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Worst is yet to come for global economy: Credit Suisse

Summary by Ground News
Inflation has likely peaked in most emerging economies, but central banks should continue hiking at least through the end of 2022, report says. “High inflation and tight labour markets lead us to raise our forecasts for interest rates significantly higher,” Credit Suisse says.

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Worst is yet to come for global economy: Credit Suisse

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Worst is yet to come for global economy: Credit Suisse

"Overall, the economic environment for risk assets is deteriorating. Stagnating global industrial production, persistent cost pressures, and rising financing costs all suggest a prolonged period of low risk appetite," Credit Suisse said.

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Worst Is Yet To Come For Global Economy: Credit Suisse

New Delhi:  In emerging economies, weaker external demand and dollar strength will weigh on growth, foreign brokerage Credit Suisse said in a report.

·Bhubaneswar, India
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Ommcom News broke the news in Bhubaneswar, India on Saturday, October 1, 2022.
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