Global Economic Monitor 220330

(Introduction)

[Markets]

•   Global: Shares rally, oil drops after 'encouraging' Russia-Ukraine talks

※   Shares head higher as Russia and Ukraine talk in Turkey

※   Bond markets continue to flag recession fears

※   German and French consumer confidence drops

※   Yen tries to steady, but heading for worst month since 2016

※   Russia signals it will default, by paying $ bond in roubles

•   Metals: Aluminium falls as Russia pledges to cut military activity in Ukraine

•   Grains: Wheat, corn fall as Ukraine-Russia talks boost ceasefire hopes

•   한국: 코스피, 우크라 협상 기대감에 2,740대 회복…기관 순매수

•   한국: 국채금리 급등세 진정…10·20년물 2%대 복귀

[Indicators]

•   US Jan. Job openings: Job Openings Ease Slightly From Record Highs

※   WSJ: It Will Take a While for Hiring to Get Ground Down

•   US Jan. Case–Shiller home price: Home-Price Growth Accelerated in January

•   US Mar. Consumer confidence: U.S. Consumer Confidence Rebounds Slightly on Firm Job Market

•   Japan Feb. Employment: Japan's Feb. jobless rate falls as job seekers stay on sidelines

•   Argentina Jan. Economic activity: Argentina’s Economy Shrank in January After Strong Finish to 2021

•   한국 4월 BSI 전망치(전경련): "4월 기업경기 전망 다시 '부정적'…러 우크라 침공사태 영향"

[News]

•   WSJ: Ukraine Proposes Neutral Status With Guarantees, and Zelensky Seeks More Western Help

※   Cease-fire talks advanced as deadly Russian strikes continued and Ukrainian forces pushed back Moscow’s troops near Kyiv

•   WSJ: Roman Abramovich Makes Public Debut in Russia-Ukraine Peace Talks

•   WSJ: Russia Built Parallel Payments System That Escaped Western Sanctions

•   WSJ: U.S. Targets Oligarchs’ Hidden Assets, Russian Military Supply Lines

•   WSJ: European Countries Expel Dozens of Russian Officials

•   WSJ: Biden’s Budget Would Reshape His International Tax Plan to Match Global Deal

•   WSJ: Second Covid-19 Booster Shot Endorsed by FDA, CDC for Adults 50 and Older

•   WSJ: Omicron BA.2 Variant Is Dominant Covid-19 Strain in U.S., CDC Estimates

•   WSJ: Fed’s Harker Worried About High Inflation, Open to Big Rate Increases

•   WSJ: Saudis, U.A.E. Rebuff Calls to Sever Russian Oil Alliance

•   WSJ: As Trade With Russia Halts, Countries Turn to Canada

•   WSJ: Dollar’s Strength Defied in Latin America

•   WSJ: Mortgage Firms’ Antidote to Rising Rates

•   WSJ: Inflation, Shortages Push Americans to Switch Brands More Than Ever

•   WSJ: Business, Highway Lobbies Fight Gas-Tax Holidays

•   NYT: A Brutal Russian Playbook Reapplied in Ukraine

•   NYT: Peace Talks May Be Little More Than Russian Tactics, Analysts Say

•   NYT: The War Is Reshaping How Europe Spends

•   NYT: Germany, urged to ‘stop Putin’s war machine,’ resists embargo on Russian energy

•   WP: In India, a U.S. partner, Modi’s base is inundated with anti-U.S. commentary on Ukraine

•   WP: Ukraine invasion could spell end to Russian hopes for Sputnik vaccine

•   FT: EU and Russia in stand-off over rouble payments for gas

※   Failure to revise supply contracts could halt the flow of fuel to Europe

•   FT: ‘Don’t confuse patriotism and Nazism’: Ukraine’s Azov forces face scrutiny

•   FT: Can US natural gas relieve Europe from Russian supply dependency?

•   FT: UK explores fourth delay to imposing checks on EU imports

•   FT: UK house prices to continue to outpace inflation, says Bellway

•   FT: How did the most serious legal case against Donald Trump unravel?

•   FT: Corporate US broadens pay rises in face of galloping inflation

•   FT: US environment agency chief defends push for greater oil supply

•   FT: Ukraine war will increase poverty in developing economies, warns World Bank

•   FT: Taiwan’s leader to emulate Zelensky in case of China conflict

•   FT: Spain approves ‘shock plan’ to limit economic fallout from Ukraine war

•   FT: Bolsonaro and Lula eye running mates for Brazil election

•   FT: Bolsonaro to replace Petrobras chief as fuel prices soar

•   Bloomberg: Biden on Possible Russian Pullback: 'We'll See'

