THOTH Newsroom

Summary of the UK Economy(Mar-2024) Technical Recession; 2 consecutive quarters of recession Rising Inflation Trade deficit United Kingdom, the Bank of England's base rate is 5.25% (2024-03-21) and has been frozen five times. Summary of the UK Economy GDP Projections; Bank of England The Bank of England's forecast for UK economic growth is shown above. 2022 (actual) : 4.3% 2023 (forecast) : 0.3% 2024(forecast) : 0.3% 2025 (forecast) : 0.8% We assume the 2023 forecast is nearly realistic, and we also forecast low growth of 0.3% in 2024. Quarterly economic growth rates for 2023 are shown below. 1Q 2023 : 0.2% 2Q 2023 : 0% 3Q 2023 : -0.1% 4Q 2023 : -0.3% With three and four consecutive quarters of negative growth in 2023, we are characterizing this as a technical recession. CPI Projections; Bank of England Looking at the inflation outlook, we expect inflation to stabilize after reaching +4.2% in Q4 2023. In January 2024, the Consumer Price Index (CPI) stood at 4.0%, down -0.6% mon

Chip War: U.S. Tightens China Semiconductor Regulations Participating countries include South Korea, the United States, Japan, Taiwan, the Netherlands, etc. Semiconductors become national strategic items around the world Chip War literally means semiconductor war. It's a technology race between the United States and China over the semiconductor industry, with countries in the liberal camp, led by the United States, trying to keep China's semiconductor industry in check. These countries include South Korea, the United States, Japan, Taiwan, Germany, and the Netherlands. Chris Miller, the author of 「Chip War」, describes the semiconductor industry in detail in his book and suggests that it will become a national survival strategy. I recommend reading it. 「반도체 주권국가」 is a book written by former Minister Park Young-sun, Dr. Kang Sung-chun, and CEO Cha Jeong-hoon, and is rated as a book comparable to Chip War. I recommend reading it. Semiconductors have now become a central industry f