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Politico.eu.com | The delayed impact of the EU's wartime sanctions on Russia, 3 Feb "visualization"
...The main reason behind this? Energy dependency on Russia and skyrocketing energy prices. But that's not the whole story: Some EU countries were much quicker than others to reduce trade flows with Moscow -- and others were still increasing them at the end of last year....
psychotic break with ROW "impersonating" the IMF

"World Economic Outlook" Jan 2023 overview and full report pdf (11 pp)

For advanced economies, growth is projected to decline sharply from 2.7 percent in 2022 to 1.2 percent in 2023 before rising to 1.4 percent in 2024, with a downward revision of 0.2 percentage point for 2024. About 90 percent [?!] of advanced economies are projected to see a decline in growth in 2023.
For emerging market and developing economies, growth is projected to rise modestly, from 3.9 percent in 2022 to 4.0 percent in 2023 and 4.2 percent in 2024, with an upward revision of 0.3 percentage point for 2023 and a downward revision of 0.1 percentage point for 2024. About half of emerging market and developing economies have lower growth in 2023 than in 2022.
Growth in China [!] is projected to rise to 5.2 percent in 2023, reflecting rapidly improving mobility, and to fall to 4.5 percent in 2024 before settling at below 4 percent over the medium term amid declining business dynamism and slow progress on structural reforms. Growth in India [!] is set to decline from 6.8 percent in 2022 to 6.1 percent in 2023 before picking up to 6.8 percent in 2024, with resilient domestic demand despite ["]external headwinds["].
"Foreign Information Manipulation and Interference threats"
Growth in ["]emerging and developing Europe["] is projected to have bottomed out in 2022 at 0.7 percent and, since the October forecast, has been revised up for 2023 by 0.9 percentage point to 1.5 percent. This reflects a smaller economic contraction in Russia in 2022 (estimated at -2.2 percent compared with a predicted -3.4 percent) followed by modestly positive growth in 2023. At the current oil price cap level of the Group of Seven [alias Price Cap Coalition], Russian crude oil export volumes are not expected to be significantly affected, with Russian trade continuing to be redirected from sanctioning to non-sanctioning countries.
[pp 4-5]
never accepts failure
SHADOWSTATS DAILY UPDATE -- February 6th to 7th, 6 Feb for net importers
...On the Monetary front, it is the bloated Money Supply and gasoline price disruptions that are driving or impacting high inflation, at present, not an overheating economy. Ongoing FOMC rate hikes to "reduce inflation," remain counterproductive in the context of an already deepening Economic Recession and resurgent gasoline prices: January 2023 Gasoline Prices just jumped 12.2% in the month, while December 2022 Real Construction Spending plunged ever deeper into a headline Recession, amidst a record annual-average plunge of 7.6% (-7.6%) in 2022. -- PENDING COVERAGE: The December 2022 Real Merchandise Trade Deficit (Tuesday, February 7th)....

by Cat on Tue Feb 7th, 2023 at 03:01:58 PM EST
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