Global macroeconomic news
Here are some recent global macroeconomic news and updates:
Global Economy
- The International Monetary Fund (IMF) has downgraded its global growth forecast for 2023 to 3.2%, citing rising inflation, supply chain disruptions, and the ongoing COVID-19 pandemic. (Source: IMF)
- The World Bank has also cut its global growth forecast to 3.1% in 2023, citing concerns over the impact of high inflation, interest rates, and the war in Ukraine. (Source: World Bank)
United States
- The US economy grew at an annualized rate of 2.1% in the fourth quarter of 2022, according to the Bureau of Economic Analysis (BEA). (Source: BEA)
- The Federal Reserve has raised interest rates by 25 basis points to 4.5-4.75%, citing concerns over inflation and the need to maintain a "neutral" monetary policy stance. (Source: Federal Reserve)
- The US unemployment rate fell to 3.6% in January, its lowest level since 1969, according to the Bureau of Labor Statistics (BLS). (Source: BLS)
Europe
- The European Central Bank (ECB) has raised interest rates by 50 basis points to 2.5%, citing concerns over inflation and the need to maintain price stability. (Source: ECB)
- The eurozone economy grew at an annualized rate of 0.1% in the fourth quarter of 2022, according to the European Commission. (Source: European Commission)
- The UK economy contracted by 0.2% in the fourth quarter of 2022, according to the Office for National Statistics (ONS). (Source: ONS)
Asia
- China's economy grew at an annualized rate of 4.8% in the fourth quarter of 2022, according to the National Bureau of Statistics (NBS). (Source: NBS)
- Japan's economy contracted by 0.6% in the fourth quarter of 2022, according to the Ministry of Internal Affairs and Communications. (Source: Ministry of Internal Affairs and Communications)
- India's economy grew at an annualized rate of 6.6% in the fourth quarter of 2022, according to the Ministry of Statistics and Programme Implementation. (Source: Ministry of Statistics and Programme Implementation)
Emerging Markets
- Brazil's economy grew at an annualized rate of 1.2% in the fourth quarter of 2022, according to the Brazilian Institute of Geography and Statistics (IBGE). (Source: IBGE)
- Russia's economy contracted by 2.5% in 2022, according to the Russian Federal State Statistics Service (Rosstat). (Source: Rosstat)
- South Africa's economy contracted by 0.7% in the fourth quarter of 2022, according to the South African Reserve Bank. (Source: South African Reserve Bank)
These are just a few examples of recent global macroeconomic news and updates. If you're looking for more information or specific data, please let me know!