Economic growth will slow to 1.6% in 2024 as high rates bite: World Bank
CFO Dive
JANUARY 10, 2024
The most restrictive monetary policy in 40 years will weigh on growth but probably not trigger a downturn this year and in 2025, the World Bank said.
Fed reports ‘modest’ economic growth, slowing inflation
CFO Dive
SEPTEMBER 6, 2023
The central bank’s aggressive monetary tightening will likely curb inflation without triggering a recession, former St. Louis Fed President James Bullard said.
Economics 
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Trending Sources
Diabetic Complications and Economic Fundamentals
CFO News Room
NOVEMBER 12, 2022
Per usual, economic principles suggest a vastly different outcome than optimistic policy makers. In economic terms, it’s a complement to consuming goods containing sugar (mostly carbohydrates). . His research has appeared in the Southern Economic Journal , Public Choice , Journal of Institutional Economics , and Research Policy.
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Economic Freedom Matters for Intergenerational Income Mobility
CFO News Room
DECEMBER 12, 2022
There is also a great deal of empirical evidence suggesting that it is a relevant economic fact. In our article in the Southern Economic Journal , Justin Callais and I argue that economic freedom (our proxy for institutions) is a powerful force to enhance income mobility. This explanation is elegantly simple.
Economics 130
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Exploring the Overlap: Cost Optimization and Digital Transformation
Speaker: Alex Jiménez, Managing Principal, Financial Service Consulting for EPAM
Global economic conditions are soft at best. From a budget standpoint, US banks are feeling the pinch. Many US banks are bracing for increased defaults and lower demand for mortgages and other loans as interest rates have increased. The largest banks have increased reserves to protect against deteriorating economic conditions.
With venture arm, Huntington Bank CFO keeps eye on innovation, liquidity
CFO Dive
OCTOBER 20, 2023
In the face of economic uncertainty, access to the innovation economy is essential to help bolster growth, Huntington Bank’s CFO says.
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Citigroup’s Mason tops list of highest-paid bank CFOs
CFO Dive
SEPTEMBER 1, 2023
Citibank’s Mark Mason netted $15 million in 2022 as the banking industry struggled with geopolitical and economic turmoil that has yet to abate.
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Banks plan to tighten credit: Fed
CFO Dive
AUGUST 1, 2023
Despite greater caution among banks, economic growth accelerated during the second quarter.
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1st Quarter 2024 Economic And Market Outlook: Potential Increased Volatility, Threats To Economic Growth, And Equity Markets
Nerd's Eye View
APRIL 3, 2024
Yet, by taking a measured look at factors driving economic activity and influencing behavior, advisors can help clients face risks they can't control and (hopefully) position themselves to take advantage of opportunities as they develop. Meanwhile, a smorgasbord of potential risks threatens economic growth's "soft landing" narrative.
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How Banks Can Guide FinTechs Through Their First Economic Downturn
PYMNTS
MAY 22, 2020
While FinTechs are, in many ways, useful allies to banks, traditional FIs can also be a critical partner to FinTechs that lack the resources or opportunity to acquire their own banking license. This is where a bank collaboration can become particularly valuable. The current crisis makes it harder to raise that equity.”.
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Fed likely to hold rates high before cutting twice in Q4: Conference Board
CFO Dive
MAY 8, 2024
Central bank officials this week have signaled that strength in hiring and economic growth may prompt the Fed to keep interest rates high longer than previously expected.
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Why ERP is a Strong Strategic Move for Businesses Preparing for an Economic Downturn
Navigator SAP
JULY 7, 2023
The collapse of Silicon Valley Bank, and the potential for a recession later in 2023, only adds to the concern. The outlook remains uncertain this year as worker shortages, disruptions to global supply chains due to regional conflicts and inflation continues to impact business owners.
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World Economic Outlook Update | July 2023
Future CFO
AUGUST 13, 2023
Higher interest rates are helping cool inflation, and quick action stopped further banking turmoil, but growth is being held back by a number of forces. The post World Economic Outlook Update | July 2023 appeared first on FutureCFO. What challenges should policymakers be ready to tackle?
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India is going to have solid economic growth: Indermit Gill, World Bank's chief economist
CFO News
APRIL 16, 2023
"Fortunately for India, we are going to have solid economic growth. Countries like India did better fiscally (during the pandemic)," said World Bank chief economist and senior vice president for development economics, Indermit Gill.
