EmerioBanque

Reporting The Global Economy: Asian Countries Exemplify Positive Output

Before 2021 came to an end, the global economy witnessed quite an up stroll that impacted individual countries and the world as a whole.

Here are a few latest developments across the global economy that are worth-paying attention to.

Asia

Three major Asian countries registered their remarkable contribution to the global economy. Where Japan registered an incredible record last November with a hick of7.2 percent sales in the car industry, South Korea demonstrated that there was an ease in supply disruption, right before the Omicron variant started to spread.

Besides them, China's Beijing witnessed some relief with the continued expansion of the manufacturing sector within the country.

United States

While the Asian countries were showing growth, the USA's merchandise trade deficit enlarged to $97.8 billion from $83.2 billion in a month.

Europe

Where a section of the world reflected the growth and the other was withering over time, Europe, a continent requiring no introduction, witnessed a surge in electricity invoices like never before.

There was nearly a surge of 200 percent in electricity invoices in Germany, Spain, France, and the UK. However, the reason why such a hick was witnessed isn't clear!

Emerging Markets

With the soaring inflation, central banks too raised their borrowing cost in 2021, while it is expected that one of the major economies, witnessing the biggest interest rate increase, Brazil would hold up the trend in 2022 as well.

Besides the drought-like expected scenario in 2022, there is a high chance of harvest and stocking risks of a higher food population in 2022. Meanwhile, Brazil's unemployment rate slipped more than anticipated in October, boosting Latin Americas biggest economy through a recession.

World

After witnessing so much, it is expected the decade ahead would bring in much growth of nearly 3.2%, which is below the average of prior years but worth considering the roaring crisis the globe witnessed.





Other news

Exchange Rates

Currency Buy Sell
EUR USD 1.06 1.10
EUR GBP 0.86 0.89
EUR CHF 1.02 1.06
EUR AUD 1.72 1.70
EUR JPY 116.08 116.56
EUR MYR 4.50 4.77
EUR SGD 1.53 1.57
EUR HKD 8.27 8.53
EUR CAD 1.54 53.84
EUR DKK 9.75 1.55

Most Recent Blogs View All Blogs

24 Jan

How Investment in Trade Finance Can Help SMEs Thrive?

A healthy trading system depends on the availability of finance. Up to 80% of current Global Trade F...

06 Jan

Why Is Supply Chains Transparency Essential To Speed Recovery

Greater transparency is expected to make worldwide trade and supply bind more dependable and guarant...

05 Jan

Why Is Reconceiving The Global Trade Finance Ecosystem Essential And How Is It Possible?

​Trade finance service helps to get cash and finance quickly, making the supply chain smoother. Th...

Disclaimer

Emerio Banque is an innovative global financial institution incorporated in England and Wales with Legal Entity Identifier 875500DGPPWAFABBK130. Emerio Banque does not offer its products and services to businesses and/or persons registered in the United Kingdom.

No information on this website should be construed as a solicitation, offer, recommendation, and representation of suitability or endorsement of any security, investment or strategy.

Important Notice

Emerio Banque would like to advise its customers to report any suspicions which they may have regarding the identity of any intermediary who promotes products or services offered by us or any intermediary bearing similar names. You should verify with Emerio Banque by calling our Customer Service Number on +44 203 059 7831 or emailing help@emeriobanque.com

Please also be aware of bogus SMS messages and voice message calls or fraudsters who impersonate the staff of Emerio Banque.

We have recently become aware of a number of entities with different names misrepresenting themselves as associates, partners or agents of Emerio Banque.

Please be informed that Emerio Banque is not associated with nor do we have any business connections or dealings with such institutions.

Emerio Banque takes all information regarding suspicious fraudulent activity very seriously. Please immediately inform us at compliance@emeriobanque.com if you suspect or are approached by persons misrepresenting or impersonating Emerio Banque and/or its officials. We will make investigations and will take legal action where necessary.