Overseas Headlines – May 16, 2022

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.”

https://www.bloomberg.com/news/articles/2022-05-15/goldman-s-blankfein-says-companies-should-prepare-for-recession?srnd=economics-vp

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.”

https://www.bloomberg.com/news/articles/2022-05-16/euro-area-would-barely-grow-if-russian-gas-is-cut-off-eu-says?srnd=economics-vp

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.”

https://www.bloomberg.com/news/articles/2022-05-16/china-keeps-key-interest-rate-unchanged-amid-yuan-pressure?srnd=economics-vp

 

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2022-05-16T09:17:03-05:00