Global Scans · Economics · Weekly Summary

• [New] Shell's latest LNG outlook report projected demand for LNG to more than double by 2040, as industrial coal-to-gas switching gathers pace in China, and South Asian and South-East Asian countries lean more on LNG to support economic growth. Energy Connects
• [New] The IGP forecasts a surge in employment to over 100,000 by 2030, with investments in new offshore wind projects expected to create an economic opportunity worth £92 billion by 2040. Energy Live News
• [New] By mandating the employment of at least one Omani citizen in foreign investors' businesses, Oman seeks to create sustainable employment opportunities, enhance skills development, and foster economic growth that benefits both investors and local population. Times of Oman
• [New] In some advanced economies, such as Korea, we expect a positive impulse from exports-driven in part by strong global demand for high-end semiconductors. Eurasia Review
• [New] The IMF is warning today that China and the US's government debts could post a significant risk to the global economy. The Guardian
• [New] The steady growth in global demand, coupled with the expected benefits from falling interest rates and the National Recovery and Resilience Plan, bode well for Italy's economic performance in the coming years. West Observer
• [New] Beyond hosting the world's busiest container transshipment hub, Singapore aims to be a Smart Nation, where businesses can seize new opportunities in the new digital economy, and people are empowered by technology to live meaningful and fulfilled lives. News
• [New] China's economy expanded at a faster-than-expected pace in the first three months of the year, fueled by policies that are intended to stimulate growth and stronger demand. The Washington Post
• [New] The economic expansion could be thrown off by the continuing adverse effects of higher rates and by geopolitical tensions, including the war in Gaza, that risk disrupting trade and raising energy and other prices. The Washington Post
• [New] Supported by robust biofuel policies, increasing transport fuel demand, and abundant feedstock potential, emerging economies are forecast to drive 70% of global biofuel demand growth over the forecast period. Renewable Energy and Environmental Sustainability in India
• [New] China, the world's biggest manufacturer, could become the source of a different risk to global inflation, via stronger-than-expected economic growth. CNN
• [New] As Zimbabwe looks towards a future of economic growth and infrastructure development, initiatives like the ZBCA's Youth Desk will play a vital role in shaping the trajectory of the construction industry. The Standard
• [New] With global economies showing signs of normalising and optimism over Fed interest rate cuts in 2024, analysts expect companies across key markets to spend more on technology that will drive higher growth forecasts by Indian software services firms. The Straits Times
• [New] Downside risks to the economic outlook in FY2024 may arise from a downturn in the global economy affecting Nepal's tourism and remittance receipts. Asian Development Bank
• [New] Inflation in developing Asia and the Pacific is expected to decline to 3.2% this year and 3.0% next year, as global price pressures ease and as monetary policy remains tight in many economies. Asian Development Bank
• [New] China's and Germany's reliance on external demand rather than stimulative domestic policies to bolster their economies could cause rising tensions with trading partners and put a damper on global growth. Brookings
• [New] The German economy shrank by 0.3% last year, battered by inflation, high interest rates and cooling exports, and for 2024, the economy ministry expects just an anaemic growth of 0.2%. Hong Kong Free Press HKFP
• [New] Some industry groups and local officials are dissatisfied with EPA's new rules, questioning the economic burden placed on water systems and manufacturers and predicting that certain manufacturing industries will seek residence in countries with less stringent environmental protections. JD Supra
• GBA Plus will help ensure that Canada's FTAs are more gender responsive and inclusive so all members of Canadian society can reap the benefits of free trade and continued economic growth. GAC
• Expanding on the transformative potential of commodity-backed tokens, particularly for developing nations rich in natural resources, it is essential to delve into the broader scope of asset tokenization and its implications for the future of global markets and economic development. businesslive
• Looking ahead, the outlook for global steel demand remains cautiously optimistic, with potential risks including geopolitical tensions, persistent inflation, and fiscal challenges in major economies that could impact the ongoing recovery. petromindo

Last updated: 21 April 2024