Europe remains one of the most important continents for African trade, but recent years have seen a decline relative to other regions, with a notable uptick in flows from China and MEA regions.
On Tuesday, the International Monetary Fund (IMF) unveiled its most recent World Economic Outlook, adjusting its US growth forecast upwards while anticipating a slower rate of expansion for the euro… read more →
The World Bank has kept its 2023 economic growth projection for China steady at 5.1%, consistent with its April forecast. However, it has revised its 2024 outlook to 4.4% from… read more →
A new Guide to Payment Regulations has been released, offering insights into the regulatory frameworks and licensing schemes for payments and e-money services across eight key Asian markets. The guide,… read more →
Today, the OECD released their International Trade Statistics report for Q2 2023. The report offers an insight into the global trade landscape, highlighting significant shifts and trends. With a decline in G20 merchandise trade and a marked slowdown in services trade, the report paints a complex picture of international commerce.
The U.S. Commerce Department announced on Thursday its intention to apply preliminary anti-dumping duties to tin-plated steel imports from Canada, Germany, and China. This decision excluded five nations, bringing a… read more →
A worldwide shortfall in curbing carbon emissions could result in increased debt-servicing costs for 59 countries over the forthcoming decade, as per a study simulating the economic repercussions of climate… read more →
Oil prices climbed on Monday due to a tightening supply and expectations for economic stimulus in China, which helped Brent oil maintain a price comfortably above $80 a barrel. This… read more →
It seemed like just yesterday that TFG spoke to our industry friends about their predictions for 2023. But in a blink of an eye, we are over half way through the year. As always, the world of international trade is a busy one, filled with twists and turns that are difficult to predict.
Globalisation is not dead, contrary to recent claims. Nowhere is this more evident than in global trade, where high-growth trade corridors in Asia, Africa and the Middle East are set to outpace the global average by up to four percentage points.
China experienced a 7.5% decline in exports in May compared to the previous year, while imports were down by 4.5%, signalling a deceleration in the economic recovery post the lifting… read more →
US semiconductor imports grew 13% in value during the start of 2023, highlighting the country’s lasting reliance on foreign chip needs. Though efforts have been made to shift supply lines… read more →
The United States Dollar has been the de facto global currency for the better part of the past century. While rhetoric questioning its longevity in this role has been around for decades, the past year has seen more leaders of rapidly emerging economies beginning to question why it still needs to be this way.
China and Australia’s top trade officials have met for the first time since 2019, in the latest sign of warming in diplomatic relations between the two countries. Trade minister Don… read more →