In February 2026, the Indian government released the GDP accounting data for the new fiscal year, with the nominal size revised down from the original estimate of 357.14 trillion rupees to 345.47 trillion rupees, a one-time contraction of over 11 trillion rupees.
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The European economy is under mounting pressure from escalating geopolitical conflicts, an upside inflation surprise, extreme financial market volatility, and a sharp repricing of monetary policy expectations.
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According to a report by The Economic Times, recently, due to the escalating conflict between the United States and Israel over Iraq, there has been significant volatility in the global gold and silver markets.
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On March 1st local time, an oil tanker attempting to pass through the Strait of Hormuz was hit and began to sink. On the same day, Iran claimed that three illegal US and British oil tankers in the Persian Gulf and the Strait of Hormuz were attacked by missiles.
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On the morning of March 2nd, following the assassination of Iran's Supreme Leader Ayatollah Ali Khamenei on February 28th, Iran launched a series of missile and drone attacks on Israeli and US bases in the Persian Gulf, causing oil prices to surge by nearly 10%.
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Recently, the situation in the Middle East has suddenly escalated.
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On February 27th, European Commission President Ursula von der Leyen announced that she would forcefully push forward the controversial free trade agreement signed with the Southern Common Market in South America.
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Entering March 2026, the U.S. economy presents a complex pattern of "resilient growth amid accumulating risks."
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In February 2026, the European Parliament officially announced the suspension of the approval process for the EU-US trade framework agreement, completely shelving the scheduled vote.
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On February 17, 2026 local time, the International Monetary Fund (IMF) released an assessment report on Japan, issuing a rare triple warning: maintaining the independence of the Bank of Japan, strictly controlling disorderly fiscal expansion, and abandoning the plan to reduce food consumption tax.
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Recently, the British government, in accordance with the "Steel Industry (Nationalization) Act" that came into effect on July 16th, took the British Steel Company, which is controlled by China Jiefang Group, into state ownership without compensation.
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