Reading Time: 3 minutes

As we all know, the US dollar has long played a humungous role in global markets. It continues to do so, even as the American economy has been producing a shrinking share of global output over the last two decades.

The US share in world merchandise exports has declined from 12 percent to 8 percent since 2000, the dollar’s share in world exports has held around 40 percent. For many countries fighting to bring down inflation, the weakening of their currencies relative PRIOR to the dollar has made the fight harder. On average, the estimated pass-through of a 10 percent dollar appreciation into inflation is 1 percent. Such pressures are especially acute in emerging markets, reflecting their higher import dependency and greater share of dollar-invoiced imports compared with advanced economies. The dollar is at its highest level since 2000, having appreciated 22 percent against the yen, 13 percent against the Euro and 6 percent against emerging market currencies since the start of this year.

As the chart illustrates, readings for a growing share of G20 countries have fallen from expansionary territory earlier this year to levels that signal contraction. That is true for both advanced and emerging market economies, underscoring the slowdown’s global nature. October PMI releases point to weakness in the fourth quarter, particularly in Europe. In China, intermittent pandemic lockdowns and the struggling real estate sector are contributing to a slowdown that can be seen not only in PMI data but also in investment, industrial production, and retail sales. This will inevitably have a significant impact on other economies due to China’s large role in trade.

Despite growing evidence of a global slowdown, policymakers should continue to prioritize containing inflation, which is contributing to a cost-of-living crisis, hurting low-income and vulnerable groups the most. As our G20 report emphasizes, the macroeconomic policy environment is unusually uncertain.

Global economic growth prospects are confronting a unique mix of headwinds, including from Russia’s invasion of Ukraine, interest rate increases to contain inflation, and lingering pandemic effects such as China’s lockdowns and disruptions in supply chains.In turn, our latest World Economic Outlook, released last month, lowered our global growth forecast for next year to 2.7 percent, and we expect countries accounting for more than one third of global output to contract during part of this year or next.

By contrast, the currencies of smaller economies that haven’t traditionally figured prominently in reserve portfolios, such as the Australian and Canadian dollars, Swedish krona and South Korean won, account for three quarters of the shift from dollars.

Two factors may help to explain the movement into this set of currencies:

  • These currencies combine higher returns with relatively lower volatility. This appeals increasingly to central bank reserve managers as foreign exchange stockpiles grow, raising the stakes for portfolio allocation.
  • New financial technologies—such as automatic market-making and automated liquidity management systems—make it cheaper and easier to trade the currencies of smaller economies.

The challenges that the global economy is facing are immense and weakening economic indicators point to further challenges ahead. However, with careful policy action and joint multilateral efforts, the world can move toward stronger and more inclusive growth. A regression analysis of global reserve currency shares confirms that a higher economic risk premium, measured by the cost of using credit derivatives to insure against default, reduces a currency’s share in global reserves. Evidently, holders favor the currencies of countries known for good governance, economic stability and sound finances. For the United States, despite the global fallout from a strong dollar and tighter global financial conditions, monetary tightening remains the appropriate policy while US inflation remains so far above target. Not doing so would damage central bank credibility, de-anchor inflation expectations, and necessitate even more tightening later—and greater spillovers to the rest of the world.


Sources: https://www.imf.org/en/Blogs/Articles/2022/11/13/slowing-global-economic-growth-is-increasingly-evident-high-frequency-data-show




Reading Time: 2 minutes

Have you ever dreamed of having an assistant ? Someone who will be able to help you at any time and do everything without complaining? Roboteam met the expectations of those, who wanted to have an experience of an everyday assistant. The only difference is that the help that the company is providing is purely autonomic.

