Chaos, new opportunities – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait News
- Date: 03-Oct-2022
- Source: Arab Times Kuwait
- Sector:Financial Markets
- Country:Kuwait
Chaos, new opportunities – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait News
This post has been read 399 times!
The United States of America (USA), Europe and China, along with the oil countries, are currently facing different challenges. Every country has its own peculiar problem – increasing bank interest rates to address inflation, reducing income taxes for the same purpose, and stimulating demand for goods and services in China to achieve growth. On the other hand, oil producing countries are trying to protect their barrels from further decline – below $80 a barrel after peaking at above $147. Now, it seems OPEC+ is aiming for the $90 range.
Meanwhile, the International Monetary Fund (IMF) is not happy with the United Kingdom’s (UK) economic action to reduce taxes; making the value of Sterling Pounds go down against the US Dollar. This forced the UK government to sell anything to stabilize its currency, while inflation is hitting the 10 percent mark.
Select Sector 
Select Country 