•   Bloomberg: Global Supply Lines Brace for ‘Menacing’ Economic Storm to Widen

•   Bloomberg: Inflation Named as Top U.S. Problem by Most Americans Since 1985

•   Bloomberg: Fed Pivots Toward Jumbo Hikes After Being Slammed as Too Slow

•   Bloomberg: Fed Nominee Lisa Cook a Step Closer to Senate Confirmation

•   Bloomberg: What the Two- and 10-Year Inversion Signals for Economy

•   Bloomberg: ECB’s Holzmann Eyes Two Hikes This Year to Boost Policy Room

•   Bloomberg: ECB Should Hike Now, Former Bundesbank Chief Weber Says

•   Bloomberg: Italy’s Factories Feel the Economic Shocks of Ukraine War

•   Bloomberg: Goldman Sees Ukraine as Turning Point for European Energy

•   Bloomberg: China Lockdowns Cost at Least $46 Billion a Month, Academic Says

※   CUHK economist says impact could double with stricter controls

•   Bloomberg: China Is Systemic Rival Threatening German Economy, Lindner Says

•   Bloomberg: China Shadow Banks Snap Up Property to Rescue Own Investments

•   Bloomberg: China Crackdowns Shrink Private Sector’s Slice of Big Business

•   Bloomberg: Xi Battles Distrust by Global Investors Burned in China Before

•   Bloomberg: China Corporate Borrowing Slumps as Rates Spike, Beige Book Says

•   Bloomberg: Vietnam Sees GDP Growth Accelerating on Vaccines, Manufacturing

•   Bloomberg: BofA Warns Stock Surge Is Bear-Market Trap With Curve Inverted

•   Bloomberg: Japan Faces Down Market Testing Limits of Yield Curve Control

•   Bloomberg: Saudis May Hike Oil Price to Record as War Reroutes Flows

•   Bloomberg: Micron (MU) Earnings Give Rosy Forecast in Sign of Strong Data-Center Demand

•   Reuters: U.S. official warns any Russian troop movement 'not a withdrawal'

•   Reuters: In villages near Kyiv, how Ukraine has kept Russia's army at bay

•   Reuters: Russia says it has fully paid $102 million coupon on 2035 Eurobond

•   Reuters: IAEA chief makes unannounced visit to Ukraine to launch safety assistance

•   Reuters: U.S. to consider tariffs on solar panels made in Southeast Asia

•   Reuters: EXCLUSIVE ECB ready to set up money exchange for Ukrainian refugees with EU guarantee

•   Reuters: Explainer: Why are Shanghai's COVID infections nearly all asymptomatic?

•   Reuters: Analysis: U.S. Treasuries yield curve flashes red to investors

•   Reuters: Analysis: As sanctions 'weaponize' U.S. dollar, some Treasury buyers could fall back

•   AP: EXPLAINER: What would paying for natural gas in rubles mean?

•   CNN: Why high inflation can become a self-fulfilling prophecy

•   CNBC: The invasion of Ukraine has serious, unintended consequences for Russia. Here are just 5 of them

•   CNBC: Russia’s invasion has made energy security a hot topic. The U.S. thinks hydrogen could be the answer

•   CNBC: Saudi energy minister says oil alliance OPEC+ will leave politics out of output decisions

•   CNBC: UAE energy minister warns of poverty and economic stagnation if energy affordability isn’t tackled

•   MarketWatch: S&P 500 exits correction: Here’s what history says happens next to U.S. stock-market benchmark

•   SCMP: China asks German businesses to help it get in good with the European Union

•   SCMP: Ukraine war: US spells out sanctions on Russia, heaping more pressure on China to comply

•   Caixin: China Doles Out Support for Businesses Amid Worst Covid Outbreak Since 2020

•   Nikkei Asia: Yen at risk of downward spiral fueled by trade deficit, BOJ easing

•   Nikkei Asia: Japan, U.S. to communicate closely on forex issues after yen slides

•   Nikkei Asia: Kishida tells ministers to craft economic package as prices soar

•   매경(P1): [단독] 사라진 '뉴딜'…올 예산안에 28번, 내년 0번

※   기재부: 2023년도 예산안 편성지침 및 기금운용계획안 작성지침

•   매경: 尹정부 고강도 '재정 구조조정'…성과 낮은 정책예산 50% 삭감

•   매경: 올해 세금 감면 59조 사상최대라지만…

•   매경: "국채찍어 돈 풀어봤자 경기부양 효과 작아"

•   매경(P1): [단독] 文이 직접 챙겼던 일자리위원회, 결국 폐지 검토

•   매경: 7월 역대급 전세대란 온다…인수위가 내건 해결책은

•   매경: 주담대 금리 6% 돌파…"대출 풀리면 뭐하나" 대출 대기자 패닉

•   매경: 불거진 불통 논란…尹인수위 약점 3가지

•   매경: [단독] 尹 '구글 정부' 구상…행안부 아닌 과기부가 맡는다

•   매경: [단독] 국가 부채는 매년 치솟는데 재정전망은 5년마다 하라니

•   매경: 이창용 "물가·경기 파장 가늠하기 어려운 상황"

•   한경(P1): 문 대통령-윤석열 대통령 당선인, 이번엔 전기료 인상 떠넘기기

•   한경: 생색내는 건 "내가" 껄끄러운 건 "네가"…文-尹 기싸움

•   한경: 엔화 가치, 6년여 만에 최저치 추락…한국 수출기업 '비상'

