-
US interest rate rises coming? Economics news to read this week
This weekly round-up brings you the latest stories from the world of economics and finance. Top economy stories: US signals larger interest rate rises; China sets low economic growth target as it seeks ‘stability’; Japan narrowly avoids recession. 1. Larger interest rate rises may be on the way, US Fed indicates The US Federal Reserve will likely need to raise interest rates more than expected in response to recent strong economic data, Chair Jerome Powell says. He also told the Senate Banking Committee that the Fed is prepared to move in larger steps if the “totality” of incoming information suggests tougher measures are needed to control inflation. Some of this…
-
Economics news: IMF raises global growth forecasts for 2023
This weekly round-up brings you the latest stories from the world of economics and finance. Top economy stories: IMF ups its global economic growth forecasts; US, ECB and UK raise interest rates; Global factory activity contracts again; India plans major boost to capital spending. 1. IMF raises growth forecasts for 2023 The International Monetary Fund (IMF) has made a slight increase to its global growth outlook for 2023, due to “surprisingly resilient” demand in the United States and Europe, easing energy costs and the reopening of China’s economy after Beijing abandoned its strict COVID-19 restrictions. It still sees the pace of global growth falling this year compared with 2022, but…
-
Where is the global economy heading in 2023? Plus other economics stories you need to read this week
1. In which is the world economy heading in 2023?The 12 months ahead looks better than at first feared for the world-wide financial system, but stays fraught with pitfalls, which includes the opportunity escalation of the war in Ukraine and the emergence of a transatlantic trade war, the last panel at the Globe Economic Forum’s Yearly Assembly in Davos concluded. Global Financial Fund (IMF) Handling Director Kristalina Georgieva told Davos that what experienced improved was the possible for China to enhance growth, but she warned: “We have to be cautious”. World advancement is continue to expected to sluggish to a person of its most affordable prices in current a long…
-
Up from here? The free fall in housing market demand just concluded, says Capital Economics
But there could at last be some good information for builders and brokers: Scientists at Cash Economics consider housing sector activity is bottoming out. “There are developing indicators that housing industry activity may be near to a trough. The decline in house loan costs around the past pair of months has led to a little enhancement in affordability and a increase in homebuyer sentiment, albeit from a report low. Corroborating this, mortgage loan applications for household buy have ticked greater in the previous couple of months, which ought to feed by means of to increased product sales,” writes Sam Corridor, assets economist at Funds Economics. It is not just Cash…
World News Today
