Igor Kuchma

Even before the coronavirus pandemic, several credit rating agencies pointed out the severity of China’s corporate debt problem. In particular, at the end of 2019, Fitch noted that Chinese companies set a record for the number of yuan-denominated bond defaults. The share of issuers that announced their inability to pay off debts amounted to 4.9%, […]

As the global economy continues to recover from the catastrophic consequences of the coronavirus, the jewelry market sees a surge in demand all over the world. Thanks to a shortage of supply, travel restrictions, anti-smuggling, and anti-money laundering initiatives initiated by the Chinese government, in the first 6 months of 2021, diamond transactions on the […]

Without any doubt, an increase in cases of Delta strain of coronavirus has played an important role in investors’ sentiment. Despite the fact that it is very unlikely that we will see full lockdowns and stay-at-home orders, the market is clearly scared that a worsening of the epidemiological situation could negatively affect countries’ recovery. The […]

Last week, Walmart, the largest supermarket chain in the United States, announced its plans to launch a budget version of insulin. This way, the company is trying to provide the vitally important drug to the millions of Americans who do not have health insurance or cannot afford current prices. Over the last decade, the cost […]

What role does the tourism industry play in the eurozone economy? Over the past few decades, the role of the tourism sector in the economic development of Europe has grown several times. According to a UN study, in some countries, the share of this sector in GDP can be more than 20 percent, and in […]

One of the promises of the electoral campaign of the former US president was progress in the construction of the ‘wall’ with Mexico. With this, Donald Trump sought to solve the migration crisis that plagued the world’s largest economy. He even claimed that it would be his neighbor who would be responsible for paying the […]

Despite a 5% year-on-year rise in the US CPI to a 13-year high, the major US indices ended the week reaching new all-time highs. The question then arises, why? On the one hand, it seems that the Fed managed to persuade the public that a spike in inflation is a transitory effect, caused by the […]

Except for inflation and a potential nuclear deal between Iran and the United States, negotiations on an infrastructure package have been the main topic of recent weeks. Despite the stubbornness of the Republicans, Joe Biden has not yet abandoned a plan to secure disbursement of up to $ 1.7 trillion. In return, the President proposed […]

Yesterday, the organization for economic cooperation and development updated its prospects for the world economy, suggesting that recovery is gaining momentum and will continue to accelerate in the second half of the year. It now forecasts global GDP to grow around 5.8 % in 2021 (compared with 4.2% projected in December) and at 4.4% in […]

The stock market is an amazing place where some can manage to lose money when the market rises or make money when it falls on the contrary. It would seem that the world economy is recovering from the horrific consequences of the coronavirus and will continue to get better, but in reality, everything is a […]