Weekly Market Recap

8 August 2022

Less growth, inflation for longer

  • The International Monetary Fund (IMF) revised considerably down its global growth forecasts for 2022 and 2023.
  • There's going to be reduced demand and economic activity at the global level.
  • Tightening in the US and other central banks is also leading to a major appreciation of the U.S. dollar against emerging market currencies.

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