Global economy poised to slow as rate hikes bite, OECD says

Global economy poised to slow as rate hikes bite, OECD says
While US expansion will be stronger than predicted in June, it will slow to 1.3% in 2024. (Image: Bloomberg)
Bloomberg
By William Horobin(Bloomberg) -- The world economy is set for a slowdown as interest-rate increases weigh on activity and China’s pandemic rebound disappoints.Growth will ease to 2.7% in 2024 after an already “sub-par” expansion of 3% this year, according to the latest OECD forecasts. With the exception of 2020, when covid struck, that would mark the weakest annual expansion since the global financial crisis.“While high inflation continues to unwind, the world economy remains in a difficult place,” OECD chief econo...

More Bloomberg

US bonds have never been risk-free, and never will be
Bloomberg Opinion

US bonds have never been risk-free, and never will be

 It will still be a low-risk asset and in high demand. 

Meta and Apple just got slapped by Europe’s new rulebook
Technology Opinion

Meta and Apple just got slapped by Europe’s new rulebook

The era of the speeding ticket may well be over.

Bloomberg 25 Apr 2025
China floods the world with AI models after DeepSeek’s success
Technology

China floods the world with AI models after DeepSeek’s success

Long-dormant Chinese tech sector now fired up, and Western rivals may pay the price.

Bloomberg 29 Mar 2025
Thailand plans to cut tourists’ visa-free stays to 30 days
Travel

Thailand plans to cut tourists’ visa-free stays to 30 days

Govt cracking down on travellers exploiting the waiver to engage in illegal businesses.

Bloomberg 23 Mar 2025