OECD
10,838 views
5 Posts
Hot
Latest
OECD Considered 2024 as a Challenging Year!
Approaching 2024, the global economy presents a challenging and uncertain landscape. Drawing insights from the recent OECD report, let's delve into the key points shaping the economic narrative.
1. General Economic Overview: Continued Slowdown
OECD Estimate: OECD anticipates a slowdown in global economic growth, decreasing from the current year's 2.9% to 2.7% in 2024.
Challenges Ahead: Ongoing conflicts, persistent high inflation, and rising interest rates stand among the expected difficulties.
2. Regional Dynamics: Fabric of Change
đșđČ USA: Navigating Contrary Trends
Economic Slowdown: The U.S. prepares for a slowdown with the growth forecast dropping from 2.4% in 2023 to 1.5% in 2024.
Impact of Fed Policies: Repeated interest rate hikes since March 2022 echo as a constraint on the country's economic vitality.
đšđł China: Overcoming Challenges**
Slowing Growth: Economic giant China is expected to experience a moderation with growth decreasing from 5.2% in the current year to 4.7% in 2024.
Challenges Ahead: A housing crisis, increasing unemployment, and sluggish exports contribute to nuanced challenges faced by the world's second-largest economy.
đȘđș Europe: Navigating Stormy Seas
Persistent Fatigue: Eurozone copes with rising interest rates and soaring energy prices post-Russia-Ukraine invasion, contributing to global economic complexities.
Growth Forecast: The Eurozone's total growth forecast slightly surpasses the predicted 0.6% for 2023, standing at 0.9%.
3. Unforeseeable Factors: Geopolitical Tensions as a Major Threat
Geopolitical Risks: OECD issues a warning about the potential impact of geopolitical tensions, with the Israel-Hamas conflict taking the forefront. Escalation could lead to significant disruptions in energy markets and vital trade routes.
4. Reflection on Past Predictions: Navigating Uncharted Waters
OECD: 2023 growth is strong, but current economic situation moderately assessed due to tightening financial conditions and waning confidence.
#OECD #usa #China #europe
Approaching 2024, the global economy presents a challenging and uncertain landscape. Drawing insights from the recent OECD report, let's delve into the key points shaping the economic narrative.
1. General Economic Overview: Continued Slowdown
OECD Estimate: OECD anticipates a slowdown in global economic growth, decreasing from the current year's 2.9% to 2.7% in 2024.
Challenges Ahead: Ongoing conflicts, persistent high inflation, and rising interest rates stand among the expected difficulties.
2. Regional Dynamics: Fabric of Change
đșđČ USA: Navigating Contrary Trends
Economic Slowdown: The U.S. prepares for a slowdown with the growth forecast dropping from 2.4% in 2023 to 1.5% in 2024.
Impact of Fed Policies: Repeated interest rate hikes since March 2022 echo as a constraint on the country's economic vitality.
đšđł China: Overcoming Challenges**
Slowing Growth: Economic giant China is expected to experience a moderation with growth decreasing from 5.2% in the current year to 4.7% in 2024.
Challenges Ahead: A housing crisis, increasing unemployment, and sluggish exports contribute to nuanced challenges faced by the world's second-largest economy.
đȘđș Europe: Navigating Stormy Seas
Persistent Fatigue: Eurozone copes with rising interest rates and soaring energy prices post-Russia-Ukraine invasion, contributing to global economic complexities.
Growth Forecast: The Eurozone's total growth forecast slightly surpasses the predicted 0.6% for 2023, standing at 0.9%.
3. Unforeseeable Factors: Geopolitical Tensions as a Major Threat
Geopolitical Risks: OECD issues a warning about the potential impact of geopolitical tensions, with the Israel-Hamas conflict taking the forefront. Escalation could lead to significant disruptions in energy markets and vital trade routes.
4. Reflection on Past Predictions: Navigating Uncharted Waters
OECD: 2023 growth is strong, but current economic situation moderately assessed due to tightening financial conditions and waning confidence.
#OECD #usa #China #europe
đđđ Vietnam leads #DEFI in ASEAN, but trading dominated by institutional investors: #OECD
The OECD recently published a report shedding light on the expanding decentralized finance (DeFi) landscape in the Association of Southeast Asian Nations (ASEAN) region. Notably, Vietnam leads in DeFi adoption, with Thailand experiencing the swiftest growth.
