NEWS: MFAT - Weekly Global Economic Roundup 3rd July 2023

New Zealand Ministry of Foreign Affairs & Trade
 

The latest edition of the weekly global economic round-up has been published online.

This week's highlights include: 

 

  • The Bank of International Settlements described the global economy as being at a “critical and perilous juncture” as policymakers seek to manage financial vulnerabilities and bring inflation under control.

  • The heads of US, UK and European central banks told a conference in Portugal that further rate hikes may be needed to bring inflation into target bands in the face of tight labour markets.

  • Sri Lanka’s government has agreed a proposal to restructure US$42 billion of domestic debt under the terms of its US$3 billion IMF bailout. 



Read more here. . . Weekly Global Economic Roundup 3rd July 2023

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