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17.04.26 - 03:03
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IMF Warns Australia Set For One Of Highest Inflation Rates In Developed World (ZeroHedge)
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IMF Warns Australia Set For One Of Highest Inflation Rates In Developed World
Authored by Rex Widerstrom via The Epoch Times (emphasis ours),
The International Monetary Fund (IMF) says Australia is on track to have one of the highest inflation rates in the developed world.
Australian dollars coins in Melbourne, Australia, on April 4, 2024. AAP Image/Joel Carrett
In the latest edition of its World Economic Outlook, the global lender said economies around the world “face repercussions [from] the direct impact of higher commodity prices, indirect second-order effects on inflation expectations—which tend to be especially sensitive to energy and food prices—and amplification effects coming from [conservative] sentiment in financial markets.”
While the global economy had withstood “a series of shocks, yet another one—this time a military conflict engulfing the Middle East since the end of February—is testing this resilience,” the IMF warned.
It predicted that Australia's GDP growth ...
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16.04.26 - 21:42
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Goldman Sachs′ Bordlemay on AI Investment and Inflation Caused by Market Uncertainty (Bloomberg)
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Katherine Bordlemay, Goldman Sachs Asset Management Co-Head of Equity Client Portfolio Management, discussed the current equity market environment at all-time highs. She emphasized that equities are benefiting from upward earnings revisions, supported by significant and durable AI investment spending projected to reach $1 trillion over the next three to four years. (Source: Bloomberg)...
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