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  1. #51
    Senior Member KostiaForexMart's Avatar
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    September 14. OPEC downgrades forecast for global oil demand for 2020-2021

    According to the September OPEC report, the organization downgraded the forecast for world oil demand for 2020 and 2021 by 0.4 million barrels per day. OPEC now expects a drop in demand by 9.5 million barrels per day this year and an increase of 6.6 million barrels next year. In 2020, demand is expected at 90.2 million barrels per day, and in 2021 – at 96.9 million.

    The deterioration is mainly due to a decrease in the level of economic activity in several countries of the Asia-Pacific region due to an increase in the number of cases of infection with Covid-19. Oil demand in India, Indonesia, Thailand and the Philippines in the second quarter was much lower than initially expected. At the same time, the demand for oil in China in the second quarter exceeded expectations.

    The organization notes that forecasts for demand may be lowered again due to the risks of a second wave of coronavirus in the world and the difficulties associated with vaccination. Moreover, the restrictions due to the pandemic and the operation of many businesses remotely could prevent the transport sector from fully recovering to pre-crisis levels next year.
    Regards, ForexMart PR Manager

  2. #52
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    September 16. Annual inflation in the UK in August was 0.2%

    According to the Office for National Statistics (ONS), inflation in Great Britain in August in annual terms slowed down to 0.2% from 1% in July. This is the lowest since December 2015.

    On a monthly basis, deflation was recorded at 0.4%. Analysts predicted annual inflation of 0.1%, and on a monthly basis – deflation of 0.6%.

    The CPIH index (inflation taking into account the costs of homeowners for the maintenance of housing) for the reporting month amounted to 0.5% in annual terms against 1.1% a month earlier. On a monthly basis, prices decreased by 0.3%, while in June their growth was 0.4%.

    Core inflation (CPI Core), excluding food, alcohol, tobacco and energy, rose 0.9% on an annualized basis in August after rising 1.8% a month earlier. The experts forecast an increase of 0.6%.
    Regards, ForexMart PR Manager

  3. #53
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    September 17. The World Bank gave dates of the global economy recovery

    World Bank Chief Economist Carmen Reinhart, speaking at the Trends 2021 online forum, said that the global economy will not recover from the coronavirus crisis until 2025.

    Therein, in some countries the recession will last longer than in others. In particular, poor countries will be much more affected by the crisis, which could lead to an increase in the level of extreme poverty in the world from 8% to 9%.

    In a June World Bank report, experts predicted the worst recession since World War II. According to them, the decline in the global economy in 2020 will be 5.2%.
    Regards, ForexMart PR Manager

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