Несмотря на высокую волатильность национальной валюты, по оценкам Всемирного банка, в 2021 году экономика Турции выросла на внушительные 9,5%. На экономической динамике благоприятно сказались высокие темпы вакцинации и снятие части коронавирусных ограничений. В то же время, Всемирный банк прогнозирует, что рост ВВП Турции замедлится до 2,0% в этом году и 3,0% в 2023 г. Таким образом, прогнозы оказались …

We are witnessing the birth of Bretton Woods III – a new world (monetary) order centered around commodity-based currencies in the East that will likely weaken the Eurodollar system and also contribute to inflationary forces in the West. A crisis is unfolding. A crisis of commodities. Commodities are collateral, and collateral is money, and this crisis is about the rising allure of outside money over inside money. Bretton Woods II was built on inside money, and its
foundations crumbled a week ago when the G7 seized Russia’s FX reserves …

Germany, once among the top five markets, has now slipped to tenth.
Russia’s attack on Ukraine has upended the ranking with European nations seeing the maximum erosion in market cap.
India’s equity market has broken into the world’s top five club in terms of market capitalisation for the first time. The country’s total market cap stands at $3.21 trillion, which is higher than …

US block on Russia’s foreign-exchange reserves could cause China, Saudi Arabia and others to dump their US debt holdings.
TOKYO — Japan and China tend to agree on very little when it comes to economic strategy, geopolitics or managing Western idiosyncrasies. Yet Joe Biden is bringing Tokyo and Beijing together on one issue: their combined US$2.4 trillion of US Treasury debt holdings that are now suddenly in doubt.