Australia‘s LNG and coal exports should fetch relatively high prices as the rejection of Russian exports causes energy shortages to persist, the Australian government projected. As global coal and LNG supply rises and demand growth moderates, prices are expected to decline, but near-term risks are skewed to the
The Australian government expects global commodity trade to be further reshuffled over the next year as new sanctions are imposed on Russia: as developed Western nations shy away from Russian raw materials, some of them are diverted to China and India. As a result, China and India are
The International Monetary Fund (IMF) provided a brief analysis of the cost of disinflation in the world as part of its latest economic outlook. In general, major central banks have responded to high inflation by raising interest rates. However, the IMF indicates that it is difficult to determine
The European Commission published a report identifying the economic losses due to weather and climate events in the European Union (EU). Current available data indicate that, on average, the economic impact of weather and climate events should be contained. During the period 1980-2020, economic losses accounted for a
The record number of new trade concerns raised at the WTO’s Council for Trade in Goods (CTG) broke records in 2021. Indeed, WTO members raised a large number of trade concerns at the three formal meetings of the CTG, with November’s 37 being an all-time high. Also, a
The World Trade Organization (WTO) highlighted the US$150 billion annual benefits of a plurilateral agreement on trade in services among 67 economies. First and foremost, on December 2, 2021, the 67 WTO members participating in the Joint Initiative on Domestic Regulation of Services announced the successful conclusion of