The Kākā by Bernard Hickey
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Dawn Chorus: IMF warns of slowing growth
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Dawn Chorus: IMF warns of slowing growth

IMF says it will downgrade its 2023 global growth forecasts again and sees recession for a third of global economy; Oil prices up after Opec+ production cut shock; Govt failing electric fleet plan
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TLDR: There are fresh signs this morning the global economy is slowing, which should take some pressure off central banks determined to hike rates to slow down growth and inflation even more.

The IMF has downgraded its global growth forecasts and says even where growth is positive, it will feel like a recession because of shrinking real incomes and risin…

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The Kākā by Bernard Hickey
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The latest daily snapshot of the news, detail, insight and analysis on geo-politics, the global economy, business, markets and the local political economy for citizens and decision-makers of Aotearoa-NZ.