UK GDP Fell 0.3% in August, Sparking Fears Of A Global Recession! U.S. CPI Rose in September!

Oct 14, 2022 Leave a message

Recently, the successive declines in the GDP of the United Kingdom and the United States have sparked fears of a global recession! The leading US investment research house now sees a 98% chance of a global recession, triggering a "severe" recession signal. Judging from our overall economic data in China, it still maintains a good growth trend! Made in China, built in China, made in China, created in China, all of these Chinese business cards are resounding around the world at the speed of China. What directions do we need to pay attention to in the future?


1. UK GDP fell 0.3% in August, sparking recession fears!

According to data released by the Office for National Statistics on the 12th, the UK's gross domestic product (GDP) fell by 0.3% month-on-month in August, and the manufacturing and service industries declined. The International Monetary Fund warned on the 11th that the British economy may decline sharply in 2023. Coincidentally, the final revised data released by the U.S. Department of Commerce earlier showed that the U.S. real gross domestic product (GDP) in the second quarter of 2022 fell by 0.6% at an annual rate, in line with market expectations, and this data was the second consecutive U.S. GDP. shrinking for the quarter.


The decline in GDP of many countries has triggered a wave of global recession fears! NDR (Ned Davis Research), a leading US investment research institution, currently sees a 98% chance of a global recession, triggering a "severe" recession signal. The World Bank issues a warning: the world may be heading for a global recession in 2023! Tesla CEO Musk once issued a prediction: "Spring or summer 2022, no later than 2023, the next financial crisis is coming!" Huawei's internal website published an article by Ren Zhengfei entitled "The whole company's business policy The article "From the pursuit of scale to the pursuit of profit and cash flow" caused a huge sensation both inside and outside the industry, and the stock market continued to "float green". You need to keep an ideal attitude towards the future.


Second, these three major areas are worth noting in the future!

1. The field of science and technology - Metaverse

The concept of metaverse comes from Facebook’s official renaming of Meta in 2021, and the rise of this concept will surely drive a series of surrounding industries. As we all know, the concept of VR/AR has emerged very early, but it has been tepid. The general reason should be that, after all, the conversion of parallel worlds requires more builders, software, technology, services, security, content, peripherals and other factors All within this scope, how to become the next explosion point of global e-commerce is a headache for many manufacturers. With the entry of Byte, Apple, and FB, I believe there will be more breakthroughs!


2. Environmental protection field - new energy, carbon neutrality

In recent years, topics such as new energy and environmental protection have been hot topics of discussion, driving a number of new energy industries. The most familiar one is Tesla. In addition to the stock market, there is also a carbon neutral trading market. Energy saving and emission reduction will become a national priority. Key support objects. In addition to the electricity industry, you can also learn about hydrogen energy and other industries.


3. Sales field - cross-border e-commerce

In recent years, domestic e-commerce giants have all started overseas deployments! Pinduoduo cross-border platform Temu will be launched in September this year! The old-fashioned Alibaba International Station and AliExpress have been online for many years, and Tiktok has already been deeply involved in overseas! The most eye-catching this year is the one known as the "troika" of emerging foreign trade platforms in 2022: Tiktok, SHEIN and FOBGOODS, forming emerging representatives of B2C, independent stations and B2B. It is worth noting that the data shows that in the transaction model of China's cross-border e-commerce in 2021, the cross-border B2B transaction volume will account for nearly 80%! Under the new development pattern of "dual circulation", cross-border B2B is expected to become a strong growth point of China's foreign trade. It is expected that the compound growth rate of China's cross-border export B2B e-commerce market will reach 28.3% in 2020-2025, and the transaction volume will reach 28.3% by 2025. 4.7 trillion yuan!


3. The US CPI in September rose 8.2% year-on-year!

The U.S. Department of Labor released data on the 13th that the U.S. consumer price index (CPI) rose 0.4% month-on-month in September and 8.2% year-on-year. Higher prices for housing, health care, new cars and education were the main factors behind U.S. price increases in September, data showed. The gasoline price index fell 4.9% month-on-month, but it was still not enough to offset the general price increase. "Washington Post" pointed out that the core CPI data remained high, indicating that inflation has become entrenched in the US economy and will be more difficult to eradicate.