ECB cuts growth outlook but raises key 2024 inflation projection
FRANKFURT (Reuters) – The European Central Bank cut its growth projections for the next two years while lifting some of its inflation forecasts, raising the spectre of stagflation, a period when the…
Fed’s Mester sticks with December interest rate projection for now
(Reuters) – Cleveland Federal Reserve President Loretta Mester said on Friday that she was keeping to her previous forecast made at the end of last year for the U.S. central bank’s interest…
ECB raises inflation, cuts 2023 growth projection
FRANKFURT (Reuters) – The European Central Bank raised its inflation projections for the euro zone on Thursday and said price growth would remain above its 2% target throughout a projection horizon that…
Bolivia lowers 2023 growth projection as general strike goes on
LA PAZ (Reuters) – Bolivia’s economy is forecast to grow 4.8% in 2023, less than the 5.1% growth previously forecast, the government announced on Monday during the presentation of next year’s budget.…
Costa Rica cenbank raises 2022 growth projection to 4.3% as tourism recovers
SAN JOSE (Reuters) – Costa Rica’s economy is expected to grow 4.3% in 2022, its central bank said on Monday, an upgrade to an earlier projection from boosts expected in tourism and…
Japan sticks to projection of balancing budget by FY2026
By Daniel Leussink TOKYO – Japan kept the expected timing for achieving a primary balance surplus unchanged at fiscal 2026, suggesting that the government will not meet its goal of realising a…
Greek central bank cuts economic growth projection to 3.8% this year
By George Georgiopoulos ATHENS – Greece’s economy is seen expanding by 3.8% this year under a baseline scenario, a slower pace than a previous projection of 5.0%, the head of the central…
White House Admits Inflation Projection For Biden’s Massive Budget Is Completely Outdated, Still Blames Putin
White House Admits Inflation Projection For Biden’s Massive Budget Is Completely Outdated, Still Blames Putin Harry Wilmerding on March 28, 2022 The Biden administration’s budget for fiscal year 2023 included a projection…
Inflation Hits Another Multi-Decade High After Fed Boosts Projection
A key economic index used by the Federal Reserve to measure inflation surged to another 30-year high in August as Americans continued to experience sticker shock. The personal consumption expenditures (PCE) index…
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