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THE world’s top central bankers, led by Federal Reserve chairman Jerome Powell, have warned that rising demand pressures and supply chain bottlenecks are continuing to hold back recovery of the world economy, and have helped to fuel more elevated price pressures as they have intensified.
KUALA LUMPUR: Global gross domestic product (GDP) is expected to grow by 5.5 per cent this year and 4.1 per cent in 2022 as the Omicron variant's arrival increases uncertainty and downside risk about the near-term trajectory, according to Moody’s Analytics.
KUALA LUMPUR: The ringgit slipped further to open lower against the US dollar on Wednesday as the greenback maintains its bullish move ahead of the United States' (US) economic data release, an analyst said.
NEW YORK: As United States stocks are hit with a bout of volatility, some investors are looking to European equities, attracted by lower valuations and the region’s nascent emergence from the Covid-19 pandemic.
THE dollar weakened by 0.27% to 90.61, marking the fourth consecutive week of decline.
LONDON: Britain looks set to see faster economic growth than the United States this year as the country races ahead with its vaccination programme after its slump in 2020, Goldman Sachs said.
SYDNEY: Asian stocks climbed to six-week highs on Monday amid signs the world economic recovery was still well on track, though rising COVID-19 cases in the region weighed on sentiment, pushing oil prices lower.
WASHINGTON, April 7 (China Daily/ANN) - The International Monetary Fund on Tuesday predicted China's economy to grow at 8.4 percent this year, which is 0.3 percentage point stronger than in its January forecast, while global growth is expected to reach 6 percent in 2021, a higher-than-expected recovery that could face "daunting challenges" ahead.