Global Economy

Posted by | May 8, 2008 | Current Affairs | No Comments

It looks like Global slow down in growth and the rising inflation is the prime issue now, with the Oil prices shooting up to $123.93. It is upto the Central Banks of respective countries to counter the slowing growth and rising inflation. The Banks stocks are down to 1.2% at present.

With the recovery of the Stock conditions and the credit conditions, the focus is now on rising inflation. Energy, food and commodity prices seem to be surging high which seems to be eating into corporate profits according to an article by ‘Reuters’ and this could pose as a serious problem.

This situation might prompt Central Banks around the world to increase the interest rates to couter react to the increased prices.

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