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America’s largest bank preparing for a worsening economy Consumer demand will be threatened next year by inflation, according to executives. Just a decade ago, central bankers were hailed for their role in rescuing economies from the global financial crisis, now have their reputation online Because they are grappling with inflation not seen in decades.
central bank of india Raise the key policy rate 35 basis points to 6.25%, the highest level in more than three years and the fifth straight increase, while the Bank of Canada Benchmark overnight rate expected to rise reached the highest level in 14 years.
In the hazy outlook for all major central banks next year, The trajectory of the Bank of England The Reuters columnist said it looked particularly uncertain as markets appeared to be at odds with BoE guidance and forecasters Mike Dolan.
China import and export Shrinking at fastest pace in at least 2-1/2 years The world’s second-largest economy was under intense pressure in November due to weak global and domestic demand, production disruptions caused by the coronavirus pandemic and a slump in the domestic housing market.
Gross domestic product of the euro area Growth was slightly higher than initially estimateddata from Eurostat, the European statistics office, showed household spending and business investment propping up the economy.
Taiwanese chipmaker TSMC says it will more than three times the planned investment The $40 billion investment in the new Arizona plant is one of the largest foreign investments in U.S. history, and President Joe Biden toured and praised the project.
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