The company called “Roboteam” came up with the idea of the personal robot that will provide services such as answering video and audio calls, showing and reading news, playing music, teaching languages, taking photos and recording videos, going from place to place and a lot, lot more. The most important thing about this device is that it is an Artificial Intelligence assistant which means that you can basically ask it a question and it will immediately find an answer and read it to you using Auto Speech Recognition (ASR), Natural Language Processing (NLP) and Speech-to-text system. Temi is able to recognise your voice and complete delegated tasks without you typing anything. It not only understand what you are saying but it also is learning how to serve you better and better every day by memorising your preferences. Artificial Intelligence also appears in face and object recognition, voice fingerprint which means voice recognition and even emotion detection.


“While smartphones keep us connected at any time,
temi the personal robot keeps us present anywhere.”  Roboteam


You can ask, how Temi can be different from other personal assistants such as Alexa, Siri or Google Assistant. Well, it is simple. It is the movement that makes it so unique. Temi has autonomous navigation, dynamic path planning system and face tracking that matches the voice to its face.



The founder of Temi, Yossi Wolf came up with the idea of building such machine after watching his grandmother struggling while using smartphone because of her shaky hands. This device is not only a luxury and modern toy but also something that can actually help elderly people on a daily basis. It is also good to mention that this robot is a first truly autonomous house assistant. Wolf’s company gathered some big accomplishments since launching Temi in 2016. It was announced The best robot and AI assistant in 2018 by Mobile World Congress, it appeared in Forbes Magazine, Bloomberg, Reuters and many, many more. Unfortunately nothing is to perfect and that is also true here. The only downside of this device is its price, which is 1499 $. Some may say that the price is adequate to the quality and variety of opportunities that we get but overall we can say that the price stopes most people from buying it.






Temi – the personal robot that will blow your mind

Reading Time: 4 minutes

Just before Christmas, New York Times surprised us with a ‘wonderful’ gift. A report that clearly shows that Facebook has been sharing our private conversations with major companies like Apple, Microsoft, Amazon, Spotify, Netflix, Yahoo and many more.

Discovered report included information of over 200 pages of leaked documents, which contained the data about secret partnerships with third-party companies, that enabled them to allegedly read, compose or even delete the messages. Regarding them as ‘partners’, allowed them to not be controlled with usual privacy regulations. The number of companies that was discovered, when it comes to that level of clearance was estimated to be over 150.

“The deals, the oldest of which date to 2010, were all active in 2017,” The Times reported. “Some were still in effect this year.”

Major companies that were included in the document started addressing the issue after the controversy bursted out. Moreover, all of the companies are trying to separate themselves from the scandal.

Let’s start with something ‘less dramatic’. I will give you a simple example of how it worked. In the report, New York Times stated that Facebook gave Apple access user’s contacts and calendar, even if the sharing option was switched off. This way they could access the useful data that they wouldn’t have otherwise. Apple publicly denied these allegations and declared that they had never requested that kind access and never used it.

What also probably will warm your heart is the fact, that one the biggest company in the world, Amazon, is also connected with this controversy. They retrieved user’s name’s and contact information from Facebook database. Organisation confirmed getting it all, but didn’t reveal why and what for they used the data.

The more frightening case is with SpotifyNetflix and The Royal Bank of Canada. They have been granted a full access to user’s information and even private conversations. Furthermore, these companies were allegedly able to read, compose and even delete messages. All of the organisations stated that they were not aware of this kind of ‘unique’ access and they were not involved in this matter.

“Over the years we have tried various ways to make Netflix more social,” a Netflix spokesperson told Business Insider. “One example of this was a feature we launched in 2014 that enabled members to recommend TV shows and movies to their Facebook friends via Messenger or Netflix. It was never that popular so we shut the feature down in 2015. At no time did we access people’s private messages on Facebook, or ask for the ability to do so.” —Netflix (@netflix ; Twitter)

“Spotify’s integration with Facebook has always been about sharing and discovering music and podcasts,” Spotify told Business Insider in an emailed statement. “Spotify cannot read users’ private Facebook inbox messages across any of our current integrations. Previously, when users shared music from Spotify, they could add on text that was visible to Spotify. This has since been discontinued. We have no evidence that Spotify ever accessed users’ private Facebook messages.” – Spotify (@Spotify ; Twitter)

The Royal Bank of Canada “disputed that the bank had any such access,” The Times wrote.

