The China’s economy is the world’s second-largest by nominal GDP and the largest by purchasing power parity (PPP). It is the world’s largest exporter and the second-largest importer of goods. China is also the world’s largest manufacturer and the world’s largest market for many commodities. The Chinese economy has been growing rapidly for decades, and…
The Federal Reserve’s latest meeting of the Federal Open Market Committee (FOMC) was held on February 23rd, 2023. The main topic of discussion was whether or not to raise interest rates by 25 basis points, with almost all participants agreeing that it would be appropriate to do so. While participants noted that inflation had eased…
The global economic outlook in 2023 is a mixed bag, with some countries and regions facing significant challenges while others are poised for growth and stability. Factors such as energy prices, geopolitical risks, domestic policies, and global trade dynamics will continue to shape economic trends and prospects in the years ahead. The economic landscape in…
Cash and cash equivalents refer to the most liquid assets that can be readily converted into cash. These assets include physical currency, coins, money market securities, and other short-term investments that are highly liquid and easily convertible into cash.