However, despite promising growth, DeFi in ASEAN is predominantly driven by professional investors, with retail participation hampered by complexities and regulatory gaps. Although ASEAN nations aim for financial inclusion, over half of the region's 600 million residents remain unbanked.
Nonetheless, the region's youthful and tech-savvy population offers fertile ground for digital asset adoption.
Despite DeFi's goal of democratizing finance, ASEAN sees professional investors dominating, especially in East Asia, which boasts the highest institutional activity in DeFi worldwide.
Challenges like complexity, regulatory uncertainty, provision of non-compliant services, and non-custodial setups hinder retail involvement, as highlighted by both the OECD report and a paper by the Bank for International Settlements (BIS).
While more user-friendly DeFi platforms have emerged, they often lack transparency and offer overly complex and leveraged trading strategies for retail traders.
The OECD recommends regulatory intervention to encourage retail participation in DeFi. Moreover, traditional financial institutions could leverage DeFi in areas like atomic securities settlement.
Tokenization in DeFi presents cost savings, fractionalization benefits, and capital formation opportunities through DLT. The report follows an OECD-ASEAN forum in Seoul, where officials discussed digital asset regulation and emerging trends. South Korea's FSC Vice Chair emphasized the need for regulatory frameworks to manage risks and protect consumers.
Source - coingeek.com
#CryptoNewsđđ°đ« #BinanceSquareTalks
The OECD recently published a report shedding light on the expanding decentralized finance (DeFi) landscape in the Association of Southeast Asian Nations (ASEAN) region. Notably, Vietnam leads in DeFi adoption, with Thailand experiencing the swiftest growth.
However, despite promising growth, DeFi in ASEAN is predominantly driven by professional investors, with retail participation hampered by complexities and regulatory gaps. Although ASEAN nations aim for financial inclusion, over half of the region's 600 million residents remain unbanked.
Nonetheless, the region's youthful and tech-savvy population offers fertile ground for digital asset adoption.
Despite DeFi's goal of democratizing finance, ASEAN sees professional investors dominating, especially in East Asia, which boasts the highest institutional activity in DeFi worldwide.
Challenges like complexity, regulatory uncertainty, provision of non-compliant services, and non-custodial setups hinder retail involvement, as highlighted by both the OECD report and a paper by the Bank for International Settlements (BIS).
While more user-friendly DeFi platforms have emerged, they often lack transparency and offer overly complex and leveraged trading strategies for retail traders.
The OECD recommends regulatory intervention to encourage retail participation in DeFi. Moreover, traditional financial institutions could leverage DeFi in areas like atomic securities settlement.
Tokenization in DeFi presents cost savings, fractionalization benefits, and capital formation opportunities through DLT. The report follows an OECD-ASEAN forum in Seoul, where officials discussed digital asset regulation and emerging trends. South Korea's FSC Vice Chair emphasized the need for regulatory frameworks to manage risks and protect consumers.
Source - coingeek.com
#CryptoNewsđđ°đ« #BinanceSquareTalks
Food Inflation (%) âšïž
TĂŒrkiyeđčđ·: 71.1
Icelandđźđž: 7.5
Koreađ°đ·: 6.9
GreeceđŹđ·: 6.7
Israelđźđ±: 5.9
Chileđšđ±: 5.7
SpainđȘđž: 5.3
JapanđŻđ”: 5.2
MexicođČđœ: 5.1
UKđŹđ§: 5.0
Italyđźđč: 3.9
Franceđ«đ·: 3.5
EUđȘđș: 3.0
CanadađšđŠ: 2.4
ColombiađšđŽ: 1.9
Germanyđ©đȘ: 1.6
USđșđž: 1.0
CRđšđ·: -3.7
Czechiađšđż: -4.8
Source : OECD
#OECD #inflation #bitcoinhalving #BullorBear
TĂŒrkiyeđčđ·: 71.1
Icelandđźđž: 7.5
Koreađ°đ·: 6.9
GreeceđŹđ·: 6.7
Israelđźđ±: 5.9
Chileđšđ±: 5.7
SpainđȘđž: 5.3
JapanđŻđ”: 5.2
MexicođČđœ: 5.1
UKđŹđ§: 5.0
Italyđźđč: 3.9
Franceđ«đ·: 3.5
EUđȘđș: 3.0
CanadađšđŠ: 2.4
ColombiađšđŽ: 1.9
Germanyđ©đȘ: 1.6
USđșđž: 1.0
CRđšđ·: -3.7
Czechiađšđż: -4.8
Source : OECD
#OECD #inflation #bitcoinhalving #BullorBear
