World Economic Outlook · April 2024
According to the International Monetary Fund (IMF), global growth is projected at 3.2% in 2024, with regional differences. A slight increase is expected in advanced economies and a slowdown in emerging and developing economies. Global inflation is projected to decline.
4 April 2024
Mexico achieves record exports to the US: 78.287 billion dollars in the first two months of the year
During the first two months of the year, Mexico strengthened its position as the United States’ main trading partner by reaching a record number of exports. Mexico’s shipments to the United States between January and February were worth 78.287 billion dollars, an increase of 7.7% over the 72.669 billion dollars accumulated in the same period of the previous year, according to data published on Thursday by the US Census Bureau.
10 April 2024
World merchandise trade could start to recover in 2024 according to the WTO
The World Trade Organization (WTO) indicates an upward trend in world merchandise trade for the first quarter of 2024, with prospects for a moderate increase after a lacklustre performance in 2023. There is a downside risk due to geopolitical tensions.
12 April 2024
Euro falls to November lows on diverging ECB-Fed outlook
The euro is down 1% against the dollar to 1.063 to the dollar. This is the lowest since early November 2023, since the European Central Bank decided to pause interest rates again and cleared the way for a first rate cut in June.
22 April 2024
Underestimated threats to the global financial system
High government debt and the current environment of weak economic growth can disrupt markets and make them dependent on central banks. These threats are: the share of global financial assets held by non-bank financial institutions, which have risen from 25% in 2008 to 47.2% in 2022; the fact that more than 30,000 companies have delisted since 2005; and the increase in debt in advanced economies, which has risen from 110% of GDP in the 1950s to 278% in 2022.
24 April 2024
The diamond market is showing serious fractures due to synthetics
The price of natural diamonds has plummeted 26% in recent years in the face of the growing popularity of cheaper lab-grown diamonds (LGD). What is surprising is that as LGDs have gained market share, their prices have fallen by about 15%.
25 April 2024
Quantitative Hedge funds start 2024 with a bang
Hedge funds betting on financial market trends are making large profits, thanks to their bets on the rise in cocoa prices and the fall in the Japanese yen. According to Société Générale, these funds are said to have gained around 12%.
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In Madrid, 30 April 2024
International Trade and Sanctions Department
