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IMF warns of weak economic outlook: Top economy news
This weekly round-up brings you the latest stories from the world of economics and finance. Top economy stories: IMF says medium-term growth outlook weakest in 30 years; US inflation slows to lowest level in nearly two years; Wages in Japan not keeping up with rising prices. 1. IMF warns medium-term growth outlook weakest in 30 years The global economy is heading for its weakest medium-term growth in more than 30 years as the world grapples with geopolitical fragmentation, slower labour force growth and weaker prospects for previously fast-growing economies such as China, the International Monetary Fund (IMF) warns in its latest World Economic Outlook. It expects global growth to be…
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Fed Hikes Interest Rates Again, Projects Very Weak Growth for the Economy in 2023 | Economy
The Federal Reserve raised desire charges by a fifty percent stage Wednesday in a broadly predicted move that indicates it thinks that, whilst the outlook for inflation is increasing, it is not nevertheless vanquished. The phase down from new hikes of 75 basis factors follows feedback previously this thirty day period from Chairman Jerome Powell that the central lender would commence to minimize the total of desire costs likely ahead, even though he vowed to “stay the course” in combating inflation. The future dilemma will be how substantially the Fed raises desire charges in 2023 and how quickly it may hold the line on long run hikes or even start…
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China property stocks surged amid warnings of weak reality, high expectations
China’s housing costs fell in October due mostly to slipping prices in a lot less created, so-termed Tier-3 metropolitan areas, in accordance to Goldman Sachs assessment of official facts. Long run Publishing | Potential Publishing | Getty Images BEIJING — China’s actual estate sector is not but poised for a brief recovery, regardless of a rally this month in shares of significant property developers. That is because current help by Beijing don’t directly solve the primary dilemma of falling home product sales and costs, analysts say. Past 7 days, residence developer stocks surged after information the central lender and banking regulator issued measures that encouraged banking companies to help the…
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