The problem lies in the law, because according to the 2011 Federal Trade Commission consent decree, Facebook isn’t violating any laws. Why you may ask? Well they do not need your permission to share your information to other companies, because they are partners, so they are sort of ‘cooperating’. This is a major issue and we can see that in many areas of law with many other cases. Countries and their regulations just can’t keep up with the growth of technological world. The whole process of creating new rules is just too slow. That’s something we should focus on looking forward.

As a result of this controversy, Facebook tried to defend themselves.

“Facebook’s partners don’t get to ignore people’s privacy settings, and it’s wrong to suggest that they do,” Steve Satterfield, Facebook’s director of privacy and public policy, said in their statement for Business Insider. “Over the years, we’ve partnered with other companies so people can use Facebook on devices and platforms that we don’t support ourselves. Unlike a game, streaming music service, or other third-party app, which offer experiences that are independent of Facebook, these partners can only offer specific Facebook features and are unable to use information for independent purposes.”

Facebook has encountered a lot of controversies lately, especially when it comes to the sensitive data they have been gathering from years from their users. They had many leaks, breaches, even the CEO, Mark Zuckerberg had to testify to USA Congress earlier this year.  Taking all of that into consideration, do you still want to use Facebook? 

Reference list:

  1. Gray, S. (2018, December 19). Bombshell report shows Facebook let companies like Spotify and Netflix read private messages. https://www.businessinsider.com/facebook-let-major-tech-companies-feast-on-user-data-2018-12?IR=T
  2. Keach, S. (2018, December 19). Facebook secretly let Netflix and Spotify read your PRIVATE messages – as tech giants rocked by bombshell report. https://www.thesun.co.uk/tech/8013861/facebook-netflix-spotify-private-messages-data-scandal/
  3. Muskit, S. (2015, July 14). What Does Happiness Mean To Mark Zuckerberg?. https://lifebeyondnumbers.com/happiness-mark-zuckerberg/
  4. Zuver, J. (2018, July 26). Drew And Mike – July 26, 2018. https://drewandmikepodcast.com/drew-and-mike-july-26-2018/

Facebook shares our private conversations with other companies?

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Reading Time: 2 minutesadp_like

Facebook decided to change their website in order to hide advertisements from adblocking software. It was done be by making ads look like organic content from the perspective of software scanning it.

Based on the Ad Blocking Report from 2015 nearly 200 million people were using adblocking software on their personal computers (in Poland it was 34.90% the second highest in Europe) and based on the report from 2016 at least 419 million users use it on their smartphones (22% of all). This is a very big share of users and it limits Facebook earnings as they are not making money on those users.

Facebook ordered a report on why users do not like advertisements displayed on the internet. Based on the report by Ipsos the biggest problems were disruptive ads (69% of respondents) and ads slowing the browsing (58% of respondents). Within top answers, privacy was not included.

Based on it Facebook decided it will make ads that don’t slow down experience and are not disruptive but cannot by targeted by adblocking software and deleted from the page. The only change good for users is the fact that Facebook gave them the power to select types of ads that they do not want to see (deselecting all types will not reduce their amountL).

One of the leading adblocking software providers Adblock Plus replied to Facebook on their blog. The title says: “Oh well, looks like Facebook just got all anti-user”.
They describe the situation and suggest that next move is on their side.:” …it takes a dark path against user choice. But it’s also no reason to overreact: cat-and-mouse games in tech have been around as long as spammers have tried to circumvent spam filters.” And add at the end of the post: “If nothing else, all this attention from Facebook shows that ad blocking has finally made a big time. We’re ready for our close up …”


What is your opinion on the Facebook move and on replay from Adblock Plus?



A New Way to Control the Ads You See on Facebook, and an Update on Ad Blocking




Facebook war with adblocking

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