Economic trends in countries including Canada

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Global countries promote economic policies such as currency in accordance with their own circumstances. In particular, the United States will establish three additional stock exchanges. Meanwhile, the growth of the European aviation industry is stagnating. Let's take a brief look at the related content.

◎USA/Australia/Thailand

By the end of September this year, the U.S. will establish three new stock exchanges, including the Stock Exchange based in Silicon Valley. Accordingly, there are 16 U.S. stock exchanges in total, and competition with existing exchanges such as the New York Stock Exchange and Nasdaq is expected to intensify. The Australian Treasury Department expects the country's unemployment rate to exceed 13% at the end of September. Recent melbourne lighthouse

It is observed that the unemployment rate will rise to a greater extent than 9.9% in July this year, as about 500,000 people lost their jobs due to the strengthening (blockade) of movement restrictions across the city. In addition, the governor of Thailand's central bank, Santiprab-Hop, argues that coordination with the Fed's policy to change the framework of inflation targets is unnecessary. However, it is observed that the financial market may fluctuate greatly due to the new strategy of the Fed. The Thai central bank's inflation target is 1-3%.

◎Hong Kong/Singapore/Iran

The Hong Kong authorities (business and economic development officers) criticized and argued that the mandatory labeling of Chinese-made products is unnecessary and irrational for US exports. Meanwhile, the Hong Kong authorities propose a plan to mark both Hong Kong and China at the same time. The Singapore Ministry of Manpower Development has adopted an increase in the minimum wage as a condition for issuing a foreigner's work visa, strengthening the employment restrictions for foreigners. In addition, employers are obligated to publish job advertisements suitable for their own citizens. Meanwhile, the Iranian government, which has expressed its willingness to cooperate with the IAEA (International Atomic Energy Agency), accepts the International Atomic Energy Agency's investigation of nuclear facilities.

◎Italy/Belarus/aviation industry

The Italian government (Ministry of Economy) expects good economic trends in the third quarter of this year. It is analyzed that the recent economic indicators of Italy are exceeding expectations amid the corona crisis. Meanwhile, while the Belarusian protests are spreading on the largest scale, the US and European interventions have been suspended. Protesters raising questions about the presidential election process urge President Lukashenko to resign. Over 100,000 people are participating in the rally for two consecutive weeks.

Among them, the United States, Europe, and Russia are conscious of the situation in Ukraine and refrain from intervening. On the other hand, the European aviation industry has stagnated due to the reintroduction of the Corona 19 regulation in August this year. According to a travel information company, overseas air ticket sales in Europe are sluggish. This is because, as many of the population quit leaving overseas, refunds are increasing, and the restrictions on overseas departures are strengthening, which is hurting consumer sentiment.

◎Japan/Canada/South Africa

According to the Japanese Ministry of Economy, the return to the pre-Coona 19 economic level is at the end of 2021, and in the first quarter of 2022 (the next year), the economy can normalize before the Corona 19 crisis. To this end, it is emphasized that an action plan to create a new daily life will be set. The Central Bank of Canada is in the position that the Corona 19 crisis is negative against inflation expectations. In addition, the economic damage caused by Corona 19 is the central bank's price target.

Claims to be difficult to achieve. In addition, he adds that if inflation expectations are not satisfactory, the effect of lowering interest rates will reduce the effect of further monetary policy easing. Meanwhile, South Africa's growth rate (annually based) for the second quarter of this year was -40.1% compared to the previous year. This is a sharper decline than the -32.6% predicted by the Central Bank's June Annual Report this year, and is the lowest since the 1990s compared to the same period.

◎EU/Malaysia/New Zealand

The European Union (EU) side prepares sanctions for Belarus and Turkey. It is judged that there is corruption in the Belarusian presidential election process and imposes measures to freeze assets against those involved. In addition, they agree that sanctions will be imposed on Turkey for developing gas fields in the eastern Mediterranean. Meanwhile, Malaysia is considering raising the ceiling of government debt. Malaysian House of Representatives is positive for GDP (Gross Domestic Product)

A bill is passed to increase the ceiling on marital bonds from 55% to 60%. In the future, it is expected that the bill will be implemented after a Senate vote. In addition, the New Zealand government (Ministry of Finance) is conducting inter-ministerial cooperation in response to crisis management through a cyber attack on the stock market. For reference, in New Zealand, the stock market worth 204 billion New Zealand dollars was halted due to a cyber attack, and confusion continues for 4 consecutive days.

Posted Using [LeoFinance](https://leofinance.io/@kimmyhime/economic-trends-in-countries-including-canada)


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