•   한경: "쌀 때 사두자"…'0%대 이자율'에도 사상 최대 규모로 불었다

•   한경: 추경 35조냐, 20조 안팎이냐…인수위·기재부 세부조율 주목

•   한경: [단독] '尹 지역 SOC 공약' 구조조정 착수…"효율성 떨어지면 과감히 배제"

•   한경: [단독] 美 '통상조직 외교부 이관'에 사실상 반대

•   한경: 서울 부동산 '거래절벽 쇼크'…통계후 첫 月거래액 1000건 밑돌아

•   한경: "퇴직공무원 10명 중 8명 민간·공기업行"

•   한경: "삼성도 훌륭하지만…" 엔비디아, 결국 TSMC 선택한 이유 [실리콘밸리 나우]

•   서경(P1): [단독] 대기업 반도체 세액공제 6%서 20%로 확 늘린다

•   서경: [단독] 尹 인수위 "반도체 컨틴전시플랜 가동"…정부 등업은 인텔·TSMC에 맞선다

•   서경: 美·EU, 입법 통해 123조 쏟는데…韓은 반도체특별법 '생색'만

•   서경(P1): 기업 없이 國富 없다…'야성적 충동' 일깨워라

•   서경: 미래차 매년 4600명 필요한데 일손 1100명…이대론 인재 다 떠날판

•   서경: "투자비용 부족…2030 온실가스 40% 감축은 비현실적"

•   서경: 중대재해법·3%룰…멈춰서는 경영 시계

•   서경: 韓 자율주행 기술 20위권내 '0'…데이터 규제 확 풀어야

•   서경: '그린 수소'만으로는 미래 수요 충당 못해…'퍼플·블루'도 육성을

•   서경: [단독]여가부·교육부 이어…중기부도 대수술 위기

•   서경: ‘상하이 봉쇄’ 장기화 땐 韓 진출 기업 부품·물류 대란 우려

•   서경: 자율조정 난항…대기업 중고차 진출 삐걱

•   조선: 11년만에 최고 물가 예고… 새 정부 경제정책 ‘빨간불’

•   조선: 발전4社 사장 사퇴 종용 의혹받는 산업부 국장… 靑의 원전 폐쇄 무리수엔 “못해먹겠다” 반발

•   조선: 사장 연봉이 직원 평균의 190배인 회사… 이유 봤더니

•   조선: “文정부 고용률 높인 유일한 우군은 저출산”

•   조선: 상의·경총에 전경련도 합세… “우리가 경제계 맏형”

•   조선비즈: 한은 “30% 뛴 건설자재…건설경기 회복 제약”

•   조선비즈: 韓, 제철소·발전소서 포집한 이산화탄소 수출한다

•   조선비즈: 올해 중·대형 아파트 입주 비중 역대 최저…전체 물량의 6%

•   조선비즈: OLED TV 인기에 패널 증설 고심하는 LGD·삼성D… “대규모 투자 부담”

•   조선비즈: “세계 에너지 시장 흐름 못 읽은 푸틴, 22년 경제성과 물거품”

•   인베스트조선: 상속세發 블록딜 마무리한 삼성家…그룹 주가는 계열사별 '제각각'

•   중앙(P1): [단독]여성가족부→미래가족부…총리 '경제 중심 5인' 검토

•   중앙: ‘상장폐지’ 외통수 몰린 쌍용차

•   중앙: ‘ESG 공동펀드 만들자’ 통신3사 뭉친 이유

•   중앙: 두번 접는 폴더블폰, 돌돌 마는 롤러블폰 나오나

•   동아(P1): [단독]월세 비중 40% 넘어… 인상률은 전세의 3배

•   동아(P1): [단독]한덕수-김한길 등 3명, 총리후보 압축… 安 “총리 안 할것”

•   동아: 120조 반도체단지, 모호한 법령에 발목… 3년째 첫 삽도 못떴다

•   동아: 인수위 “유가 대책 시급”… 기재부, 유류세 인하폭 확대 검토

•   한국: 허울뿐인 사회적 거리두기... "오미크론 '긴 꼬리' 남았는데 어쩌나"

•   한국: 4월 최저임금위 가동 …. 윤석열표 ‘최저임금 차등 적용’ 현실화될까

•   국민(P1): 한의원·피부과도 확진자 치료… 속도 붙는 ‘엔데믹화’

•   국민: [단독] 고탄소 배출 기업, 대출 받기 어려워진다

•   경향(P1): ILO, ‘산업안전보건’ 노동기본권 선언 추진

•   머니투데이(P1): "기업 이해하는 쪽이 해야"...'외교통상' 걱정하는 기업들

•   머니투데이: "상공부→외교부→산업부"...70년째 떠도는 통상본부

•   머니투데이: "수출로 먹고사는 日·獨은 산업통상하더라"...우리나라는?

