Global finance chiefs gather in Washington in the coming days with the warning of a possible $4 trillion loss in the world’s economic output ringing in their ears. Know more:
Global finance chiefs gather in Washington in the coming days with the warning of a possible $4-trillion loss in the world’s economic output ringing in their ears.
The current confluence of economic, climate and security crises makes it unlike anything global policy makers have seen since 1945. Yet certain elements, such as the emerging-market havoc wreaked by Federal Reserve interest-rate hikes in the early 1980s, chime with the present predicament. Economists estimate the CPI rose 8.1% in September from a year ago, marking a deceleration from the prior month’s 8.3% annual increase as energy prices settled back. However, excluding fuel and food, the so-called core CPI is still accelerating—it’s expected to show a 6.5 percent annual gain, versus 6.3 percent in August.
The week will be capped by retail sales data. Economists forecast a modest monthly advance in September, helped by a pickup in purchases of motor vehicles. Excluding cars, the value of retail sales is seen declining for a second month. Because the figures aren’t adjusted for inflation, the data suggest demand for merchandise slowed in the third quarter.Bank of Korea Governor Rhee Chang-yong may resort to a mini U-turn on the scale of rate hikes.
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.
Food-service sales seen to expand by 12% Y-o-Y - BusinessMirrorTHE country’s food-service sales this year is projected to expand by 12 percent year-on-year to a 3-year high of $9.36 billion that, an international agency added, is driven by the reopening of full-service restaurants following the easing of restrictions against Covid-19. However, the United States Department of Agriculture-Foreign Agricultural Service (USDA-FAS) in Manila said the
Read more »
DAR vows to fast-track World Bank-backed project - BusinessMirrorThe Department of Agrarian Reform (DAR) is stepping up the implementation of the World Bank-funded Support to Parcelization of Lands for Individual Titling (SPLIT) project. The agency recently held a 3-day Environmental and Social Assessment (ESA) and Environmental and Social Management Framework (ESMF) review. The event was held in compliance with the call of the
Read more »
World hoops in 1978: Worth remembering - BusinessMirrorRELEVANT officials from the Samahang Basketbol ng Pilipinas (SBP), the national federation for the sport, had a look-see on how the recent Eurobasket 2022 was organized by host Germany in Berlin. The SBP delegates were there primarily to get the feel of how close the FIBA (International Basketball Federation) 2023 World Cup could be when
Read more »
Stiff battle for points in sprints, climbs in Langkawi - BusinessMirrorWITH 23 sprints and 19 mountain zones spread across the 1,105.1km route, riders needs to be in top shape and fully prepared to endure eight days of racing under Malaysia’s tropical heat in this year’s Petronas Le Tour de Langkawi 2022 which starts in Kuala Pilah on Tuesday. Expect the yellow and the sprints jersey
Read more »