World Bank Raises Forecast for Global Economic Growth in 2023 with Significant Increase for China, Emphasises Dangers of A High-Interest Rate Environment, But Lowers Forecast for 2024

Jun 09, 2023, at 4:20 pm
SMM

On Tuesday night CST, the World Bank released the latest semi-annual Global Economic Prospects. While raising the global economic forecast for 2023, it emphasised the harm and risks to developing economies caused by the Fed's interest rate hike and the European and US banking crisis.

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World Bank Raises Forecast for Global Economic Growth in 2023 with Significant Increase for China, Emphasises Dangers of A High-Interest Rate Environment, But Lowers Forecast for 2024

China’s Central Bank Conducted Huge Net Withdrawal Today

SMM Daily Comments (Jun 7): Base Metals Mostly Rose, Ferrous Metals Dropped, Oil down as Russia Dumps Cheap Oil