•   머니투데이: "외교통상부 부활?"…기업들이 외교관 스카웃하는 이유

•   머니투데이: [단독]"집주인 호가=집값?"..인수위, 부동산 통계 들여다본다

•   헤럴드경제(P1): 대전-세종 경제자유구역 지정 검토

•   파이낸셜뉴스(P1): [단독]새정부, 부총리급 '국가균형원' 신설

•   파이낸셜뉴스: 기업 72% "올해 채용계획 있다"… 수시채용이 60%

•   파이낸셜뉴스: 글로벌 신규 프로젝트 감소… 해외건설 수주 '빨간불' [건설업계 원자재대란 직격탄]

•   파이낸셜뉴스: ‘재택근무 시대’ 저무나... 기관·기업들 회사 복귀

•   파이낸셜뉴스: "D램 가격 2분기 최대 5% 하락… 공급과잉 지속"

•   아시아경제: [전기차 공회전 韓] 치고나가는 中…글로벌 격전지 떠올랐다

•   아시아경제: [전기차 공회전 韓]"배터리, 리쇼어링 아니라 美 뛰어들 때"

•   아시아경제: 삼성-LG 동맹 임박…LG디스플레이 OLED 탑재 삼성TV 나오나

•   디지털타임스(P1): 대출족쇄 찬 `서글픈 직장인`… 1인당 평균 4862만원 빌렸다

•   디지털타임스(P1): 인수위 "임대차3법, 민주당 설득 단계적 법 개정"

•   이데일리(P1): [단독]1~2인가구 주거안정 위해 ‘도시형생활주택’ 규제 없앤다

•   연합: 오후 9시까지 전국서 41만4168명 확진…어제보다 8만여명 증가

•   연합: 지난달 일용직 14만9천명 감소…50대 남성 직격타

•   e대한경제: [단독] 시멘트 재고량 결국 바닥...건설현장 '셧다운' 공포

•   전자신문(P1): 지난해 가전시장 '반토막'...올해도 5% 성장에 그쳐

•   전자신문: [스페셜리포트]184兆 '배터리 소부장 전쟁' 불붙었다

•   전자신문: [스페셜리포트]소부장 기업, 신규 사업 '인력 확보' 총력전

•   전자신문: 에너지업계 "尹 정부, 원전·LNG·수소 에너지 균형 잡아야"

[Opinions]

•   Project Syndicate(Nina L. Khrushcheva): Nina L. Khrushcheva Says More…

•   Project Syndicate(Jean Pisani-Ferry): Crunch Time for Europe's Economic Sanctions

•   Project Syndicate(Kaushik Basu): The New Art of Economic Warfare

•   Project Syndicate(Helen Clark, Dan Smith, Margot Wallström): Replace Russian Oil and Gas with Renewables

•   Project Syndicate(Aryeh Neier): Russians’ Collective Responsibility for Putin’s War

•   FT(Editorial Board): China’s zero-Covid goal is no longer sustainable

•   FT(Martin Wolf): A new world of currency disorder looms

•   FT(Janan Ganesh): The Ukraine war is not the end of Donald Trump

•   FT(Robert Armstrong): Tina meets rising yields

•   FT(Pierre Andurand): How sanctions on Russian energy exports could work

•   FT(Lex): Russian oil: flaws in tax plan mean Europeans cannot duck moral choice

•   WSJ(Editorial Board): Biden’s Big New Wealth Tax

•   WSJ(Editorial Board): Washington’s Record Tax Windfall

•   WSJ(Jason Furman): Biden’s Better Plan to Tax the Rich

•   WSJ(William A. Galston): The Hard Truth in Biden’s Gaffe

•   WSJ(Philip Krause, Luciana Borio): You Likely Don’t Need a Fourth Covid Shot

•   WSJ(Nicholas Eberstadt): The U.S. Needs to Bankrupt North Korea’s War Machine

•   WSJ(Bjorn Lomborg): Be Afraid of Nuclear War, Not Climate Change

•   WSJ(William F. Ford, Daniel J. Smith): How Inflation Raises Your Taxes

•   NYT(Paul Krugman): Putin and the Myths of Western Decadence

•   WP(Editorial Board): This wasn’t supposed to happen under China’s zero-covid policy. But it is.

•   WP(Max Boot): Russia is retreating. Now give Ukraine the tools to finish the job.

•   WP(Marc A. Thiessen): Walking back his Putin ad lib made Biden look incompetent, and America look weak

•   WP(Daniel W. Drezner): How robust is the global opposition to Russia’s invasion of Ukraine?

•   Bloomberg(Bill Dudley): Is a Recession Coming? The Fed Has Made It Inevitable

•   Bloomberg(John Authers): Not All Yield Curve Inversions Are Fatal

•   Bloomberg(Robert Burgess): Yield Curve Is Often Right But for the Wrong Reasons

•   Bloomberg(Bobby Ghosh): Ukraine Invasion: How Putin, Zelenskiy, Biden's Expectations Have Evolved

•   Bloomberg(Pankaj Mishra): Ukraine Invasion: U.S., Europe Demonizing of Russia Isn't Smart

•   Bloomberg(Jessica Karl): Don’t Fear the Inverted Yield Curve

•   Bloomberg(Karen Petrou): Financial Sanctions Call for a New Bretton Woods Framework

•   Fox News(David Marcus): Biden's alarming Ukraine gaffes beg the question: Who is running our country?

