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18 Aug 23
Recent global developments will have a “lasting impact” on growth in major economies, with potential GDP growth not catching up with its pre-pandemic trend any time soon, experts have warned.
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27 Jul 23
Invasion of Ukraine isn’t holding back growth but inflation remains stubborn
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4 Jul 23
Headline inflation across the OECD has continued to fall, hitting the lowest level since before Russia’s invasion of Ukraine.
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29 Jun 23
Governors of major central banks have said there is more “ground to cover” on interest rates, despite concerns over economic slowdowns.
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26 Jun 23
Governments should raise taxes or cut spending in a bid to reduce the burden on monetary policy in the fight against inflation, a central bank body has argued.
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23 Jun 23
Turkey has nearly doubled its interest rates, reversing its longstanding controversial approach of loosening monetary policy to deal with extraordinarily high inflation.
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22 May 23
The Ukraine war is set to push up global borrowing despite more expensive costs, the OECD has said.
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3 May 23
The impact of prolonged high inflation is set to hit growth across the Middle East and North Africa this year and accelerate the need for economic reforms, the International Monetary Fund has said.
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25 Apr 23
Rising prices have squeezed take-home pay in most OECD countries because wages have not kept up and income tax thresholds were frozen.
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21 Apr 23
The Australian government has announced major reform of the country’s central bank after criticism over its handling of inflation led to them carrying out a review.
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19 Apr 23
A corporation tax windfall combined with a “remarkably resilient” economy will push the Irish budget into surplus this year, senior ministers have revealed.
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11 Apr 23
Recent interest rate hikes by central banks across the globe will likely be reversed once inflation subsides, economists at the International Monetary Fund have predicted.
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14 Mar 23
The removal of Covid-19 restrictions in China will boost global growth this year but concerns over inflation and high interest will limit growth, economists at Fitch have said.
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24 Feb 23
The world’s largest economies must focus on supporting the most vulnerable people and countries to ensure the world economy recovers properly from Covid-19, Indian prime minister Narendra Modi has...
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8 Feb 23
Using up foreign reserves to meet soaring costs will restrict Egypt’s ability to service its debt and was named as a major contributor to a cut in its credit rating by ratings agency Moody’s.
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7 Feb 23
The Reserve Bank of Australia has lifted its main lending rates for the ninth successive time in a bid to bring inflation under control.
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2 Feb 23
Major central banks have continued to hike interest rates in a bid to tame inflation, which remains at multi-decade highs.
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27 Jan 23
The economic slowdown exacerbated by high inflation could undermine hard-won progress on sustainable development goals, the United Nations has said.
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20 Jan 23
To meet borrowing needs, the Egyptian government will have tough decisions to make following the approval of a $3bn International Monetary Fund loan.
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17 Jan 23
Concerns over an extended period of high inflation will lead to the European Central Bank raising interest rates higher than expected, ratings agency Fitch has said.
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6 Jan 23
US president Joe Biden has hit back at claims the world’s largest economy is set for a recession this year, saying it was instead headed towards a “new plateau” of steady (albeit lower) growth.
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3 Jan 23
Central banks across the world must continue using policy measures to limit inflation, despite fears over slower global economic growth, the head of the International Monetary Fund has said.
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16 Dec 22
Major central banks have continued to raise interest rates in a bid to tame high inflation, but predicted the pace of additional hikes will slow in the new year.
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13 Dec 22
Global government debt has dropped but the downturn will add to budget pressures, the IMF has warned.
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2 Dec 22
The recovery of tax income last year could be eroded by the rising inflation and the risk of a global recession next year, economists at the OECD have warned.
18 Aug 23Recent global developments will have a “lasting impact” on growth in major economies, with potential GDP growth not catching up with its pre-pandemic trend any time soon, experts have warned.
27 Jul 23Invasion of Ukraine isn’t holding back growth but inflation remains stubborn
4 Jul 23Headline inflation across the OECD has continued to fall, hitting the lowest level since before Russia’s invasion of Ukraine.
23 Jun 23Turkey has nearly doubled its interest rates, reversing its longstanding controversial approach of loosening monetary policy to deal with extraordinarily high inflation.
25 Apr 23Rising prices have squeezed take-home pay in most OECD countries because wages have not kept up and income tax thresholds were frozen.
21 Apr 23The Australian government has announced major reform of the country’s central bank after criticism over its handling of inflation led to them carrying out a review.
19 Apr 23A corporation tax windfall combined with a “remarkably resilient” economy will push the Irish budget into surplus this year, senior ministers have revealed.
24 Feb 23The world’s largest economies must focus on supporting the most vulnerable people and countries to ensure the world economy recovers properly from Covid-19, Indian prime minister Narendra Modi has...
8 Feb 23Using up foreign reserves to meet soaring costs will restrict Egypt’s ability to service its debt and was named as a major contributor to a cut in its credit rating by ratings agency Moody’s.
2 Feb 23Major central banks have continued to hike interest rates in a bid to tame inflation, which remains at multi-decade highs.
20 Jan 23To meet borrowing needs, the Egyptian government will have tough decisions to make following the approval of a $3bn International Monetary Fund loan.
17 Jan 23Concerns over an extended period of high inflation will lead to the European Central Bank raising interest rates higher than expected, ratings agency Fitch has said.
6 Jan 23US president Joe Biden has hit back at claims the world’s largest economy is set for a recession this year, saying it was instead headed towards a “new plateau” of steady (albeit lower) growth.
3 Jan 23Central banks across the world must continue using policy measures to limit inflation, despite fears over slower global economic growth, the head of the International Monetary Fund has said.
