world economic news

Economic News Daily – Monday 25/04/2022

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WORLD

‘New world (monetary) order’: Putin’s war splits the global economy, writes Tom Rees on Monday (Apr. 25) at Sydney Morning Herald. “After 75 years of dollar dominance, the world risks splintering into rival blocs led by the US and China.”

US, CHINA, INDIA, UK, RUSSIA

Total global military expenditure increased by 0.7 per cent in real terms in 2021, to reach $2113 billion. The five largest spenders in 2021 were the United States, China, India, the United Kingdom and Russia, together accounting for 62 per cent of expenditure, according to new data on global military spending published today by the Stockholm International Peace Research Institute (SIPRI).

POLAND

Polish retail sales increased by 9.6% y-o-y at constant prices in March, the statistics office GUS said. The growth rate picked up versus a gain of 8.1% y-o-y the preceding month. Six out of eight main retail segments posted y-o-y turnover gains at constant prices last month.

GERMANY

Germnay’s business climate improved in April, IFO said on Monday.

THAILAND

Domestic car sales in Thailand in March grew 9.1% from a year earlier to 87,245 units, helped by improved economic activity, according to the Federation of Thai Industries (FTI). Thailand is a regional vehicle production and export base for the world’s top carmakers, including Toyota, Honda and Mitsubishi.