Global Economic Monitor 220329

(Introduction)

[Markets]

•   Global: Stocks look past rate risks in late rally, yen wilts

•   US: A Recession Warning Sign? Part of U.S. Yield Curve Inverts for First Time Since 2006

※   Spread between five- and 10-year yields had already inverted

•   Japan: Yen hits 7-year low after Bank of Japan sticks to stimulus

※   Currency drops to ¥125 per dollar as other central banks push ahead with interest rate rises

•   Metals: Copper rebounds despite Shanghai lockdown

•   Grains: U.S. grains fall with other commodities, U.S. crop data awaited

•   한국: 코스피, 외국인·기관 매도에 하락 출발…2,710대

•   한국: 미 반도체지수 15% 급등에도 삼성전자 주가 왜 이래

•   한국: 10년물 국채 금리 연 3% 돌파…원·엔환율 1000원 붕괴

[Indicators]

•   US Feb. Goods trade balance: U.S. Goods-Trade Gap Narrows Slightly From a Record

•   US Mar. Dallas Fed manufacturing Index: Fed Factory Surveys Show Pickup in Inflation Expectations

•   한국 3월 소비자동향: 소비심리 소폭 개선…기대인플레 2.9%, 7년11개월래 최고

[News]

•   WSJ: Ukraine and Russia Prepare for Talks in Turkey as Russian Missiles Hit Cities

※   Ukrainian forces fight to recapture territory and brace for renewed Russian attacks as Moscow shifts its focus to Ukraine’s east and south

•   WSJ: Roman Abramovich and Ukrainian Peace Negotiators Suffer Suspected Poisoning

•   WSJ: How Russia’s Central Bank Engineered the Ruble’s Rebound

•   WSJ: Biden’s Budget Calls for Increase in Defense Spending, Including Funds for Ukraine

※   Spending proposal also emphasizes efforts to reduce deficit and fund law enforcement

※   White House: FACT SHEET: The Biden Administration’s Historic Investment in Pandemic Preparedness and Biodefense in the FY 2023 President’s Budget

•   WSJ: Biden’s Budget: Taxes on Wealthy, Defense and Deficits in Focus

•   WSJ: Pentagon Seeks Higher Military Spending to Keep Pace With China, Russia

•   WSJ: Judge: Trump ‘More Likely Than Not’ Committed Crime in Jan. 6 Efforts

•   WSJ: Democrats Seek to Break Stalemate on Biden Nominees for FTC and FCC

•   WSJ: Shanghai Covid-19 Lockdown Poses Fresh Test to Supply Chains

•   WSJ: For Japan’s Leader, Russian Gas Is Also a Hometown Affair

•   WSJ: Putin’s War in Ukraine Tests Allegiances of Russian Speakers in Former Soviet Latvia

•   WSJ: Lawmakers Launch Probe of Credit Suisse Compliance With Russia Sanctions

•   WSJ: Tesla to Request Shareholder Approval for Stock Split

•   WSJ: Elon Musk Tests Positive for Covid-19 as Tesla Pauses Production in Shanghai

•   WSJ: Looking to Buy an EV? Get on a Wait List

•   WSJ: Secret World of Pro-Russia Hacking Group Exposed in Leak

•   NYT: Would Putin Strike NATO Supply Lines to Ukraine? History Suggests No.

•   NYT: With Eyes on Russia, the U.S. Military Prepares for an Arctic Future

•   NYT: President Macron’s Unending Russia Diplomacy

•   NYT: Is Covid Sparing Africans? The Mystery Matters.

•   NYT: North Korea’s latest missile test may not have been what it claimed

•   NYT: U.S., Israel and Arab states to expand cooperation in unprecedented meeting

•   NYT: When Nokia Pulled Out of Russia, a Vast Surveillance System Remained

•   NYT: New Supply Chain Risk: 22,000 Dockworkers Who May Soon Strike

•   NYT: Reducing Covid’s Toll

•   WP: How Biden’s budget tries to insulate Democrats in the midterms

•   FT: G7 rejects Russian demand for energy payments in roubles

•   FT: The end of an era

•   FT: ECB supports Poland’s currency with €10bn financing deal

•   FT: Zemmour strives to rally faithful as France run-off slips out of reach

•   FT: War with Russia? Finland has a plan for that

•   FT: Sunak admits UK’s dismal recent trade ‘might’ be linked to Brexit

•   FT: EU confronts UK on wind turbines in first WTO dispute since Brexit

•   FT: Britons face ‘historic shock’ to their incomes, BoE governor warns

•   FT: Shanghai split by lockdown as officials struggle to contain Covid outbreak

•   FT: Cushioning the blow of the global food crisis

•   FT: Egypt’s economy reels from Ukraine war

•   FT: Russia’s Arctic gas ambitions at risk as sanctions imperil LNG icebreakers

