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IMF Lifts Global Growth Forecasts Despite High Uncertainty

The International Monetary Fund raised the global growth forecasts on Tuesday amid high uncertainty and warned of divergent impacts from the Covid-19 pandemic such as sharply rising income inequality.Original Article Read More →

India Holds Rates Steady Amid Pandemic Resurgence

India's central bank left its key interest rates unchanged and vowed to continue its accommodative stance as long as needed amid a steep rise in Covid-19 infections in the country. The Monetary Policy Committee of the Reserve Bank of India Read More →

Eurozone Private Sector Recovers In March

Eurozone private sector returned to growth in March underpinned by a record increase in manufacturing output, final survey data from IHS Markit showed on Wednesday. The final composite output index rose to 53.2 in March from 48.8 in February. The Read More →

UK Service Sector Logs Strong Rebound In March

The UK service sector logged a strong rebound in March as activity, new orders and employment picked up from February, final data from IHS Markit showed on Wednesday. The services Purchasing Managers' Index advanced to 56.3 from 49.5 in February. Read More →

U.S. Trade Deficit Widens To Record $71.1 Billion In February

Largely reflecting a steep drop in the value of exports, the Commerce Department released a report on Wednesday showing the U.S. trade deficit widened more than expected in the month of February. The Commerce Department said the trade deficit widened Read More →

Fed Minutes Reiterate Policy Likely To Remain Unchanged For ‘Some Time’

Despite recent signs of strength in the U.S. economy, the minutes from the Federal Reserve's latest monetary policy meeting indicated the central bank is unlikely to change its ultra-loose monetary policy anytime soon.Original Article Read More →