Corporate earnings growth is expected to slow in the year ahead in many countries as higher inflation and rising interest rates take an even bigger toll and companies brace for the likelihood of a global economic downturn. US companies are forecast to have the slowest full-year profit growth since 2020 and the start of the coronavirus
Bank of Japan (BOJ) Governor Haruhiko Kuroda on Monday brushed aside the chance of a near-term exit from ultra-loose monetary policy, although markets and policymakers are signalling an increasing focus on what comes after Kuroda’s tenure ends. Investors have continued to push up Japanese government bond (JGB) yields
Finance leaders from the Group of 20 major economies view inflation and geopolitical risks as threats to a global recovery from the COVID-19 pandemic
Eurozone inflation rose to a new record high last month, defying expectations for a big drop and adding to already copious doubts that price pressures are as benign and temporary as the European Central Bank still expects. Inflation in the 19-country eurozone accelerated
Bank of England (BoE) Governor Andrew Bailey said on Wednesday a risk “very clearly” existed that inflation, which is running at a 30-year high, gets embedded in Britain’s economy if a cycle of higher prices keeps pushing up wages.
India’s retail inflation eased to a four-month low in August on softer food prices as supply side constraints eased following the lifting of pandemic-related restrictions,
US and European stocks mostly fell on Friday as inflation and growth fears pulled the rug out from under a rally driven by hopes of an easing in tensions between the US and China.
The German government’s council of economic advisers more than halved its growth forecast for Europe’s largest economy on Wednesday and flagged a “substantial” recession risk as a result of Russia’s invasion of Ukraine.
The International Monetary Fund (IMF) said it approved a $500 million disbursement to Pakistan for budget support after the IMF Executive Board completed delayed reviews of Pakistan’s $6 billion loan programme.