Daily Management Review
Economics
Goldman forecasts record growth rise in credit card delinquencies in USA

Goldman forecasts record growth rise in credit card delinquencies in USA

The percentage of credit card payments that are past due will increase at the fastest rate in 30 years in the United States, excluding the time of the financial crisis in 2008–2009, Goldman Sachs analysts forecast. In 2021, the proportion of credit cards whose owners failed to make timely payments...
Former Chinese Official Claims Even China's 1.4 Billion People Cannot Occupy All The Vacant Dwellings

Former Chinese Official Claims Even China's 1.4 Billion People Cannot Occupy All The Vacant Dwellings

Even China's 1.4 billion people wouldn't be able to fill all the vacant flats strewn around the nation, a former official claimed on Saturday in a rare instance of public criticism of the crisis-hit real estate sector in the nation.   The once-important Chinese real estate market has been in...
Bank Of Japan Maintains Rates At Current Levels Due To "Extremely High Uncertainties"

Bank Of Japan Maintains Rates At Current Levels Due To "Extremely High Uncertainties"

Given the "extremely high uncertainties" surrounding the prospects for both domestic and international development, the Bank of Japan kept its ultra-loose monetary policy and left interest rates unchanged on Friday.   The Bank of Japan announced in a policy statement following its meeting in...
South Korea Requests The US To Address Chip Trade Difficulties

South Korea Requests The US To Address Chip Trade Difficulties

According to South Korea, the United States has been contacted to clarify any ambiguities over incentives for chip investment and export restrictions.   Before the year-long waiver for Samsung Electronics and SK Hynix to import American chip-making equipment into China expires next month,...
The 'Battle Of A Hundred Models' Among China's AI Models Is About To Come To An End

The 'Battle Of A Hundred Models' Among China's AI Models Is About To Come To An End

A flurry of product announcements from startups and IT giants have been made nearly daily as a result of China's obsession with generative artificial intelligence, but investors are warning that a shakeout is about to occur as cost and profit demands increase.   A senior Tencent executive...
After A Surprising Increase In Inflation, The Bank Of England Is Set To Raise Rates Again

After A Surprising Increase In Inflation, The Bank Of England Is Set To Raise Rates Again

One day after showing evidence that it had made progress in addressing Britain's high inflation issue, the Bank of England is expected to announce if it is ending a series of interest rate increases that dates back to December 2021.   As soon as official statistics revealed a surprising...
The US Fed Opts Not To Raise Rates But Predicts They Will Remain Higher For Longer

The US Fed Opts Not To Raise Rates But Predicts They Will Remain Higher For Longer

In a statement issued on Wednesday, the US Federal Reserve left interest rates constant while also signalling it still anticipates one more increase before the end of the year and fewer cuts than previously anticipated next year.   According to forecasts the central bank issued at the...
Global debt reaches record $307T in the first half 2023

Global debt reaches record $307T in the first half 2023

The Financial Times reported that global debt hit a record $307 trillion in the first half of the year, referring to information from the Institute of International Finance (IIF). In the first half of the year, the total amount of debt—which includes liabilities of governments, businesses, and...
Asian Development Bank Lowers Regional Growth Prediction Due To The Weakening Of The Chinese Real Estate Market

Asian Development Bank Lowers Regional Growth Prediction Due To The Weakening Of The Chinese Real Estate Market

Due to China's troubled real estate market and the region's ongoing high interest rate environment, the Asian Development Bank lowered its regional growth prediction for 2023 to 4.7%.   This represents a small reduction from the bank's earlier forecast of a 4.8% expansion.   “The...
UK Inflation Drops To 6.7%, Less Than Anticipated, As Food Costs Decline

UK Inflation Drops To 6.7%, Less Than Anticipated, As Food Costs Decline

Inflation in the UK unexpectedly fell to 6.7% in August, which was below estimates and strengthened wagers on the Bank of England pausing interest rate increases on Thursday.   The headline consumer price index (CPI) increased by 0.3% on a monthly basis.   According to economists...
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