International economic news

Here are some recent international economic news stories:

Global Economy

• The International Monetary Fund (IMF) has cut its global economic growth forecast for 2023 to 3.2%, citing rising inflation, supply chain disruptions, and the ongoing COVID-19 pandemic. (Source: Reuters)
• The World Bank has warned that the global economy is facing a "delicate" situation, with rising debt levels and slowing growth in many countries. (Source: Bloomberg)

United States

• The US Federal Reserve has raised interest rates for the fifth time this year, citing rising inflation and a strong labor market. (Source: CNBC)
• The US economy grew at an annual rate of 2.1% in the second quarter, slightly below expectations. (Source: The New York Times)

Europe

• The European Central Bank has kept interest rates unchanged, citing low inflation and a slowing economy. (Source: The Financial Times)
• The UK economy has contracted by 0.1% in the second quarter, its first decline in nearly a year. (Source: The Guardian)

Asia

• China's economy grew at an annual rate of 7.9% in the second quarter, slightly above expectations. (Source: The Wall Street Journal)
• Japan's economy has contracted by 0.8% in the second quarter, its first decline in over a year. (Source: The Nikkei)

Emerging Markets

• Turkey's economy has been hit by a currency crisis, with the lira falling to a record low against the US dollar. (Source: The Financial Times)
• Argentina's economy has been struggling with high inflation and a currency crisis, with the peso falling to a record low against the US dollar. (Source: Bloomberg)

Trade

• The US and China have agreed to a "phase one" trade deal, which will see China increase its purchases of US goods and services. (Source: The New York Times)
• The US and the European Union have agreed to a new trade deal, which will eliminate tariffs on certain goods and services. (Source: The Wall Street Journal)

Cryptocurrencies

• The value of Bitcoin has fallen to its lowest level in over a year, amid concerns about the cryptocurrency's volatility and regulatory uncertainty. (Source: The Financial Times)
• The value of Ethereum has also fallen, amid concerns about the cryptocurrency's scalability and regulatory uncertainty. (Source: CoinDesk)