Today's highlights: CNN Brasil News: The National Federation of Brazilian Industries (CNI) released a research report on "Brazilian Socio Economy and Population" on Tuesday (October 24th). The data shows that for 53% of Brazilians aged 16 and above, the country's economy will improve in the next six months. The National Federation of Brazilian Industries stated that this optimism about the future may be related to the majority of Brazilians believing that the cur ... 阅读全文

According to insiders, ECB President Lagarde believes that efforts to combat inflation are progressing smoothly, but the lack of regional fiscal rule agreements is gradually becoming a problem. According to insiders, during a conference call on Monday, Lagarde told the chairpersons of the European Commission, European Council, and Eurogroup that the eurozone economy faces stagnation and downside risks in the coming quarters, but price risks have become more balan ... 阅读全文

05:08:42 South Korea's consumer confidence index for October was 98.1, with a previous value of 99.7.

Andrew Kenningham, Chief European Economist at Kaitou Macro, stated that the weakness in economic activity in the eurozone confirms the situation of the European Central Bank. At present, it seems certain that the European Central Bank will maintain interest rates unchanged at its meeting later this week. Due to the decline in both manufacturing and service industry activities, the purchasing managers' index in the eurozone contracted significantly in October. Th ... 阅读全文

The Biden administration's budget deficit in the 2023 fiscal year is as high as $1.695 trillion. This is the third largest deficit in American history. The only time the US government has a bigger deficit is in the COVID-19 period in 2020 and 2021. According to the last issue of the US Treasury Monthly Report for this fiscal year, the US government ran a deficit of $170.98 billion in September. This number is more than twice the expected number. If it weren't for ... 阅读全文

Wang Ye said that financial news: The conflict continues and the impact is too great. Finally, the Bank of Israel is "unable to bear it" and has announced a reduction in Israel's GDP growth forecast for this year and the next two years. So what will be the GDP growth rate of Israel in 2023? What about 2024? On Tuesday (24th), the Bank of Israel lowered its economic growth forecast for the country on Monday due to the risks posed by the escalation of the conflict ... 阅读全文

Content source: EMBA at the National University of Singapore. Sharing Guest: Ma Jianxin, Alumni of Class 29 of Chinese EMBA, Outstanding Academic Silver Award Winner, and Head of Dow Jones Risk Compliance in China. Editor in Chief | Ruofeng Typesetting | May 7791 Deep Good Article: 8131 words | 15 minutes to read Business Thinking In the context of globalization, the game and competition between major powers have become increasingly complex, which is not only r ... 阅读全文

Wang Ye said that financial news: The world situation will undergo a huge change, as the world's third largest economy is going to "replace", no longer Japan, but Germany. This year, Japan's GDP will be surpassed by Germany. So how much will Germany's GDP be in 2023? Why can we surpass the "third generation" Japan? On Tuesday (24th), according to the latest forecast from the International Monetary Fund (IMF), the world economic landscape will undergo significant ... 阅读全文

According to the Russian Central Bank, Russia's inflation expectation for October was 11.2%, compared to 11.7% in September.

The Nihon Keizai Shimbun recently published an article entitled "Three Challenges Faced by American Personal Consumption". The article is compiled as follows: Personal consumption, which accounts for 70% of the US Gross Domestic Product (GDP), is facing a test. In September, the US consumer confidence index hit a new low after four months. Savings are running out, and if gasoline prices continue to rise, it may increase the difficulty of a soft landing for the US ... 阅读全文

According to an AFP report on October 20th, the Federal Reserve has warned that geopolitical tensions may impact the global economy. The Federal Reserve warned on the 20th that the recent attacks on Israel and the ongoing Ukrainian war may harm the world economy and drive up global inflation. According to reports, Hamas militants launched an armed attack on southern Israel on October 7th, and since then, Israel has been conducting large-scale air strikes against ... 阅读全文

At 21:46:02, the initial PMI of the Markit service industry in the United States in October was 50.9, with an expected 49.8, and the previous value was 50.1; The initial PMI for the Markit manufacturing industry in October was 50, with an expected 49.5 and a previous value of 49.8.

According to insiders, ECB President Lagarde believes that the fight against inflation is progressing smoothly, but the lack of regional agreements on fiscal rules is becoming a headache. During a conference call on Monday, she told the chairpersons of the European Commission, the European Council, and the Eurogroup that the eurozone economy faces stagnation and downside risks in the coming quarters, but the risks to prices have become more balanced. Lagarde's co ... 阅读全文

The data shows that the inflation rate in the United States is decreasing, but the job market is still strong, which makes people feel a bit complacent, hoping that the Federal Reserve will lead the United States to achieve a soft landing. Unfortunately, for Federal Reserve Chairman Jerome Powell and other Fed officials, there are currently three different events that are intertwined and could impact the US economy and derail it. These events include a historic s ... 阅读全文

Erik Thedeen, the governor of the Swedish central bank, revealed to lawmakers on Tuesday that the bank is facing huge losses and needs to apply to parliament for funding replenishment exceeding $7 billion. Erik Thedeen pointed out at the finance committee meeting that based on preliminary analysis of its financial situation, the central bank's equity has fallen below basic levels and requires a capital injection of nearly 80 billion Swedish kronor (7.3 billion US ... 阅读全文

21st Century Economic Reporter Zheng Qingting from Beijing On the one hand, growth is economic power, and on the other hand, hidden risks. "Looking back at the 2008 financial crisis, the first foreign governor in the history of the Icelandic Central Bank, Svan Harald Igad, said in an exclusive interview with 21st Century Business Herald reporters. The global financial tsunami triggered by the US subprime crisis in 2008 made Iceland, a small country thousands of m ... 阅读全文

Bank of Korea Governor Lee Chang yong stated on Monday that due to the increasing uncertainty of inflation, the bank needs to maintain its restrictive monetary policy for a considerable period of time. On the same day, Lee Changyong stated in the South Korean parliament: "Due to the conflict between Israel and Hamas, the volatility of international oil prices and exchange rates has intensified, and the consumer price inflation rate is expected to decrease, but st ... 阅读全文

19: 25:18 European Central Bank President Lagarde told EU officials that efforts to combat inflation are progressing smoothly.

According to the website of Newsweek on October 19th, Federal Reserve Chairman Jerome Powell said on the same day that while consumer spending and a resilient job market are driving strong economic performance in the United States, inflation levels are still too high. During his speech at the New York Economic Club, Powell said that higher interest rates set by policymakers are infiltrating specific sectors of the economy, such as housing, and the central bank ha ... 阅读全文

On October 19th, the Financial Times website published an article titled "Countries Seeking Economic Security in a Turbulent World" by columnist Alan Betty. The content is compiled as follows: There are some psychological issues that people have been asking themselves for a long time: How safe do I feel? How can I be safer? Nowadays, every trade dependent economy around the world is exploring the answers to these questions internally. Three years after the supply ... 阅读全文