Prashant Rao
28 article(s) here · 1 carrying a prediction
🔮 Surging exports are set to drive GDP growth in Malaysia, South Korea, Taiwan, and Vietnam, while Seoul’s and Taipei’s burgeoning tax receipts — thanks to fast-rising corporate profits — are driving government spending, Goldman Sachs economists noted.
🔮 Analysts voiced skepticism that the US and China would agree on AI regulation — or, indeed, any broad-ranging détente during next week’s leaders’ summit.
🔮 Defense officials, meanwhile, fret that a party seen as favorable to the Kremlin could have greater sway in a country that is fast rearming and is the largest single donor to Ukraine.
🔮 Goldman Sachs raised its oil-price forecast, “reflecting our new assumption that Mideast shipping disruptions continue into 2027.”
🔮 China’s trade growth accelerated last month, but data showing imports fell short of analysts’ expectations will likely add to calls for Beijing to rebalance its economy ahead of a high-stakes leaders summit with the US this month.
🔮 “Every time we take a deep dive into this sector,” analysts at S&P Global Ratings wrote last week, “we find that capex is rising faster than we anticipated, financings are becoming more complicated and less transparent, and that returns on investment will take years to realize.”
🔮 That cooperation looks set to grow with Canada’s prime minister due to address the European Parliament next week.
🔮 Authorities have shown little interest in such fiscal stimulus, however, insisting instead that a long-term shift to high-tech sectors will power the economy.
🔮 Growing calls for AI regulation looked set to dominate the days ahead as Washington took up the issue and frontier labs mulled proposing their own watchdog.
🔮 Russia’s president landed in India for a BRICS summit that looks set to underline a broader reordering of global alliances.
More on this subject from Prashant Rao
The Aporia
