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Australia’s consumer confidence continues to decline as inflation grows

July 12, 2022 by Maryam nadeem

The Westpac-Melbourne Institute index of consumer sentiment slid 3.0%. In July from June, when it dropped 4.5%. The index was down 23% from July last year at 83.8. Consumers fear inflation could hit 6% in the months ahead. Australia’s consumer feeling slid for an eighth consecutive month to match pandemic lows in July as the … Read more

IMF’s Georgieva cautions against “complacency” on the debt issues

July 11, 2022 by Maryam nadeem

IMF Managing Director Kristalina Georgieva is pushing China to speed up debt relief. Western officials are stepping up criticism of the G20 Common Framework process. Nearly two years of glacial progress were blamed largely on foot-dragging by China. IMF Managing Director Kristalina Georgieva is pushing China and other Group of 20 economies to accelerate obligation … Read more

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