Several Asian central banks must raise interest rates rapidly because inflationary pressures are rising due to a global surge in food and fuel costs caused by the war in Ukraine, said a senior International Monetary Fund (IMF) official. “Asia’s growing inflation pressures remain more moderate compared with other regions, but price increases in many countries […]
economies
Global tensions to force trade slowdown in 2019: WTO
Global trade growth is expected to be lower in 2019 than it was last year, the World Trade Organization forecast on Tuesday, citing widespread “tensions” and economic uncertainty. The WTO had in its preliminary estimates predicted a 3.7 percent expansion of trade for this year, but has revised that down to 2.6 percent, marking a […]