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Global Business Review Magazine
Tuesday, August 9, 2022
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Bottlenecks, energy and virus are the key risks-Lagarde

ECB’s Lagarde, Panetta warn against tightening too soon

European Central Bank President Christine Lagarde said that the economic outlook for the euro zone is fraught with uncertainty. Such that includes stemming from supply bottlenecks, surging energy prices and new waves of the coronavirus pandemic. There was an event for the ECB.

Lagarde stated in that event about how long how those bottlenecks will take to be resolved. Because that is one of the biggest question marks. Then, she spoke of higher energy prices. Lagarde added that they will see how long it takes for that to fade away. And that it should go out in the first part of 2022. The last of the uncertainties is that they have to account for is the potential new waves of a pandemic. And that too would be vaccine-resistant.

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Recent News

Fed taper talk lifts dollar ahead of inflation test

Inflation strikes U.S. young, low-income individuals’ finances

Eurozone gets Inflation Positive

As inflation takes a pinch, the U.S. economy moderately recovered in the second quarter

Exclusive: Goldman to launch Marcus UK robo-adviser early next year

Charged with insider trading: Former Goldman banker, former FBI trainee

$475 MLN to resolve Mozambican scandal by Credit Suisse

After Q2 loss, Credit Suisse appoints its new CEO

U.S blocks Chinese acquisitions of global tech firms

China’s regulatory body rejects data report to evade U.S. delistings

Henderson gets a complex role in resolving Hong Kong’s housing crisis

Henderson gets a complex role in resolving Hong Kong’s housing crisis

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  • Inflation strikes U.S. young, low-income individuals’ finances
  • As inflation takes a pinch, the U.S. economy moderately recovered in the second quarter
  • Charged with insider trading: Former Goldman banker, former FBI trainee
  • After Q2 loss, Credit Suisse appoints its new CEO
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