Money aggregates, loans and deposits 1. Broad money grew by 10.1%, narrow money grew by 7.4% At the end of February, the broad money (M2) balance was 223.6 trillion yuan, a year-on-year increase of 10.1%, and the growth rate was 0.7 and 1.3 percentage points higher than the end of the previous month and the […]
Category: Macro Analysis
The macro outlook for South Africa does not look rosy. The country’s primary deficit soared to 10% of GDP in 2020 and it is expected to remain at high levels in the coming years, as the pandemic-related fiscal measures induced a strong “ratchet effect” on public expenditure. As mentioned in the Medium Term Budget Policy Statement issued by the Ministry of Finance in October 2020, “Options to stabilise the fiscus are becoming increasingly limited. Growth reforms are only expected to begin yielding results over the next several years, implying continued weakness in revenue collection over the period ahead. “ Public debt grew from 60% of GDP in 2019 to over 80% of GDP by the end of 2020.
Alexandre Kateb, founder and chairman of The Multipolarity Report was the guest of Alex Proimos, CFA Market Narratives Podcast series which he runs for Investment Magazine, dedicated to the Australian institutional investors community. The 35 minutes long discussion tackled critical issues at the juncture of Economics, Finance and Geopolitics focusing on what they meant for investors. From the rise of the BRICS and the future of the US-China relationship to global inequality, the power of social networks and Big Tech, the global energy transition and the redefinition of political risk in a Multipolar World.
In this episode of Principled Discord, host Thierry Arys Ruiz is interviewing Alexandre Kateb, Economist, Founder and CEO of the “Multipolarity Report” and Adjunct Professor at SciencesPo, on central banks’ relations to innovations, new technologies, and how to navigate this new financial world. Mr. Kateb has discussed how central banks have been hesitant to adopt new financial innovations such as cryptocurrencies as they are often seen as an opposition to central banks.
The US Bureau of Labor Statistics published last Friday its Employment Situation Report for December 2020. The headline figures point to a deterioration of the US labor market in December 2020, with a -140K net change in Total Nonfarm payrolls turning negative for the first time since April 2020. Both the Public sector and the […]
At a time when China’s Tech Giants have reached and even surpassed their US counterparts, India’s Tech sector lags behind its East Asian rival in scale and scope. Yet, India is among the top three global economies in number of digital consumers. with 560 million internet subscriptions in 2018, up from 238.71 million in 2013, India is the second-largest internet subscriptions market in the world. In this Business Intelligence focus, we explore the challenges and opportunities associated with the ascent of Digital India
Hydrogen as a feedstock for the petrochemical industry Since the first demonstrations of water electrolysis some two hundred years ago, Hydrogen has witnessed many false dawns. As recorded by the International Energy Agency (IEA) in its landmark report on the Future of Hydrogen, commissioned by the Japanese Presidency of the G20 in June 2019, hydrogen […]
The Multipolarity Report partnered with The Global Diwan on a webinar that covered business and strategic issues on energy developments in the Middle East. Below is a video recording of the webinar with the participation of Alexandre Kateb
What are the key challenges for the US-China relationship with a Biden Administration? MEDays Talk Discussion between Prof. Yong Wang, Andrew Leung and Alexandre Kateb
In order to contain the second wave of the COVID-19 pandemic, most European countries have implemented new lock-downs starting from Mid-October. As the Chart of the Week with data extracted from Google Mobility shows, the new “soft lockdowns” were overall significantly softer than the “hard lockdowns” implemented to contain the first wave of the pandemic, earlier this year in […]