IMF Cuts Forecast For Global Growth And Issues Recession Warning

On Tuesday, the International Monetary Fund (IMF) cut its forecast for global growth and warned that risks of downside from the Russia-Ukraine war and high inflation were finally materializing. It also warned that if these issues were left unchecked, they could drive the global economy to the brink of a recession. Economic outlook darkens Updating … Read more

BoE May Return 100 Pounds Of QE In A Year

Andrew Bailey, the Governor of the Bank of England (BoE), stated that the central bank was aiming to bring down its British government bond holdings. He said that they plan on reducing it from 100 billion pounds to 50 billion pounds in a year’s time and it intends to use a combination of gilt redemptions … Read more

Big US Banks See A Slowdown In Loan Growth

US bank executives were optimistic about loan growth, as there was a rebound in borrowing demand from business and retail customers. However, they also warned that there could be a weakness in demand later in the year if consumer confidence suffers because of the worsening outlook of the economy. Loan growth One of the primary … Read more

Wall Street Stocks Worried About Economic Storms

Fed- Bank of England

The biggest banks on Wall Street were very cautious about economic headwinds in the future and they also opted to reduce risks in some areas, while they assess the possibility and severity of an economic recession. In fact, Jamie Dimon of JPMorgan said that the current environment was quite similar to a ‘storm’. Tough times … Read more