Other news

Iraq, the second biggest oil producer of OPEC, is about to increase its oil exports from the country’s southern ports in the following year.

During the interview for Sunday Independent newspaper, Gabriel Makhlouf, head of the CB of Ireland and governing council member of the European central bank, said the pace of interest rate hike in the Eurozone will probably slow down in 2023.

At the end of the previous week, President of Mexico Andres Manuel Lopez Obrador, while marking his fourth year in office, announced that the country’s economy should grow by at least 3.5% in 2022, as well as in 2023 and 2024.

According to investors, stagflation will pose a key threat to the global economy in the coming year. They also believe that after this year's sell-off, it is too early to expect a rally in the markets.

Prime Minister of Japan Fumio Kishida on Monday rejected a proposal to add salary increase among the new monetary policy targets that the government and central bank must pursue to support a fragile state of the economy.

On Saturday, Chevron Corporation received the American License. This document will allow one of the biggest oil companies to increase production in Venezuela and supply crude oil in the USA.

The number of COVID-19 diseases is increasing, and protests against tight covid restrictions are intensifying in China. Against this background, the country's economic activity in November fell sharply and is likely to continue to decline.

After the weekend, oil prices fell sharply due to the escalation of protests in several major cities in China and increased fears about the economic turmoil in the country.

A new rise in cases of COVID in China became the main reason for the decrease in oil prices since the middle of November.

New Zealand will probably enter a small recession, so the interest rate should continue growing to fight inflation. Such an opinion has appeared among the monetary authorities of the central bank.