Headlines from Across the MAP
Oct 27, 2022Global economic activity is experiencing a broad-based and sharper-than-expected slowdown, with inflation higher than seen in several decades. The cost-of-living crisis, tightening financial conditions in most regions, Russia’s invasion of Ukraine, and the lingering COVID-19 pandemic all weigh heavily on the outlook. Global growth is forecast to slow from 6.0 percent in 2021 to 3.2 percent in 2022 and 2.7 percent in 2023. This is the weakest growth profile since 2001 except for the global financial crisis and the acute phase of the COVID-19 pandemic.
International Monetary Fund: "Countering The Cost -Of-Living Crisis"
CNBC: "There Are Only 4 U.S. Cities Where The Average American Can Afford A Starter Home"
Tablet Mag: "Germany’s Apokalypse Now"
Market Watch: "COVID Pandemic Triggers Historic Learning Setbacks For American Kids"
Bloomberg: "$200 Diesel Puts Biden In An Ugly Corner"
The Wall Street Journal: "Surging Rents Push More Americans To Live With Roommates Or Parents"
Bloomberg: "Once-In-A-Generation Wealth Boom Ends For America’s Middle Class"
Reuters: "Putin Blasts West, Says World Faces Most Dangerous Decade Since WW2"
