Australia News Today: Global Economy Warning, Inflation Data in Focus

Bloomberg.com— Good morning and welcome back, it’s Ainsley here with all the news you need to start the working week.Today’s must-reads:• Global economic growth forecasts in focus• CPI data projected to show inflation slowing• US House approves aid for Ukraine, Israel, Taiwan

@MichaelWestBiz—Global body warns Australia on interest rates, NDIS. Australia’s interest rates may need to stay higher for longer to beat lingering services inflation, an international economic body has warned. In its latest economic outlook report, the Organisation for Economic Co-operation and Development said price pressures were expected to ease though some services, such as rent and insurance, would remain elevated throughout the rest […]

Benzinga—Stagflation Spectre Haunts US Economy: Experts Warn On Slow Growth And Inflation After Fed Officials Float Rate Hike Ideas. The latest GDP and inflation figures have sparked concerns among investors, hinting at a potential economic downturn worse than a recession. read more

journal-news.net—Today in History | Journal-news | journal-news.net. Today is Friday, May 3, the 124th day of 2024. There are 242 days left in the year.