NEWS

Latest updates

• No easy feat: forecasting fiscal data during a pandemic

  • Last month, FocusEconomics awarded The Economist Intelligence Unit (The EIU) as the best economic forecaster in 2020 and most consistent forecaster over the last three years.
• Key takeaways from the G7 summit

  • On June 11th-13th the Group of Seven (G7) major developed economies—the US, Canada, the UK, France, Germany, Italy and Japan—met for the 47th G7 summit and the first in-person summit since 2019 in Cornwall, UK.
• Tax harmonisation is a tricky sell in Europe

  • The communique released by finance ministers of the G7 group of advanced nations is an attempt to reach a “grand bargain” around tax. According to the initiative, revenue from US technology firms would be taxed in the country in which activity is taking place, in exchange for all countries abandoning Digital Services Taxes (DST) and imposing a minimum corporate tax rate of 15%.
• Saudi Arabia’s economic forecast amid covid pandemic

  • Last month, FocusEconomics awarded The Economist Intelligence Unit (The EIU) as the best economic forecaster in 2020 and most consistent forecaster over the last three years.
• The Future of Pathology: Four Growth Areas in Tissue Diagnostics (TDx)

  • Various technologies and advancements in tissue diagnostics (TDx) will drive greater efficiency in pathology which is crucial for delivering improved cancer care and diagnosis amid the growing global cancer burden.
• US consumer prices continue to rise

  • The consumer price index increased by 0.4% in September, bringing its advance over the past 12 months to 5.4%, the Bureau of Labour Statistics has reported.
• Global tax deal agreed, but US implementation in doubt

  • On October 8th negotiations at the OECD ended with an international agreement to set a minimum tax rate of 15% for large multinational enterprises from 2023.
• Asian demand is a boon for US LNG as Europe is left behind

  • Higher demand for natural gas for the winter months has been exacerbated by a supply shock in Europe. European prices surged by just over 90% in the third quarter, to US$16.9/mmBtu, and we expect a further 10% rise in the fourth quarter, to about US$18.5/mmBtu, making for a year-on-year increase of nearly 300%. Prices in the US jumped by nearly 50%, to US$4.3/mmBtu, and are expected to rise by 11%, to US$4.8/mmBtu in the fourth quarter, making for a 91% rise in prices year on year.
• 10 risk scenarios for global growth and inflation in 2022

  • Economist Intelligence Unit (EIU) has today released its Risk Outlook for 2022. The report predicts the ten biggest risk scenarios that could impact world growth and inflation in the coming year.
• Latam’s monetary policy tightening gets aggressive

  • An aggressive 125‑basis‑point policy rate rise by Chile in mid-October has provided yet another signal that Latin America’s central banks are responding firmly to inflationary pressures, with a monetary-tightening cycle that is likely to endure for much of 2022.

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