Central banks’ rate push a risk to growth, and other economy stories to read this week

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Gabi Thesing, Senior Writer, Forum Agenda 1. Central banks’ rate rises threaten economic growth The world’s major central banks are still doubling down on inflation and will continue to hike interest rates, raising the risk of throttling economic […]

US debt ceiling suspended, and other economy stories you need to read this week

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum./ Author: Joe Myers, Writer, Forum Agenda 1. US passes bill to suspend debt ceiling The United States House of Representatives and the US Senate have passed a bill to suspend the country’s $31.4 trillion debt ceiling. There was support for […]

US and German GDP show consumers are central to recovery, and other economy stories you need to read this week

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum./ Author: Gabi Thesing, Senior Writer, Forum Agenda 1. Revised US and German growth data shows consumers hold key to recovery The US economy grew more than previously reported in the first quarter thanks to stronger consumer spending, while revised estimates […]

US and German GDP show consumers are central to recovery, and other economy stories you need to read this week

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Gabi Thesing, Senior Writer, Forum Agenda 1. Revised US and German growth data shows consumers hold key to recovery The US economy grew more than previously reported in the first quarter thanks to stronger consumer spending, while revised estimates […]

US edges closer to debt default, and other economy stories you need to read this week

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum./ Author: Ian Shine, Senior Writer, Forum Agenda 1. US edging closer to default amid debt ceiling deadlock Political deadlock over raising the United States’ $31.4 trillion debt ceiling is threatening to push the country into an unprecedented default by as […]

US banking concerns widen and interest rates climb again, plus other economy stories you need to read this week

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Ian Shine, Senior Writer, Forum Agenda 1. US banking concerns widen as regulators seize First Republic US regulators seized First Republic Bank and sold its assets to JPMorgan Chase this week, in a deal to resolve the largest US […]

US interest rate rises may be on the way, China seeks ‘stability’, and other economy stories you need to read this week

MEPs adopt proposals to tackle Europe’s housing crisis This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Ian Shine, Senior Writer, Forum Agenda 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 […]

India’s economy stutters, Eurozone inflation falls less than expected, and other economy stories you need to read this week

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Ian Shine, Senior Writer, Formative Content 1. India’s economy stutters, but remains on track to lead world growth India’s economic growth slowed further in October-December, but the government is retaining its growth forecast of 7% for 2022-2023 – a […]

Global debt drops but hits record high in developing countries, plus other economy stories you need to read this week

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Ian Shine, Senior Writer, Formative Content 1. Global debt drops for first time since 2015, but hits record level in developing countries The amount of debt in the global economy saw its first annual fall in dollar terms last […]

EU raises growth forecasts, Turkey faces $85 billion in quake costs and other economy stories you need to read this week

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Ian Shine, Senior Writer, Formative Content 1. EU raises growth forecast, expects to avoid recession The European Union’s economic growth is likely to be stronger than expected this year, the European Commission says. It also believes economic activity will […]

World food prices falling, and other economy stories you need to read this week

Simpler food and feed safety rules while upholding high health standards and boosting competitiveness of EU producersThis article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Ian Shine, Senior Writer, Formative Content 1. World food prices falling, but warnings over year ahead World food prices fell in January for a 10th consecutive month, and are now down 18% from the record high they hit last […]

IMF raises global growth forecasts for 2023 and other economy stories you need to read this week

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. 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 […]

World Bank warns global economy could tip into recession in 2023 – and other economy stories you need to read this week

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Stephen Hall, Writer, Formative Content 1. World Bank warns global economy could tip into recession in 2023 The World Bank slashed its 2023 growth forecasts on 10 January to levels teetering on the brink of recession for many countries […]

India expected to be world’s fastest growing economy in 2023 and other economy stories you need to read this week

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Stephen Hall, Writer, Formative Content 1. India expected to be world’s fastest growing economy in 2023 India is set to be the world’s fastest growing major economy in the year ahead, as a post-pandemic retail boom and recent bank […]
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