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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] Tesla should have a tailwind from the US Treasury Department's updated rules on a new electric-vehicle tax credit that will make more models eligible. Markets Insider
  • [New] The weak global economy is the greatest risk right now, which may impact the ability of companies to allow their staff to contribute to open source. Forbes
  • [New] Indonesian agency tips increase in coal production and exports: Indonesia's Ministry of Energy and Mineral Resources is forecasting coal production will increase to 695 million tonnes in 2023 up from 687 million tonnes in 2022. the weekly ledger
  • [New] A young workforce, strong manufacturing sector and rapidly growing digital economy will enable India to witness a sustained GDP growth of 7.5-8 per cent. Business Today
  • [New] The Bank of England considers a return of high gas and commodity prices a threat, but what it fears the most is a dearth of people willing and able to work. The Guardian
  • [New] Inflation will stay higher than all central banks expect, largely because the Ukraine war is just the first in a long line of global disputes that will harm trade and supply chains, and push up prices. The Guardian
  • [New] As the world's economies, enterprises and governments are digitising rapidly, India finds itself looking at a world full of opportunities. Business Today
  • [New] About a third of the world's economies will fall into recession in 2023, the IMF predicts, and the remaining two-thirds will also struggle with supply disruptions, inflation, and rising prices. Asia Times
  • [New] A price cap had been put in place that countries including India could leverage to keep energy markets stable, while limiting the Kremlin's revenue. Yahoo Finance
  • [New] As the Bank of England now forecasts a low future growth rate it should welcome a pro-growth budget with tax cuts to make working and companies investing more worthwhile. The Telegraph
  • [New] Though headline inflation slowed more than expected, a separate core metric that strips out energy and food held at an all-time high last month, and it's still unclear what impact the reopening of China's economy will have on the pace of price growth in Europe. financialpost
  • [New] The US has warned about the export to Russia of chemicals, microchips and other products that can be used in Moscow's war effort in Ukraine, and it could move to enforce existing bans. SowetanLIVE
  • [New] The United States has in recent days warned Turkey about the export to Russia of chemicals, microchips and other products that can be used in Moscow's war effort in Ukraine, and it could move to punish Turkish companies or banks contravening sanctions. The Straits Times
  • [New] U.S. support of an ineffective and brutal counterinsurgency led by a corrupt government illustrates Washington's unfamiliarity with the complex local situation and could further destabilize a country battling with socio-economic problems and religious marginalization. Responsible Statecraft
  • [New] The greatest long-term threat to US information and intellectual property was the counter-intelligence and economic espionage threat from China. Sky News
  • [New] The United States is expected to produce 837,000 metric tons of oats in the 2022/2023 crop year, or 3.6% of global production, up from only 578,000 metric tons and 2.7% of global production in 2021/2022. Seeking Alpha
  • [New] Budget 2024 could put India on track to become the world's fastest-growing major economy in the coming fiscal year. Economic Times
  • [New] The economy in Latin America and the Caribbean is expected to grow by 1.8% in 2023 amid steady inflation and the worldwide consequences of the armed conflict in Ukraine, the IMF heralded. MercoPress
  • [New] In a report released by World Bank in August last year it was stated that the Vietnamese economy is likely to grow by nearly 7.2% in 2023 and it is going to sustain itself in 2024 with a likely growth projection of 6.7%. Modern Diplomacy
  • [New] There should be a ban on buying new Chinese IoT modules by the end of 2023, and a deadline should be issued to replace existing products by the end of 2025, Portal Plus reported. Gadgets Now
  • [New] Rather than industry and manufacturing, the UK's economy is now based on services and the so-called rentier capitalism, increasing economic inequality over the past several years while also failing to produce innovation that could increase economic growth. Vox

Last updated: 07 February 2023


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