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Global growth to slow to 2.7% next year -OECD
Excluding 2020, this would be the slowest rate of growth since the global financial crisis
Economists expect slower global growth in 2024
Higher-for-longer interest rates will likely weigh on global activity
Arm Holding files for blockbuster IPO on Nasdaq
Arm could be one of the US’ biggest-ever tech listings
China slowdown, US banks weigh on global stocks
China’s central bank unexpectedly cut interest rates yesterday to arrest the country’s economic slowdown
Manufacturing is slowing across the world
Factory activity in the eurozone is suffering its deepest contraction since the covid-19 pandemic
Slowing US inflation is bringing the greenback back down to earth
And that could be good news for emerging markets
With soaring inflation, gov’ts need to raise taxes or slash public spending + Cancer vaccines could be ubiquitous in the next few years
The Bank for International Settlements is also encouraging the separation of fiscal + monetary policymaking
Turkey is moving to a flexible exchange rate as gov’t adopts ‘rational’ economic policies
The currency fell more than 7% yesterday
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