August 29, 2023/Oilprice.com Tom Kool Editor, Oilprice.com Oil prices continue to trade sideways this week, with supply shocks being counteracted by continued macroeconomic pessimism. Chart of the Week – China has at last issued product export quotas that would enable Chinese refiners to ship their surplus barrels overseas, with state-owned […]

(Credit: AvigatorPhotographer/Getty Images) By IMFBlog In a shock-prone world, economies must be more resilient—individually and collectively. Cooperation is critical, but greater protectionism could lead to fragmentation, and even split nations into rival blocs just as fresh shocks expose the global economy’s fragility. While estimates of the cost of fragmentation vary, […]

Photo Credit: Julia/Adobe Stock August 28, 2023/IMFBlog Inflation has remained stubbornly high, exceeding central banks’ targets in most Caucasus and Central Asia (CCA) countries. Inflation rates are volatile, due to the large share of food and imported products in the consumption basket. The surge in the price of these products […]