The International Monetary Fund will release its World Economic Outlook on Jan. 25, a week later than planned, to factor in the latest COVID-19 developments, a spokesperson for the global lender said on Tuesday, amid signs another downgrade is coming. “The World Economic Outlook update will be launched on January 25 to allow our teams…
Oil Rises Above $78 on Optimism About 2022 Outlook
LONDON—Oil rose above $78 a barrel on Monday, supported by tight supply and hopes of a further demand recovery in 2022. OPEC and its allies, or OPEC+, are expected on Tuesday to agree to the output hike. The Omicron coronavirus variant has brought record case counts and dampened New Year festivities worldwide, with more than…
Seven Dilemmas Facing the Chinese Economy
China in Focus brings you an outlook of China in 2022. We go through the biggest China stories to watch out for in the coming year. One of the most important things for the world to look out for is the slowing down of China’s economy. It matters so much because the country’s economy has…
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