Budget 2023: Massa projects 2% growth and 60% inflation
Synopsis by Global News Sep 30 22
An economic slowdown is widely expected in the nation as the Bank of Canada aggressively raises interest rates to cool high inflation.Read full article 
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Budget 2023: Massa projects 2% growth and 60% inflation: Gross domestic product will grow 2% in 2023, with the government aiming for a fiscal deficit of 1 ...
batimes.com.ar/news/economy/budget-2023-massa-projects-2-growth-and-60-inflation.phtml
What was Canada’s economy like in July? Statistics Canada to release GDP data: An economic slowdown is widely expected in the nation as the Bank of Canada ...
globalnews.ca/news/9164259/canada-july-gdp-data/
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Budget 2023: Massa projects 2% growth and 60% inflation: Gross domestic product will grow 2% in 2023, with the government aiming for a fiscal deficit of 1 ...
batimes.com.ar/news/economy/budget-2023-massa-projects-2-growth-and-60-inflation.phtml
What was Canada’s economy like in July? Statistics Canada to release GDP data: An economic slowdown is widely expected in the nation as the Bank of Canada ...
globalnews.ca/news/9164259/canada-july-gdp-data/
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- Cash and bank deposits remain the largest component of wealth.
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US deficit poses ‘significant risks’ to global economy, warns IMF: Fund also cites concerns over fiscal ‘imbalances’ in UK, China and Italy
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Quick Glance: IMF Warns of Fiscal Deficits in US and China
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- Concerns were also raised about Chinese government debt, with the country projected to have a deficit of 7.6 per cent in 2025, more than double the average for other emerging markets.
- In addition to the US and China, the fund named two more countries that “critically need to take policy action to address fundamental imbalances between spending and revenues”.
- The IMF noted that “large and sudden increases” in US borrowing costs typically lead to surges in government bond yields globally and exchange rate turbulence in emerging markets and developing economies.
UK inflation falls as crumpet and meat prices drop: New official figures show that inflation, the rate at which prices rise over time, fell again in March.
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- Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.
- Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.
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