SCO & BRICS latest news and insights
By Rhod Mackenzie
The abandonment of Russian energy and calls for tougher sanctions have had the serious unintended consequences of very negatively impacting the economies of Eastern Europe and the Baltic States which have been the most vociferous and vocal critics of Moscow. The region is now fac...
Despite the generally positive results of the authoritative Ifo economic and financial survey, Germany's GDP is likely to fall this quarter, predicts London's Sunday Telegraph. This means that Germany will be in a technical recession. More worryingly, the outlook for Europe's first economy looks ver...
By Rhod Mackenzie
The termination of gas transit through Ukraine will formalise the end of Russian-European gas relations. The current transit agreement, which was agreed in 2019 following the resolution of the debt dispute between Gazprom and Naftogaz of Ukraine, will expire after 2024. The autho...
By Rhod Mackenzie
The economic weight of the European Union and the euro area in the world has been declining for the last three decades. Events since 2019 have intensified this trend, and the sanctions against Russia, which have boomeranged on Europe itself, are making the trend downwards totally...
By Rhod Mackenzie
Investors are demanding higher corporate bond spreads from German businesses than in the rest of the eurozone due to a stagnant economy, serious problems in the construction industry and the real estate market, as well as the highest level of distressed companies in Europe. This...
By Rhod Mackenzie
Japan's GDP fell by 0.4% in Q4 of last year, contrary to the 1.4% growth forecasted by economists polled by Reuters. The data update reveals that the GDP of Japan decreased by 3.3% in annual terms in Q3 of 2023, indicating a technical recession on the Japanese Islands. In the thi...
