26
May
14:43
Global growth forecast deteriorates rapidly, recession risk increases
Forecasts for global economic growth have deteriorated drastically due to a confluence of factors, Kallanish notes.
The Institute of International Finance (IIF) says the risk of global recession has risen significantly as the Omicron wave in China is more disruptive than previously anticipated, US financial conditions are tightening rapidly, and the Ukraine war persists and could escalate.
The IIF forecasts 2.3% on-year global GDP growth in 2022, with 2.5% and 1%…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous