Tag: Economic forecast
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The AI boom could trigger the next crash, central banks warn
The vast surge of investment in AI, which has powered global stock markets to record highs, risks ending in a financial bust, the Bank for International Settlements warns, as the build-up’s hidden costs begin to surface in company accounts and consumer prices alike.
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German industrial output rises for the first time this year
An uptick of 0.4% in Germany’s April factory output and a rise in exports offer little cause for celebration as new orders collapse, energy prices soar and Europe’s largest economy continues to struggle to find solid footing.
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EBRD lowers growth forecast as energy shock hits economies
Economic growth across the European Bank for Reconstruction and Development’s regions is expected to slow more sharply than previously forecast this year, largely due to higher inflation linked to the Iran war, which has pushed up energy prices. Inflation across the bank’s regions rose to 6.4%.
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