Share to Twitter Share to Linkedin A bright picture of 2023 growth in Asia has just emerged from the International Monetary Fund (IMF). Responding to a surge in Chinese consumer spending now that Covid restrictions have lifted, the analysts at the Fund have revised up their real growth expectations for China and emerging Asia generally. This enthusiasm nonetheless seems wholly unwarranted. Though there can be little doubt that China’s reopening will act as a spur to growth there and elsewhere in Asia, this forecast seems to dismiss the ill effects of inflation and fails entirely to consider the drag on Chinese and Asian exports from tightening monetary policies in the west. The IMF’s figures are striking. China has received the most dramatic upgrade. Whereas last October, the Fund looked for 4.4% real growth in 2023, it now expects an expansion of 5.2%. The revisions are more modest for the rest of emerging Asia but across the board the expected growth can … [Read more...] about The IMF’s Asia Forecast Misses A Lot
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Ukrainian Troops Tap Their Best Firepower To Kill Russians On Bakhmut’s Vulnerable Flanks
Share to Twitter Share to Linkedin Fighting rages north and south of Bakhmut as Russian regiments race against time, and their dwindling combat power , in a desperate effort to surround the ruined city and cut off its Ukrainian garrison. The Ukrainians meanwhile have dug in in the most defensible quarters of Bakhmut. With supplies of heavy artillery running low, they’re picking their targets carefully—aiming to kill as many Russians as possible with as few weapons as possible. Which side makes the most efficient use of precious military resources might ultimately prevail in Bakhmut, a city with a pre-war population of 70,000 that anchors the front line in Donetsk Oblast, in eastern Ukraine’s Donbas region. A dramatic strike on a Russian patrol base in Yahidne, just north of Bakhmut, on or before Sunday underscores the Ukrainians’ selective violence. As a drone from the Ukrainian 93rd Mechanized Brigade watched , a powerful munition or … [Read more...] about Ukrainian Troops Tap Their Best Firepower To Kill Russians On Bakhmut’s Vulnerable Flanks
To Make The Standoff Over The Dnipro River Count, Send Ukraine Amphibious Vehicles
Share to Twitter Share to Linkedin As Russian and Ukrainian forces face off across the Dnipro/Dnieper River, Western militaries are re-discovering the strategic challenge posed by water barriers. Confronted by the 4 th largest river in Europe, the West’s failure to provide Ukraine fully amphibious assault vehicles suggests Western military planners are struggling to meld World War II-era river-crossing tactics into modern 21 st Century war-fighting doctrine. To retake occupied Ukraine, the Ukraine Army must, at a minimum, present a credible threat to the Dnipro River’s Russian-occupied eastern bank. Even if Ukraine has no intention whatsoever of storming the Russian held side of the Dnipro River, signaling a threat, and tying down Russian units is a smart thing to do. One way to discomfit Russian invaders in southern Ukraine is the abrupt transfer of old U.S. AAVP7A1 ( AAV-7 ) tracked amphibious assault vehicles. Used by the U.S. Marine Corps to … [Read more...] about To Make The Standoff Over The Dnipro River Count, Send Ukraine Amphibious Vehicles