Global Scans · Economy · Weekly Summary

DRIVER: The global economy still faces serious headwinds and political uncertainty potentially balanced by the enormous promise of technological advancements in many fields. Read on to get a solid handle on the opportunities and risks you and your organization may likely face and set your sails accordingly.

• [New] As global markets navigate the complexities of new U.S. tariffs and mixed economic indicators, investor sentiment remains cautious, particularly in Asia where hopes for stimulus measures in China have buoyed local indices. Yahoo Finance
• [New] UK consumers could see prices rise if EU goods become more expensive or scarce in the US, prompting EU producers to redirect exports to other markets, including the UK. The Independent
• [New] Energy and Resource Competition: As a key global supplier of critical minerals, natural gas, and coal, Australia faces cyber threats aimed at disrupting supply chains or stealing trade secrets to manipulate global markets. CYFIRMA
• [New] We expect lower crude oil prices, which account for around half of the price of gasoline, in 2026 to counteract some of the effect of the refinery closures on retail gasoline prices in the near term. EIA - Energy Information Administration
• [New] The United States will remain a net exporter of petroleum products through 2050 in all cases as expected capacity expansions at export terminals allow refineries and natural gas processors to increase exports. EIA - Energy Information Administration
• [New] U.S. production growth of crude oil and natural gas remains relatively high through 2030 due to increasing U.S. exports of petroleum products and liquefied natural gas, as U.S. energy exports continue to be economical for international consumers. EIA - Energy Information Administration
• [New] Imports: India's massive potential in SAF can reduce dependence on imports for ATF and can shield from price fluctuation. PMF IAS
• [New] In the short term, the further Russia advances and the more agricultural land is affected by fighting, the more production will fall. Centre for European Reform
• [New] Halfway through the year, it is still difficult to predict the impact new tariffs and other government policies will have on the US economy. Fibre2Fashion
• [New] China is projected to contribute nearly 30% of global GDP growth in 2025, making its economic trajectory a critical factor in shaping global markets and supply chains. Mirage News
• [New] Over time though, the fund managers are calculating that if U.S. debt-to-GDP keeps rising on an unchecked path, there could be a risk of inflation or currency depreciation. Tax Shark
• [New] There are other factors such as shortage of medical professionals, supply chain disruptions and medical innovations that will drive up medical inflation. ST
• [New] The looming tariffs are sparking anxiety across European industries already battered by inflation, supply chain disruptions, and the lingering economic aftershocks of the Covid pandemic and the Ukraine war. TRT Global
• [New] Along with lower production, USDA increased its crush forecast by 50 mb to 2.54 mb while cutting exports by 70 mb. Hoosier Ag Today
• [New] Japan will begin a world first deep-sea extraction of rare earth minerals in January, aiming to secure resources vital for technology. News Minimalist
• [New] In a recent survey, US shale executives said they expect to drill significantly fewer wells this year than planned at the start of 2025, citing lower oil prices and uncertainty around Trump's tariffs. New World Order
• [New] Trump's move will inspire more domestic production of rare earth minerals and avoid China's tit for tat tariffs that could raise the cost for US producers to manufacture goods. New World Order
• [New] Structural Economic Transformation: Implementing UBI could catalyze a structural transformation of India's economy by addressing the persistent issue of disguised unemployment in the agricultural sector. Drishti IAS
• Today's Eurozone Retail Sales and German Industrial Production will guide commodity sentiment. The Rio Times
• Today's Eurozone Retail Sales and German Industrial Production will influence energy demand sentiment. The Rio Times

Last updated: 15 July 2025