United States:
Goldman’s Blankfein Says US at ‘Very, Very High Risk’ of Recession
“Goldman Sachs Senior Chairman Lloyd Blankfein urged companies and consumers to gird for a US recession, saying it’s a “very, very high risk.” “If I were running a big company, I would be very prepared for it,” Blankfein said on CBS’s “Face the Nation” on Sunday. “If I was a consumer, I’d be prepared for it.”
Europe:
Euro Area Would Barely Grow If Russian Gas Cut Off, EU Says
“The euro area’s pandemic recovery would almost grind to a halt, while prices would surge even more quickly if there are serious disruptions to natural-gas supplies from Russia, according to new projections from the European Commission.”
Asia:
China Keeps Key Interest Rate Unchanged Despite Sharp Economic Slowdown
“China’s central bank refrained from cutting interest rates despite mounting evidence of a sharp slowdown in economic growth, suggesting policy makers may be concerned about the currency’s depreciation and capital outflows.”
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