Today’s Energy Crisis Spells Disaster For The Global Economy
It is my view that when energy supply falls, it falls not because reserves “run out.” It falls because economies around the world cannot afford...
China’s economy brakes sharply in Q2, global risks darken outlook
China’s Q2 GDP shrinks from Q1, Y/Y growth slows sharply Widespread COVID lockdowns hammer industrial activity, demand June shows bounce in activity, but global risks...
Sri Lanka hikes rates in face of record inflation, despite economic contraction
People walk past the main entrance of the Sri Lanka’s Central Bank in Colombo, Sri Lanka March 24, 2017. REUTERS/Dinuka Liyanawatte Register now for FREE...
Global equity funds see a second weekly outflow on slowdown worries
A screen displays trading informations for stocks on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 27, 2022....
Central banks double down in fight against ‘galloping’ inflation
LONDON, June 9 (Reuters) – Major central banks are racing to ditch post-pandemic stimulus and picking up the pace of interest rate hikes to get...
Business lobby sees 2% hit on Italy’s GDP if Russia stops gas By Reuters
© Reuters. FILE PHOTO: Duomo’s cathedral and Porta Nuova’s financial district are seen in Milan, Italy, May 16, 2018. REUTERS/Stefano Rellandini MILAN (Reuters) – Italy’s...
IIF cuts 2022 global GDP growth estimate in half, flows to EM to drop 42%
Ships and shipping containers are pictured at the port of Long Beach in Long Beach, California, U.S., January 30, 2019. REUTERS/Mike Blake Register now for...
Russian central bank slashes key rate, sees room to cut further
A Russian state flag flies over the Central Bank headquarters in Moscow, Russia March 29, 2021. REUTERS/Maxim Shemetov/File Photo Register now for FREE unlimited access...
Fed’s Williams on board with 50 bps rate hikes at next two meetings
ELTVILLE AM RHEIN, May 10 (Reuters) – U.S. Federal Reserve Chair Jerome Powell’s signal that the central bank plans to raise interest rates by 50...
China’s services activity falls at second sharpest rate on record – Caixin PMI
People dine at a hotpot restaurant in Beijing, China April 8, 2022. Picture taken April 8, 2022. REUTERS/Tingshu Wang/Files Register now for FREE unlimited access...