Twin threats of rising rates and deglobalisation leave IMF spooked - short news
Fund is more cautious about world economic outlook after turmoil at Silicon Valley Bank and Credit Suisse
UK economy on track to shrink this year, says IMFThe collapse of Silicon Valley Bank in the US and the bailout of Credit Suisse in Switzerland have spooked the International Monetary Fund, denting its hopes that 2023 would see an end to the series of setbacks that have afflicted the global economy since Covid-19 was declared a pandemic about three years ago.
It’s fair to..
source: The Guardian - 11.04.2023