•   FT: Europe battles to secure specialised ships to boost LNG imports

•   Bloomberg: NATO Allies Are Split on Whether They Should Talk to Putin

•   Bloomberg: Biden Says Putin Remark Showed Outrage, Not Change in Policy

•   Bloomberg: World Moves From Shortages to Possible Glut of Covid-19 Vaccines

•   Bloomberg: Fed’s Powell Is Trusting the Wrong Yield Curve, Citi Says

•   Bloomberg: U.S. Exports More Diesel as Global Shortage Fuels Competition

•   Bloomberg: Traders Bet ECB to Hike Interest Rates Four Times Within a Year

•   Bloomberg: Poor and Rich in U.K. Hit Hardest in Pandemic’s First Year

•   Bloomberg: U.K. Energy Rebate Won’t Reduce Inflation, Budget Official Says

•   Bloomberg: Italy Economy to Face Hardest Blow From Surging Gas Price: Chart

•   Bloomberg: China Says Sanctions Causing ‘Unnecessary’ Harm to Russia Trade

•   Bloomberg: Shanghai Factories Isolate Staff to Keep Operating in Lockdown

•   Bloomberg: ESG Veteran Sees Putin’s War as Possible Template for Xi to Grab Taiwan

•   Bloomberg: Japan’s Kishida Set to Draw Up Urgent Economic Measures in April

•   Bloomberg: Brazil Central Bank Union Says Strike Delays Key Economic Data

•   Bloomberg: OPEC+ Still Sees No Need to Change Plan Despite Russia Crisis

•   Bloomberg: UAE Signals Support for Russia in OPEC+ Before Group Meets

•   Bloomberg: Argentina's Shale Boom Dream Turns to LNG Buyer Despair With War

•   Bloomberg: Soaring Prices Are Changing the Way People Eat

•   Bloomberg: White House Banks on ‘Price Signals’ to Avert Food Shortage

•   Bloomberg: Clean Power Isn’t Reaching Those Who Need It Most

•   Bloomberg: U.S. to Probe If Asian Factories Are Evading Solar Tariffs

•   Bloomberg: Biden Wants Record $11 Billion in Climate Aid to Poor Nations

•   Bloomberg: China Coal Giant Plans a Surge in Clean Energy Spending

•   Reuters: Germany speaks out against COVID-19 vaccine patent waiver

•   Reuters: Indonesia expects fiscal pressure from high global fuel, food prices

•   Reuters: China's DJI rejects claim that Russian military uses its drones in Ukraine

•   Reuters: Explainer: Part of the U.S. yield curve just inverted: Does that mean a recession is coming?

•   Reuters: Analysis: Locked Russian assets add to war woes for British pension funds

•   Reuters: Analysis: Biden's Putin power remark raises questions about long-term Russia strategy

•   CNBC: Xi’s gamble on Putin may be the most dangerous and short-sighted of his nine years in power

•   CNBC: India is snapping up cheap Russian oil, and China could be next

•   CNBC: Bill Gates and Blackrock are backing the start-up behind hydropanels that make water out of thin air

•   CNBC: Apple reportedly cuts production of its new iPhone SE by 20%

•   MarketWatch: ‘The dam finally broke’: 10-year Treasury yields spike to breach top of downward trend channel seen since mid-1980s, says Deutsche Bank

•   Fox Business: Economist warns US facing 'very significant slowdown'

•   SCMP: Coronavirus: Shanghai lockdowns spark fear, frustration among European firms about zero-Covid policy

•   SCMP: China’s private firms see Russia as land of opportunity, up for grabs amid West’s exodus

•   Global Times: China’s quest for new ways to handle Omicron

•   Caixin: Cover Story: How Nickel Turmoil Exposed the LME and China’s Tsingshan

•   Nikkei Asia: BOJ's lone battle against rising yields accelerates yen's slide

•   Nikkei Asia: Asia faces cost of living crisis on war, COVID, supply chain woes

•   Nikkei Asia: Huawei net profit up 76% in 2021 despite U.S. crackdown

•   매경(P1): 특허 자산 경쟁력 삼성전자 세계1위

•   매경: 삼성 특허지수 애플의 3배…LG전자 자율주행기술 완성차 압도 [100대 지식기업]

•   매경: 전·화·기 쏠림 큰 한국…100대 기업에 헬스케어 0곳

•   매경: 한우물에 집착 안한 아마존·존슨&존슨…'특허 블랙홀' 됐다

•   매경: AI수술 특화기술 보유…단숨에 블록체인 최강

•   매경: 100대 지식재산기업 산출 어떻게…특허 양·영향력·중요성, 자산지수(PAI)로 평가

•   매경(P1): 호반건설, 한진칼 2대주주로…KCGI지분 17.4% 전격 인수

•   매경: [단독] 거대야당 반대 예고에...인수위, 정부 조직개편 최소화 가닥

•   매경: "한국서 기업하기 정말 어렵다"…'47년 화학맨'의 격정 토로

•   매경: [단독] 서울 교통공약 '尹心吳心'…용산~삼송 신분당선 속도낸다

•   매경: 경제사령탑 기재부, 금융부문까지 품나

•   매경: 코로나와 독감 동시에 감염되면 사망률 2.4배 높아져

•   매경: "확진자는 무조건 음압병실? 환자에게 오히려 도움안돼"

•   매경: [단독] "코로나에 적자난 대기업, 법인세 공제한도 확대 필요"

