Citigroup on Wednesday forecast global growth to slow to below 2 percent next year, echoing similar projections by major financial institutions such as Goldman Sachs, Barclays, and J.P. Morgan. | Reuters
It expects year-on-year U.S. inflation at 4.8 percent next year, with the U.S. Federal Reserve’s terminal rate seen between 5.25 percent and 5.5 percent.
Among other geographies, Citi sees the UK and euro area falling into recession by the end of this year, as both economies face the heat of energy constraints on supply and demand front, along with tighter monetary and fiscal policies.In China, the brokerage expects the government to soften its zero-COVID policy, which is seen driving a 5.6% growth in gross domestic product next year.
Emerging markets, meanwhile, are seen growing 3.7 percent, with India’s 5.7 percent growth — slower than this year’s 6.7 percentprediction — seen leading among major economies.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WATCH: The Internet is obsessed with Jenna Ortega's choreographed Wednesday Addams danceWith the Addams Family's offbeat dark humor, Burton's vision, and Jenna's fresh delivery of the classic character, it's quickly becoming a cult favorite among fans. And a certain scene is turning heads for its classic Addams feel.
Read more »
CCTO warns motorists of possible heavy traffic at SRP on WednesdayThe CCTO said that even though there will be no road closure during the duration of the event, motorists are still advised to use alternative routes to avoid traffic congestion at the Cebu South Coastal Road at the SRP. CDNDigital
Read more »
Bohol’s Amparo eyes WBA Asia minimumweight belt vs tough Vietnamese this WednesdayCEBU CITY, Philippines--- Boholano prospect Jake "El Bambino" Amparo is itching to take on Vietnamese Huu Toan Le and grab the World Boxing Association (WBA) Asia minimumweight belt in
Read more »
PH to have fair weather with chances of rain on WednesdayMetro Manila and most parts of the country will experience generally fair weather with chances of rain on Wednesday, said the state weather bureau in its latest forecast. | JMangaluzINQ
Read more »
‘Wednesday’ Addams series sets premiere record on Netflix; ‘Reborn Rich’ in top 10“Wednesday,” the supernatural mystery about Wednesday Addams of The Addams Family set a new record on Netflix for its premiere. READ:
Read more »