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Tag Archive: economic downturn

  • World Bank upgrades China growth forecast

    In a further sign of the global economic downturn coming to an end, the World Bank has revised its growth forecasts for China up from 6.5% to 7.2%. However, the World Bank has set a cautious tone despite its upward … Read more »

  • Israel cuts rates by 75 basis points

    The Bank of Israel has cut interest rates by 75 basis points to 1.75%. The move is the latest in a long line of cuts mirrored by central banks across the world from New Zealand to the US. Inflation in … Read more »

  • BayernLB’s Q3 results hit hard by economic downturn

    German bank BayernLB has been hit hard by the worldwide economic turbulence, and has posted an operating loss of around €1bn for the third quarter of this year (as the bank warned in late October). Over the course of the … Read more »