•   매경: 점심 한끼 만원 넘는데…식대 비과세 19년째 월10만원

•   매경: 집값 오르니 취득세 부담 만만치 않네…2년연속 10조 넘어

•   매경: '동네 장사' 전성시대…고덕 옥수 목동 상권 빠르게 회복 [신한카드 빅데이터 분석]

•   매경: 中 '수소 경쟁' 참전…韓은 법안처리 지지부진

•   매경: 러시아 군대 상징 'Z' 때문에 난감한 삼성전자, 이유는

•   매경: '산업부 블랙리스트' 공기업 8社 압수수색

•   한경(P1): "임대차 3법 폐지·축소 검토"

•   한경(P1): 윤석열, 민관합동委에 CEO 중용한다…"기업인 노하우 적극 반영"

•   한경: "정책 입안단계부터 다양한 아이디어 반영" 경제계 기대감

•   한경(P1): "임대차 3법 폐지·축소 검토"

•   한경: 한은 "수도권 전세 가격, 2년여 만에 하락 전환"

•   한경: "일자리 늘린 기업 세무조사 완화"

•   한경: "공사장 사망 사고땐 즉시 퇴출하겠다"…건설업계 '초긴장'

•   한경: 치솟는 IT업계 연봉…카카오, 삼성 제쳤다

•   서경(P1): 박정호 SK스퀘어 대표 "ARM 사고 싶다"

•   서경: SK스퀘어, 인텔 낸드 이어 반도체 설계기업도 인수 ‘신호탄’

•   서경(P1): [시그널] 기술특례 상장기업 82%가 '실적 뻥튀기'

•   서경: 총리·경제부총리 '원팀' 이르면 다음주 지명한다

•   서경: '효율 중시' 尹인수위서 부활한 '명함·자문위원단'

•   서경: 인수위, 김앤장서 물가 조언…'인플레파이터' 한은 패싱?

•   서경: 아파트 재산세 치솟자…'조세불복'도 사상 최다

•   서경: "빅데이터 시대, 통계청 역할 커져"…인수위에 '처' 승격 요청

•   서경: 한은, 이창용 총재 후보자 '청문회 TF' 가동

•   서경: 고정금리, 변동보다 0.7%P↑…속타는 대출자

•   서경: 삼성전자 70조·SK하이닉스 10조…반도체 호조에 1분기 최대 매출

•   서경: 반도체 기판 품귀에…1.6조 투입하는 삼성전기

•   서경: 치솟는 원자재값…건설현장 '2차파업' 예고

•   서경: '똘똘한 한채'에 수요 몰리자 '아파트값 양극화' 역대 최고

•   조선(P1): 尹 “용산 이전 꼭 하고싶다” 文 “예산 살펴 협조”

•   조선: 용산·인사·추경 의견 나눴지만… 구체적 합의안은 못내놔

•   조선: 尹, 사흘전 김부겸과 만찬… 총리 연임 논의했나

•   조선: 총리 할까 말까… 안철수는 고민중

•   조선: 한전이 전기요금 4월 인상 유보하자...인수위 “文정부가 결정할 일”

•   조선: 北, 풍계리 핵실험 움직임...정부 “예의 주시중”

•   조선: 산업부 국장, 발전4社 사장들에 “정부 방침이니 나가라”

•   조선: “백신 안맞은 상태로 오미크론 걸리면 새로 나오는 변이에 쉽게 감염될 수도”

•   조선: 확진자도 일반 병의원 갈 수 있게 한다

•   조선: NFT, 거품 터지고 있다

•   조선: ‘부산행’은 산업은행만?… 금융 공기업들 뒤숭숭

•   조선: [단독] 중대재해법에... 설거지하다 허리 다칠라, 보조 싱크대 설치

•   조선비즈: 尹정부 ‘구조조정 1순위’ 한국판 뉴딜 민낯…돈 80% 이상 펀드서 잠자는데 또 출자

•   조선비즈: IMF, 올해 韓 물가 전망 2.2→3.1%로 상향...“스태그플레이션 대응 필요”

※   IMF: IMF Executive Board Concludes 2022 Article IV Consultation with Republic of Korea

•   인베스트조선: 유일한 적자 시장, 그러나 버릴 순 없는…다시 중국으로 향하는 현대차

•   동아: “친환경 전기차의 새로운 미세먼지 막아라” 저감기술 개발 ‘시동’

•   동아: 유가 쇼크에 무역수지 휘청… 올들어 ―60억 달러

•   동아: 수출기업 3곳중 1곳 “자금사정 악화… 원자재값 올라 큰 부담”

•   문화: 인프라·인력 풍부한데… ‘규제완화’ 역차별에 서울서 기업하기 어렵다

•   문화: 대한상의, 전국42곳 돌며 중대재해법 고충 듣는다

•   문화: ‘원전강국 재도약’… 8조원대 체코사업 수주 총력전

•   한국(P1): 1년에 60% 인상은 기본? 홀로 내달리는 대기업 임금

•   한국: 대기업 노조는 “더 달라”, 중소기업은 생존 위기… 임금 양극화 해법은

•   국민(P1): 삼성·한전 자회사 檢 전방위 압수수색

•   국민: “VR은 잊어라”… 앞다퉈 메타버스 타는 글로벌 빅테크

•   서울(P1): ‘검출률 56.3%’ 스텔스 오미크론 우세종 됐다

•   경향: 유통 기업들, ‘페이’ 전쟁…간편결제서비스에 공들이는 까닭

•   머니투데이(P1): 尹, 전금법 개정안 업그레이드…"취할 건 취한다"

