Real-Time Global Updates
Did you know more than 60% of global currency reserves are in US dollars? This fact shows the dollar’s leading role in world trade and finance. Yet, things are changing. Emerging economies are pushing to move away from the dollar. They are looking for other options because of their economic needs and global goals. This…
A big change is happening in global finance, known as de-dollarization. It’s becoming more popular around the world. Brad W. Setser found that central banks’ needs for US Treasuries affect US bond yields. This shows a big change in the financial world. This $500 billion change is more than just a number. It’s a big…
Global trade volumes fell by 5% from 2019 to 2023. This is the biggest drop seen in 15 years. It shows a big change in the world economy. BRICS countries—Brazil, Russia, India, China, and South Africa—are now home to 40% of the world’s people. They also make up 25% of the global GDP. This means…
