Global tourism will return to pre-pandemic levels in 2024
World tourism is still recovering after the pandemic. The number of foreign trips last year increased globally by almost 34%. This year in Europe and the USA it will exceed the results from 2019. This is also visible in [...]
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July 20 2023
Every place in the world is a different phase of the economic cycle
The pandemic and the global lockdown caused all the economies of the world to stop at one point, in one place. The lifting of the lockdowns, in turn, caused the economies to move from one place practically at the same time. [...]
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July 4 2023
Why don't interest rate hikes stop inflation?
Central banks are raising interest rates at the fastest rate since the 90s, but serious inflation problems have yet to be brought under control. Representatives of the world's 20 largest economies raised rates by an average of 3,5 percentage points [...]
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August 2 2021
Summer break does not exist - Monthly macro forecast
August is considered a quiet month in the markets. However, this opinion is incorrect. In August 2011, the markets experienced chaos with the increase in the debt ceiling, i.e. the statutory limit on the amount of debt [...]