Bank deposits are expected to shrink, first in 80 yrs
Industry experts forecast a decline in bank deposits in the coming weeks due to interest rate hikes by the Fed....
Tag : inflation
Why US investors are worried about a recession
US economy shrank in the first quarter of 2022, but the market correction offers some respite....
Apple to keep iPhone production target unchanged in 2022
Output plateaus at 220 mn due to supply chain disruptions....
Malaysia to review proposed cut in palm oil export tax, says minister
The Finance Ministry has been requested to reduce the tax from 8% to 4%-6%....
US inflation rate slows to 8.3% in April
Core CPI rate of inflation preferred by the Fed rises by a higher than expected 0.6%....
Sri Lanka deploys soldiers at petrol pumps to enforce rationing
The country is going through a major economic crisis due to a foreign currency shortage....
The impact of rising energy bills on ordinary Europeans
This comes at a time when Europe and the UK as a whole are suffering from low reserves....
Bank Indonesia to reduce liquidity in 2022 and keep rates low until inflation rises
The bank forecast the economy to expand between 3.2% and 4%...
Saudi Arabia’s inflation rate increases in April to 5.3%
The increase is primarily due to the rise in food and transport prices...
Iran lawmakers fire finance minister as economic woes mount
The country’s parliament voted Sunday to fire the country’s finance minister amidst the economic turbulence caused by America’s withdrawal from the nuclear deal...