Increase shows deep signs of economic slowdown
Increase shows deep signs of economic slowdown
US central bankers are hoping their aggressive stance will cool red-hot inflation that topped 9% in June
60% of low-income countries are already 'in or at high risk of government debt distress'
Fund urges policymakers worldwide to take inflation control as their first priority
High probability of stronger growth due to higher oil production and government pledge to double manufacturing sector’s size by 2031
Several central bankers over the past couple of weeks have signalled support for 75 basis point rate increase
Global economy in 'very choppy waters'
Innovative economic model to be implemented in manufacturing, food, infrastructure, transport sector
Transport and warehousing activities led the GDP growth in first quarter; Economy climbs 6.2% in 2021
Jerome Powell stresses that primary goal is to reduce inflation but he hopes for a 'soft landing'