World's Biggest Treasury Takes Biggest Losses in Record Bad Market, Warns It Could Get Worse in the first half of the year Norway, the world's largest state investment fund, suffered the largest losses in its history - $174 billion out of $1.3 trillion, or 14.4%. The fund lost both on stocks and bonds (17% and 9.3% respectively), which usually hedge each other. “The state of the market was determined by the growth of key rates, high inflation and the war in Europe,” the release says.

THIS MATERIAL (INFORMATION) IS PRODUCED AND DISTRIBUTED BY A FOREIGN AGENT OF THE BELL OR IS RELATED TO THE ACTIVITIES OF A FOREIGN AGENT OF THE BELL. 18+ THIS MATERIAL (INFORMATION) IS PRODUCED AND DISTRIBUTED BY THE FOREIGN AGENT ELIZAVETA NIKOLAEVNA OSETINSKAYA OR RELATED TO THE ACTIVITIES OF THE FOREIGN AGENT ELIZAVETA NIKOLAEVNA OSETINSKAYA.

Deflation in Russia continues: according to the results of the week by August 15, prices fell by 0.13%, and inflation fell below 15% year-on-year (to 14.87%), follows from Rosstat data. Monthly deflation in Russia in July accelerated to 0.39% from 0.35% in June, weekly deflation was lower the previous week - 0.08%. The main contribution to deflation is still made by products (-0.33%), and among them - fruits and vegetables, explains the Ministry of Economic Development.

in the first half of the year Norway, the world's largest state investment fund, suffered the largest losses in its history - $174 billion out of $1.2 trillion, or almost 15%. Nikolai Tangen, the general director of the fund, noted that the gigantic amount of losses is a consequence of the size of the fund itself, and reminded that the fund works "for a long time", so even such losses are not a disaster for it. Last year it showed a yield of 14.5%.

In a week it will be six months since the beginning of the Russian invasion of Ukraine. On the eve of this date, The Washington Post published perhaps the most fundamental article so far about how the United States in 2021 became convinced that war was inevitable and tried to prepare for it, convince other Western countries and Ukraine in its conclusions and prepare, as well as convince Russia abandon your plans.

Inflation in the UK in July amounted to 10.1%. The indicator exceeded the mark of 10% for the first time in 40 years. Analysts are waiting for the tightening of the Bank of England's monetary policy in response to the rapid rise in consumer prices. Inflation in Britain is growing faster than the forecasts of economists, who expected it at 9.8% in July. In June it was 9.4%.

The Ministry of Economic Development has significantly improved the forecast for the ruble exchange rate, GDP and inflation in 2022 compared to estimates published in mid-May. The forecast is not published in its entirety, but a fragment with its main indicators was at the disposal of four business publications - the data is provided by RBC , Vedomosti , Forbes and Kommersant . Experts consider some estimates of the Ministry of Economics too optimistic.

The Ministry of Economic Development improved the forecast for GDP, inflation and income of Russians The Ministry of Economic Development significantly improved the forecast for the rate of the ruble, GDP and inflation in 2022 compared with estimates published in mid -May. The forecast is not published entirely, but a fragment with its main indicators turned out to be at the disposal of four business publications - data are brought by RBC , Vedomosti , Forbes and Kommersant .

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