WASHINGTON, Jan 12 ― Inflation in the United States is expected to decline in the second quarter of this year, International Monetary Fund Managing Director Kristalina Georgieva said yesterday.
The US Consumer Price Index surged 7.0 per cent in the 12 months through December, the biggest year-on-year increase since June 1982, the Labour Department reported yesterday. She said consumption in China has not picked up the way it should to compensate for the disruptions in the economy due to Covid-19.
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Sri Lanka rules out IMF bailout, seeks new China loan | New Straits TimesCOLOMBO: Sri Lanka ruled out an IMF bailout on Wednesday and said it plans to seek another loan from China to address an economic crisis that has led to food and fuel shortages. Will look to see this benefit
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European stocks climb at open before US inflation data | Malay MailLONDON, Jan 12 — Europe’s main stock markets rose at the open today with all eyes on the latest US inflation reading. London’s benchmark FTSE 100 index climbed 0.5 per cent to 7,529.64 points. In the eurozone, Frankfurt’s DAX index gained 0.6 per cent to 16,039.80 points and the Paris CAC...
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