Fitch slashes its GDP forecasts
Headwinds mount, dragging down the outlook for the world's major economies
- By: James Langton
- June 13, 2022 June 13, 2022
- 16:46
Incomes grew faster than debt in the first quarter
Forward-looking metrics signal slowing in Canada, Europe, U.K.
Reduced government financing needs underlies shifts in issuance
Changes to office life look permanent, but shifts in workforce do not
Global issuance stunted by market headwinds, but EM issuers thrive: Moody's ESG
The figure will heighten pressure on the Federal Reserve to continue raising rates aggressively
The search for yield is driving the surge in non-bank lending
Growth in private equity and private credit are mutually reinforcing
High food prices cutting into household finances
Jobless rate has declined for 12 straight months
The organization expects the global economy to expand 3% in 2022, down from the 4.5% it predicted in December
Both traditional funds and crypto-focused funds adding exposure, survey finds
Central banks must fight risk of inflation expectations driving actual prices
Blockchain model can't create network effects needed for economic exchange
Disappointing export numbers drive down the bank's model forecast
FP Canada releases its latest financial stress index
Only 18% of chief U.S. economists say no recession is in the cards
Rising interest rates are causing anxiety in a sector that soared over the last two years
EU's new curbs on Russian oil to dent global supply
The lowest monthly gain in a year was likely enough to keep the Fed on track to pursue aggressive policy
Long-running decline needs policy attention, BMO says