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Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States June 2023
Global economic growth turned out stronger in 2022 than expected in the Fall. The IMF lifted its estimate of global growth during 2022 from 1.7% as of October 2022 to 2.0% in April 2023 (measured on a Q4/Q4 basis). Prices of commodities like food and energy have stabilized, supply chain pressures continued to ease, and China’s reopening should provide a boost to global growth. Nevertheless, Russia’s war against Ukraine continues to weigh on the outlook and has increased energy and food insecurity. Looking forward, the IMF projects global growth to increase in 2023, to 2.9% before increasing to 3.1% in 2024. The ... (full story)
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*US Keeps China on FX Watchlist, Not Designated as Manipulator
— *seven (@sevenloI) June 16, 2023
*US Drops Japan From Currency Watchlist
*US Concern on Switzerland FX Eases but It Remains on Watchlist
*US Treasury Refrains From Designating Any Currency Manipulators
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US TREASURY: CHINA'S FAILURE TO PUBLISH IT'S FOREX INTERVENTION MAKE IT AN OUTLIER AMONG MAJOR ECONOMIES AND WARRANTS CLOSE MONITORING.
— Breaking Market News (@financialjuice) June 16, 2023