Our Economy and the World Issue 328

06-08-2023

This week’s issue of includes:

Key Global and Regional Developments over the Past Week

  • BBC: Fitch downgrades US credit rating from AAA to AA+
  • Bloomberg: South Africa says BRICS will move forward on expansion at summit
  • BBC: Eurozone interest rates reach joint record high
  • CNN: China tries to boost consumer spending as factory sector contracts for fourth month

Special Analysis

  • IMF: Near-Term Resilience, Persistent Challenges

Developments in Financial and Commodity Markets in the Past Week

  • Reuters: Markets calm after Fitch downgrade, but investors see long-term worries
  • Reuters: Oil settle lower despite record US crude stock drawdown