The Federal Reserve pushed back its expected date when central bankers would begin raising the US benchmark interest rate, raising optimism about the labor market and inflation concerns.
Growth expectations for Italy and the rest of Europe are improving amid a reopening and more vaccinations against COVID-19. In China, the economic recovery appears to be stabilizing, with a shift towards consumer-driven demand.
Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy:
fed official Optimism about the labor market and rising concerns for inflation accelerated their expected pace of tightening policy. His forecasts showed he forecast two interest rate hikes by the end of 2023 – sooner than was thought – and he upgraded inflation projections for the next three years.
A delay in the lifting of all restrictions on public life in England is unlikely to lead to a speedy recovery this year, with Bloomberg Economic predicting that the UK economy will still regain its position. Pre-virus levels in the last quarter of 2021.
Italy’s economy may grow More than 5% this year, according to two government officials – faster than the latest predictions by the central bank, the OECD and the European Commission.
China’s economy stagnant for second month, a sign that post-pandemic recovery is high Steady phase and that growth is slowly being rebalanced towards the consumer.
The People’s Bank of China may have created Stealth cash injection: Its claims on other depository corporations, a gauge measuring central bank cash injections, jumped to 470 billion yuan ($73 billion) in May, the highest in six months.
Uganda’s central bank shocked With benchmark interest rate cut to the lowest level ever, economic recovery still needs monetary policy support, making it the third institution in Africa to lower borrowing costs this year after Ghana and the Democratic Republic of Congo.
Policy wrong move, rooted corruption and over dependence on crude oil means Nigeria – which makes up a quarter of Africa’s economy – is at risk of becoming the continent’s biggest problem.
Governments and companies are beginning to pay attention to the need to understand its economic implications. Menopause. Symptoms begin in women aged 45 to 55, who make up 11% of the workforce in the Group of Seven industrialized countries.
Real estate prices around the world are flashing bubble warnings of the kind that haven’t been seen since the run By The 2008 financial crisis according to Bloomberg Economics. New Zealand, Canada and Sweden rank as the world’s Coldest housing market. The UK and US are also at the top of the risk rankings.
– With assistance from Dan Hanson, Neeraj Shah, Chiara Albanese, Lizzie Burden, John Liu, Yujing Liu, Wenjin Love, Alessandra Migliacio, Helen Nyambura, Alonso Soto, James Meager, Lin Zhu and Tom Hancock