Wealthy west has little excuse after finally waking up to global debt crisis As recent banking failures in US and Europe show, rich countries can act quickly when they want to The Guardian - UK · Apr 13, 2023
Strikes drag UK economic growth to a standstill; mortgage defaults rising as households struggle – as it happened Latest GDP report shows that civil service and teachers’ strikes held back service sector growth, leading to no growth in February The Guardian - UK · Apr 13, 2023
How China changed the game for countries in default The fragile process for dealing with insolvent economies is now at risk of unravelling completely owing to a powerful and unpredictable force in sovereign debt Financial Times · Apr 13, 2023
Australia must navigate 'choppy waters' amid gloomy global economic outlook, says Jim Chalmers Jim Chalmers says his budget will be built on the expectation that the economy will "slow considerably" but Australia is "better placed than most to deal with this global uncertainty". ABC News · Apr 13, 2023
UK confirms further $500 million in loan guarantees for Ukraine Britain is ready to provide an extra $500 million of loan guarantees to Ukraine, taking the total this year to $1 billion, British finance minister Jeremy Hunt said on Wednesday. Reuters · Apr 12, 2023
Zelenskyy calls for confiscating Russian Central Bank funds Ukraine’s president is renewing his call to confiscate Russian Central Bank assets held around the world and use them to help rebuild Ukraine The Independent UK · Apr 12, 2023
ACI and KMX Reported Earnings This Week -- Are Either a Buy? As the March CPI report indicated, core prices are stubbornly high, keeping the Fed’s May interest rate hike in play. Rising interest rates and the recent bank crisis increase the likelihood of a recession this year. Amid this backdrop, should investors buy Albertsons Companies (ACI) and CarMax (KMX), which released… StockNews.com · Apr 12, 2023
The Guardian view on the world economy: another bleak era beckons Editorial: The 2010s were a wasted decade for economies and the environment. The 20s have all the makings of a second The Guardian - UK · Apr 12, 2023
Shameless Liz Truss takes swipe at Joe Biden as she defends failed tax-slashing plans Britain's shortest-serving Prime Minister was accused of having 'zero shame' as she blamed the 'co-ordinated resistance' during her disastrous time in No10 Daily Mirror · Apr 12, 2023
Watch: Bank of England governor speaks in Washington DC amid fears of interest rate hike Andrew Bailey, governor of the Bank of England, spoke at the Institute of International Finance on Wednesday, 12 April, amid fears of interest rate hike. The Independent UK · Apr 12, 2023
UK national debt will continue to rise over next five years, says IMF Forecast by Washington-based body puts at risk Rishi Sunak’s pledge to cut debt as share of GDP The Guardian - UK · Apr 12, 2023
Economist who lambasted Brexit and Liz Truss joins Bank of England New member of Bank’s Monetary Policy Committee believes ‘Brexit is bad for the UK’ The Independent UK · Apr 12, 2023
Global growth forecasts point to a new economic order The center of gravity of global growth is tilting back to the East. Fortune · Apr 12, 2023
IMF slashes cash-strapped Pakistan's growth outlook to 0.5% The International Monetary Fund has slashed the growth outlook for cash-strapped Pakistan, forecasting the South Asian country’s fragile economy will grow just 0.5% this year, down from 6% in 2022 The Independent UK · Apr 12, 2023
The Guardian - UK · Apr 12, 2023 US inflation rate falls to 5.0%; BoE’s Andrew Bailey doesn’t see ‘systemic banking crisis’ – as it happened US CPI dropped more expected last month, but core inflation rose
The Guardian - AU · Apr 12, 2023 The IMF has painted a grim picture of the world economy. What does it mean for Australia? Australian economists say the IMF outlook supports their case for a soft landing after the rapid rise in interest rates
The Guardian - AU · Apr 12, 2023 Afternoon Update: WA braces for powerful cyclone; AFL opens racism investigations; and China’s first H3N8 bird flu death A cyclone powerful enough to ‘pick up a caravan’ is due to hit Western Australia on Thursday
The Independent UK · Apr 12, 2023 Companies skeptical about Egypt's push to ease industry ties Egypt is embarking on a privatization push to help its cash-strapped government after pressure from the International Monetary Fund
ABC News · Apr 12, 2023 IMF warns Australian housing market at high risk of mortgage defaults ahead of global economic downturn The International Monetary Fund says Australia has one of the greatest risks of mortgage defaults in the world, as it warns of a significant downturn in global economic growth for the year ahead.
The Guardian - AU · Apr 11, 2023 IMF expects Australia’s economy to slow amid ‘perilous’ international pressures International Monetary Fund forecast echoes predictions from Treasury and RBA and warns ‘ominous forces’ may be behind global economic strains
The New Daily · Apr 11, 2023 IMF warns deeper financial turmoil would hit growth The International Monetary Fund has trimmed its 2023 global growth outlook slightly as higher interest rates cool activity.
Daily Mirror · Apr 11, 2023 UK will be worst performing G7 nation this year as economy shrinks, experts predict The International Monetary Fund thinks UK plc will shrink 0.3%, and the only other advanced economy in the G7 group expected to decline is Germany’s, by 0.1%
France 24 · Apr 11, 2023 Alibaba unveils chatbot as China tightens rules on AI Alibaba is the latest tech company to enter the artificial intelligence race, as it unveils its own chatbot, Tongyi Qianwen. But it could face restrictions before even launching, as authorities in Beijing have outlined draft regulations to govern AI, including the stipulation that such platforms will reflect the core values…
Fortune · Apr 11, 2023 'The situation is quite fragile': The IMF just issued its weakest outlook for the world economy in 3 decades The IMF is worried about a “hard landing,” with sticky inflation meaning the odds of a recession have “risen sharply.”
Daily Record · Apr 11, 2023 SNP blame 'Tory economic incompetence' as UK set for worst growth in G7 The International Monetary Fund said the UK's economy will grow slower than most other G20 countries.