A report released by the General Administration of Customs of Cambodia recently shows that in the first nine months of this year, Cambodia's total import and export volume exceeded 35.1 billion US dollars, of which approximately 16.9 billion US dollars were exported. The Ministry of Economy and Finance of Cambodia predicts that the Cambodian economy will grow by 5.6% this year, and exports from service and non clothing manufacturing industries will become the mai ... 阅读全文

On Wednesday, the Bank of Canada held interest rates unchanged for the second time, but remained open to further tightening policies, even though officials predicted that economic growth would tend to weaken. The bank has decided to stabilize its benchmark overnight lending rate at 5%, the highest record in the past 22 years. Market and economic scholars have long anticipated this pause in interest rate hikes, which is also the fourth time in the current interest ... 阅读全文

Translated from: People's Daily Our reporter Liu Hui People's Daily (17th edition, October 26, 2023) A report released by the General Administration of Customs of Cambodia recently shows that in the first nine months of this year, Cambodia's total import and export volume exceeded 35.1 billion US dollars, of which approximately 16.9 billion US dollars were exported. The Ministry of Economy and Finance of Cambodia predicts that the Cambodian economy will grow by 5 ... 阅读全文

Source: Global Times The Economist, October 22, article, original title: Welcome to the era of "reclusive consumers". In some ways, the COVID-19 pandemic is just a small episode. After the lifting of the lockdown, at least one change is ongoing: the consumption habits of wealthy countries have clearly and possibly permanently changed - welcome to the era of the recluse. Before the COVID-19 epidemic, the share of consumer spending for services rose steadily. As so ... 阅读全文

Recently, at the International Monetary Fund (IMF) and World Bank autumn 2023 annual meetings held in Morocco, the IMF's capital increase approach became a hot topic of discussion. IMF President Christina Georgieva stated in an interview with the Financial Times that the IMF should make reforms to better reflect the changes in the global economic landscape over the past decade. She expressed optimism about achieving the IMF's voting rights reform goals. However, ... 阅读全文

Have you ever thought about what kind of scenery we would face in the financial crisis if China and Russia were a pair of "mutually beneficial" partners? If one day we exchange positions with Russia, what can Russia do for us? 1. Russia's' golden savior ' On the international political and economic chessboard, each country has its unique position and role. For the two major powers, China and Russia, their relationship is more like two old friends, often extending ... 阅读全文

Harmony but Difference Nowadays, the majority of income differences are between women in the same profession and largely arise with the birth of their first child. Han and Yuan Nowadays, more than ever before, various couples are striving to find a balance between career and family, as well as between work and life. We are collectively realizing the significance and value of taking care of our families for the present and future generations. We begin to fully per ... 阅读全文

On October 24th, Bloomberg reported that according to estimates from the International Monetary Fund (IMF), Germany's gross domestic product (GDP) this year will reach $4.43 trillion, while Japan's is $4.23 trillion. Therefore, Germany is expected to surpass Japan and become the world's third largest economy by 2023. In response to this, Japanese Minister of Economy and Industry, Yasuo Nishimura (r ě n) Japan's economic growth is sluggish and currently in a slug ... 阅读全文

(Reporter Yu Ruidong) On October 25th, the Central Bank of Canada announced that, given more obvious signs that its monetary policy is easing spending and easing price pressures, the benchmark interest rate, the overnight lending rate, will continue to be maintained at 5% while maintaining quantitative tightening policies. The Central Bank of China stated that the global economy is slowing down due to past interest rate hikes and recent pressure on demand from gl ... 阅读全文

According to a report released by the French Ministry of Labor on the 25th, the number of unemployed people in France (excluding Mayotte) increased in the third quarter of 2023, with a current unemployment rate of 7.2%. According to the latest data from the Statistics Department of the French Ministry of Labor (Dares), the number of Class A job seekers who completely ceased their professional activities in the third quarter of 2023 in France increased by 0.6% com ... 阅读全文