•   머니투데이: [단독]인수위, 대통령 직속 과학컨트롤타워 구성 '착수'

•   머니투데이: 노동계 상견례 앞둔 尹인수위...중대재해처벌법 접점 찾을까

•   헤럴드경제(P1): 더 내는 연금개혁, 尹에 달렸다

•   헤럴드경제(P1): 균형발전-자치분권위 통폐합 검토

•   파이낸셜뉴스: "중국발 물류·반도체대란 오나" 국내외 기업들 초긴장 [中 경제수도 상하이 봉쇄]

•   파이낸셜뉴스: "배달 할래요, 돈 많이 벌잖아요"... 식당·미용실에 일할 사람이 없다

•   파이낸셜뉴스: 삼성, 연내 ‘차세대 폼팩터’ 승부수 띄우나

•   파이낸셜뉴스: 내달 1일 새 거리두기 결정… 완전 풀릴 가능성도 [오미크론발 대유행 정점 꺾였다]

•   파이낸셜뉴스: 블록체인·가상자산 생태계로… 대기업 거침없는 진격

•   아시아경제(P1): 文정부 5년, 늘어난 공무원만 13만명…朴정부 3배, 李정부 10배

•   아시아경제(P1): 현대차·기아, 지난해 매출성장률 글로벌 완성차 1위

•   아시아경제: 상장 철회는 봇물·승인 심사는 깐깐…5월까지 그림자 안보이는 IPO

•   디지털타임스: 균형발전한다더니 수도권 쏠림… "새정부, 균특회계 전면개편해야“

•   디지털타임스: 文정부서 쑥쑥 성장한 중기부 5년만에 해체되나

•   디지털타임스: "실적 떨어질라"… 기업대출로 눈돌리는 은행들

•   이데일리(P1): [단독] 박정호의 승부수…SK코인, 카카오와 손잡다

•   이데일리: 치솟는 기름값에도 정부는 유류세 인하율 확대 `신중론`…왜?

•   연합: 오후 9시까지 전국서 33만3951명 확진…다시 15만56명 급증

•   전자신문(P1): 삼성 '폰 부품 표준화' SCM 파장

•   전자신문(P1): 코로나19로 11개 업종서 1위 기업 '자리바꿈'

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[Opinions]

•   Project Syndicate(Michael Spence): Startup Culture Goes Global

•   Project Syndicate(Joschka Fischer): How the Ukraine War Must Remake Europe

•   Project Syndicate(Jeffrey D. Sachs): Time to Talk Peace Terms with Russia

•   Project Syndicate(Hans-Werner Sinn): Germany's Energy Fiasco

•   Project Syndicate(Max Krahé): How the West Enabled War in Ukraine

•   FT(Editorial Board): An inverted yield curve need not cause panic

•   FT(Editorial Board): Electric vehicles’ success is a headache for the Treasury

•   FT(Ruchir Sharma): China is less likely to back Russia while facing troubles of its own

•   FT(Gideon Rachman): Ukraine war risks destabilising the west

•   FT(Robert Armstrong, Ethan Wu): What the bond rout is telling us

•   FT(Barry Eichengreen): Ukraine war accelerates the stealth erosion of dollar dominance

•   FT(Lex): China stocks: Shanghai lockdown creates more uncertainty for global supply chains

•   FT(Lex): Floating LNG: lack of vessels could stymie a good option for Europe

•   FT(Lex): US bonds: don’t fret about inversion yet

•   WSJ(Editorial Board): The President We Have

•   WSJ(Walter Russell Mead): Russia’s War With Ukraine Unifies Europe

•   WSJ(Gerard Baker): Biden at the Improv: Ukraine and the Dangers of Foreign Policy by Open Mic

•   WSJ(Jakub Grygiel): Ukraine War Shows the ‘Rules-Based International Order’ Is a Myth

•   NYT(Peter Coy): Here’s the Neat Trick of Biden’s Billionaire Tax

•   NYT(Andrew Hill): Sanctions and rationing: the next shock for companies

•   WP(Editorial Board): Biden told the truth about Putin. But regime change is not a policy option.

•   WP(Editorial Board): Biden’s new agenda: Insufficient, incomplete … and pretty good

•   WP(Max Boot): Stop overestimating the Russian military and underestimating Ukrainians

•   WP(Henry Olsen): Stop making excuses for Biden’s gaffes

•   Bloomberg(Daniel Moss): The Yen's Plunge Is a Dilemma of Japan's Own Making

•   Bloomberg(John Authers): Japan and the Yen Find a New Way to Market Relevancy in Era of War and Inflation

•   Bloomberg(Tim Culpan): Putin’s Ukraine War Is Hollowing Out Russia’s Tech Future