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You are at:Home»Economy»Macro briefing: June 26, 2023
Economy

Macro briefing: June 26, 2023

bizfinnews.comBy bizfinnews.com28 June 202302 Mins Read
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* Putin survived the mini-blow launched by Wagner, but his authority take a hit
* The oil market could face new supply risks after the failure of the uprising in Russia
* The global economy at a crucial point as the fight against inflation continues, advise BIS
* The growing global economy rests on consumers for growth
* The global debt crisis is becoming more and more complicated due to the US-China rivalry
* Enterprise defaults double compared to the level a year ago, reports Moody’s
* Chinese consumer, factor data edge up but still underline the weakness of the economy
* The recent weakening of the yen could be threat to the Japanese economy
* Rise in company defaults related to rising interest rates, economic uncertainty
* Pandemic effects, government aids booster economic resilience, at least for now:

Is the United States in a so-called sliding recession? While a modest expansion still looks intact from a gross domestic product (GDP) perspective, one analyst says a closer look reveals weakness. “We call it a continuing recession,” David Bailin, chief investment officer at Citi Global Wealth Investments recount Yahoo funds. He points out that some sectors of the economy are in decline compared to strong growth in others, including travel and leisure. “It is clear that commercial real estate is in a recession. Part of our manufacturing, consumer staples manufacturing is in a recession right now. »


By James Picerno | June 26, 2023 at 7:06 a.m. EDT | Comment

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