According to data released by the German Institute of Economics on the 25th, after seasonal adjustments, the business climate index in Germany rose to 86.9 points in October from the final value of 85.8 points last month, ending five consecutive months of month on month decline. The data shows that among the four indicators that make up the business prosperity index, except for the trade indicator, which decreased month on month, the manufacturing, service, and c ... 阅读全文

After suspending interest rate hikes in September, the Federal Reserve's next move will affect the sensitive nerves of the market. Recently, Federal Reserve Chairman Powell stated that the inflation level in the United States is still too high and will retain the option of further interest rate hikes. Since March last year, the Federal Reserve has raised the target range of the federal funds rate from near zero to between 5.25% and 5.5%. Economists from many coun ... 阅读全文

The negative population growth in South Korea is very serious, but no one expected it to be so severe! According to recent data released by the South Korean government, the total number of newborns in South Korea in August 2023 was 18984, the lowest recorded since South Korea began compiling data in 1981. This is a decrease of 2798 compared to the same period in August 2022, and also the first time in South Korean history that the number of newborns per month is ... 阅读全文

The Peter G. Peterson Foundation recently stated that the US $33 trillion debt mountain is bound to become even larger, and policymakers and legislators cannot rely solely on economic growth to get rid of debt problems. The Peter G. Peterson Foundation is an independent organization dedicated to addressing the long-term fiscal challenges of the United States. The agency pointed out that the US public debt balance is constantly expanding, and as of the end of 2022 ... 阅读全文

Vietnam Investment Company Vietnam Capital predicts that Vietnam's GDP growth rate will slow from 8% in 2022 to 4.7% in 2023. Because this year, exports and manufacturing production have decreased with the decrease in demand for "made in Vietnam" products. In the first nine months of this year, Vietnam's export volume decreased by nearly 10% year-on-year, mainly due to a nearly 20% decrease in exports to Vietnam's largest export market - the United States. Nevert ... 阅读全文

At 20:30 Beijing time on Thursday, the United States will release its initial gross domestic product (GDP) for the third quarter. The market generally expects that the US economy will once again perform strongly in the second half of the year, but the future situation may be significantly different. According to Dow Jones data, the market expects an annualized quarterly GDP rate of 4.7% for the third quarter. If the forecast is correct, this will be the strongest ... 阅读全文

ANZ stated that core inflation in the eurozone has significantly improved in recent months. However, given the unpredictable nature of oil prices and the possibility of rising energy costs leading to a resurgence of overall inflation, the European Central Bank remains cautious. But we believe that the threshold for the European Central Bank to raise interest rates again is high. In addition to energy uncertainty, evidence from monetary aggregates, real economy da ... 阅读全文

Huitong Finance APP News - The US Bureau of Economic Analysis will release its first estimate of gross domestic product (GDP) for the third quarter on Thursday, October 26th. As the release time approaches, the following are economists and researchers' predictions for the upcoming growth data. Economists predict that the annualized growth rate of the United States in the third quarter of 2023 will reach 4.3%, compared to the previously reported annualized growth ... 阅读全文

The United Nations Conference on Trade and Development released its latest annual economic report on Palestine in Geneva on the 25th local time. The report states that from 2006 to 2022, the Gaza Strip experienced 16 years of "reverse development", with extremely severe economic conditions that are expected to require billions of dollars in aid to repair its ravaged economy. This report states that the blockade imposed by Israel on the Gaza Strip since 2007 has e ... 阅读全文

Goldman Sachs pointed out that with the election of the new Speaker of the United States House of Representatives, Republicans are likely to demand spending cuts of up to $120 billion, which will make it difficult to reach a long-term spending agreement. The disagreement over Ukraine's funding issue may also complicate expenditure negotiations. However, under the same other conditions, the recent developments in Israel have reduced the possibility of the governme ... 阅读全文