Economy

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] The partnership with AGEL in India's renewables space will be crucial to Total's objective of reaching 35 GWp of gross production capacity from renewable sources by 2025 and adding 10 GWp per year afterward.
[New] GM, citing the World Economic Forum, anticipates demand for urban delivery to fulfill e-commerce orders growing by 78% by 2030, leading to a 36-percent increase in the number of delivery vehicles in the world's 100 largest cities.
[New] Demand for service-based compressor monitoring and controls is expected to outpace that of hardware and software-based products over the next five years as a growing number of operators and end users decide to outsource some or all of their compressor monitoring and controls.
[New] The Chinese construction vehicle category is seeing growing engine oil sales via the fleet channel, which is forecast to overtake the owner-operator channel in terms of aftermarket HDMO sales in the next five years.
[New] Even the World Economic Forum, which is captive of dangerous greenwashing propaganda, now recognizes biodiversity loss as one of the top threats to the global economy.
[New] The U.S. government is forecasting oil production to rise about 3.5% in 2022 spurred by higher crude prices and a rebound in shale drilling.
[New] Consumer demand in India for dairy milk products is expected to outpace supply until 2035 and there will also be enormous demand for value-added milk products.
[New] Imports of Intra EU - Ceramic Products in the United Kingdom is expected to be GBP 66.36 Million by the end of this quarter.
[New] If Thailand could not contain the second wave the Thai economy in 2022 may grow less than 4%, while the rising number of new cases in Thailand's trading partner countries would adversely affect Thai exports up to the first quarter of 2022.
[New] U.S. pharmaceutical company Pfizer confirmed Friday it will temporarily reduce deliveries to Europe of its COVID-19 vaccine while it upgrades production capacity to 2 billion doses per year.
[New] From in 2021, China plans to bring out a paradigm shift in its economic model making domestic consumption, the main driver of economic growth.
[New] Canadian miner Eldorado Gold Corporation has set its gold production target at between 430000 oz and 460000 oz for the year, as well as in 2022, before building up to between 510000 oz and 540000 oz by 2025.
[New] We expect the general ramp-up in activity in the US to be cautious, with tight oil production continuing to decline into the second half of the year.
[New] The investment ban would not affect Xiaomi's products or supply chain but could hit its ability to raise capital if US shareholders could not buy its shares.
[New] A risk-based cleanup standard at Santa Susana Field Laboratory could decrease NASA's environmental liabilities and reduce the federal government's fiscal exposure by about $355 million.
[New] Rosneft has estimated its resources at 44 billion barrels, enough to supply the world for over a year, and said it could produce 1% of global oil later this decade at a price competitive with the cheap barrels of Middle Eastern producers.
[New] We expect SIBN's 2021 sales force expansion, building momentum in surgeon training, upcoming product launches, and direct-to-patient marketing will all contribute to strong revenue over the next few years.
[New] The insurance industry expects to pay out over £1.8 billion [$2.5 billion] in COVID-19 related claims across a range of products, including business interruption policies.
[New] We are expecting to see quite a significant decline in China that could bring prices down - but having said that, my feeling is that Chinese domestic prices are going to support seaborne prices pretty significantly through much of, if not all, of 2021.
[New] The Greek economy is poised to stage an explosive recovery in the second half of the year, with growth at 7% and 5% in the second and third quarter respectively on a quarterly basis, leading up to an annual growth rate of 9.5% in 2022.
[New] 2021 will see the next generation of cloud collaboration tools, armed with internal social networking and resource management, heighten the employee experience and ensure workers feel included.
[New] In Japan, a new monitoring review mechanism, overseen by the Ministry of Economy, Trade and Industry (METI) rather than the Japan Fair Trade Commission, will commence for certain large platforms, which will include some mandatory disclosure requirements across a range of practices.

Last updated: 19 January 2021

Economy

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