Australian economic growth slowed in the first quarter of the year, when the central bank started raising interest rates and the Middle East conflict sent fuel prices surging.
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Australia’s Economic Growth Slows
Fed’s Bowman Wary of Reacting to Short-Term Energy Inflation
Fed governor Michelle Bowman said reacting to temporarily elevated energy-price inflation would add unwarranted policy restraint, weighing unnecessarily on economic activity and labor-market conditions. Source […]
OECD Says 60% of Chinese Gains in Market Share Driven by Subsidies
Over the past two decades, Chinese businesses have received three to eight times more support than their competitors, according to the Paris-based research body. Source […]
Consumer Sentiment Drops to New Low, University of Michigan Survey Finds
Higher gasoline prices and the tense standoff in the Middle East helped push consumer sentiment to a new all-time low in May, with rising anxiety […]