Illustration: Aïda Amer/Axios Over the last year, the world’s major central banks have tightened their policies more rapidly than has been seen in decades, ending an era of ultra-low interest rates that had become a basic assumption across global commerce and finance. We are now in the early stages of […]
Economy News
BEIJING (AP) — China’s economic growth accelerated in the latest quarter as consumer flocked back to shops and restaurants following the abrupt end of anti-virus controls. The 4.5% growth in gross domestic product from January to March compared to the same period in 2022 was the fastest in the past […]
China’s economy grew 4.5% in the first quarter of 2023, beating expectations. Steven Han | Moment | Getty Images Analysts at JPMorgan and Citi raised their full-year forecasts for China’s economy after it delivered an impressive first-quarter gross domestic product growth of 4.5% on Tuesday. JPMorgan raised its 2023 growth […]
Don’t bank on California, especially when banks are involved. Silicon Valley Bank’s collapse is widely discussed as a harbinger of the future, a sign of problems in technology businesses that were its best customers. But this bank failure actually fits a very old pattern — of California putting the world […]
The good news on inflation continues, with producer prices falling 0.5% in March, the Bureau of Labor Statistics reported on Thursday. The number was considerably better than the flat reading expected, while the annual rate fell to 2.7% from the revised 4.9% of a month earlier. Economists had predicted a […]
WASHINGTON (AP) — The outlook for the world economy this year has dimmed in the face of chronically high inflation, rising interest rates and uncertainties resulting from the collapse of two big American banks. That’s the view of the International Monetary Fund, which on Tuesday downgraded its outlook for global […]