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Article on tag "USA"

Meager Growth
Meager Growth
(c) SAUL LOEB / AFP / picturedesk.com

Meager Growth

Global growth is likely to cool significantly in the second quarter. At the same time, recession risks remain uncomfortably high, as Chief Economist Gerhard Winzer writes in his market commentary. The further course of negotiations on the US debt ceiling is also likely to cause tension on the market.

OPEC Cuts Oil Production by 2m Barrels per Day, Sparking Criticism From the West
OPEC Cuts Oil Production by 2m Barrels per Day, Sparking Criticism From the West
(c) VLADIMIR SIMICEK / AFP / picturedesk.com

OPEC Cuts Oil Production by 2m Barrels per Day, Sparking Criticism From the West

Last Wednesday, the countries of the OPEC+ oil alliance decided on a comprehensive reduction in oil production. As early as November, 2 million barrels less per day will be produced. Many countries fear a rise in oil prices.

For some time valid: Elevated recession risks and restrictive monetary policy
For some time valid: Elevated recession risks and restrictive monetary policy
(c) iStock

For some time valid: Elevated recession risks and restrictive monetary policy

The central banks want to achieve their long-term inflation target of 2%. In order to achieve this goal, they have raised key interest rates and are implementing a restrictive monetary policy. The higher key interest rates will weaken economic growth and also the labour market. Whether this can be achieved without a recession or whether there will be a “soft landing” is currently the subject of heated debate.