Economics 52
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Global economic growth to hit 3.0% in 2023: OECD
Future CFO
OCTOBER 3, 2023
The global economic growth is estimated to reach 3.0% A disproportionate share of global economic growth in 2023-24 is expected to continue to come from Asia, despite the weaker-than-expected recovery in China, OECD noted. It remains well above central banks’ targets. The post Global economic growth to hit 3.0%
Economics 52
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Economic confidence rises: Fears fade over 2023 recession
Future CFO
APRIL 23, 2023
Economic confidence rises as clear signs of business improvement emerge, said ACCA recently. While the accountancy body’s Q1 2023 Global Economic Conditions Survey (GECS) shows confidence lower than a year ago, it rose for the third consecutive quarter as fears fade over the prospects of a recession in 2023.
Economics 52
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RBI Governor Shaktikanta Das foresees robust 7% economic growth in FY25
CFO News
JANUARY 17, 2024
RBI Governor Shaktikanta Das, who was speaking at an event at Davos organised by the Confederation of Indian Industry on the occasion of the annual meeting of World Economic Forum, has also used the global stage to make a case for central banks' intervention to reduce exchange rate volatility especially in emerging markets.
Economics 52
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Stop Worshiping Central Banks | naked capitalism
CFO News Room
NOVEMBER 1, 2022
I doubt that many among our readers hold central banks in high esteem, save perhaps the researchers and data compliers who soldier away and provide useful information and even sometimes provocative analyses. Some economic historians insist it was “to promote the interests of commercial banks, rather than economic recovery”.
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Singapore Loosens Banking Rules Amid COVID-19 Economic Turmoil
PYMNTS
APRIL 7, 2020
The Monetary Authority of Singapore (MAS) said on Tuesday (April 7) that it will allow banks more leeway with regulatory requirements and programs so that financial institutions (FIs) can do more to boost business during the coronavirus crisis. The central bank did not move to “restrict banks’ dividend policies.”
Economics 60
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Global economic outlook: Inflation, supply chain fears easing
Future CFO
APRIL 9, 2023
The global economic outlook took a positive turn in the first half of 2023 as inflationary pressure began to ease, said KPMG recently when unveiling its latest forecast. The post Global economic outlook: Inflation, supply chain fears easing appeared first on FutureCFO.
Economics 52
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China’s economic growth to stay above target: Fitch
Future CFO
JULY 20, 2023
China’s economic growth would stay above target though recovery momentum fades, said Fitch recently. Nonetheless, Fitch said it still expects China’s economic growth to hit5.6% China’s economic growth will be underpinned by accommodative policy settings, in particular for fiscal policy, according to the firm.
Economics 52
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ECB Says EU Banks May Be In Trouble If Economic Crisis Worsens
PYMNTS
JULY 28, 2020
The European Central Bank (ECB) is warning its members could face more challenges if the economic crisis deepens, CNBC reported. But he warned that if the crisis deteriorates then some banks would face difficulties in maintaining their compliance with the minimum capital requirements. percent and 12.6
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Axis Bank CEO flags risks of slowing economic growth, says 'not everything is ok'
CFO News
APRIL 3, 2023
Chaudhry said lenders need to stay vigilant about the economic outlook despite the recent robust growth, as India's post-pandemic rebound loses steam and global economic volatility makes forecasting more difficult, according to the report.
Economics 52
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IMF edges 2023 global economic growth forecast higher, sees persistent challenges
CFO News
JULY 25, 2023
The International Monetary Fund on Tuesday raised its 2023 global growth estimates slightly given resilient economic activity in the first quarter, but warned that persistent challenges were dampening the medium-term outlook.
Economics 52
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State Street looks to reduce bank spend, increase digital transformation
CFO Dive
JUNE 13, 2022
To navigate a “constantly changing” macro-economic environment, State Street is focusing on reducing its day to day technology spend in favor of more strategic operational investments in AI, automation and like technologies, according to its CIO and CFO.
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China’s Central Bank Pours $115B Into Economic Growth
PYMNTS
JANUARY 1, 2020
The People’s Bank of China (PBoC) is planning to pump about $115 billion into the economy by freeing up lenders to write more loans, The New York Times reported on Wednesday (Jan. China’s central bank said it would cut its reserve requirement ratio – the amount of cash from deposits that lenders must have on-hand – by 0.5 25 this year.
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UNCTAD expects global economic growth for 2023 to slow down to 2.4%
CFO News
OCTOBER 4, 2023
The UN Conference on Trade and Development (UNCTAD) expects global economic growth to decelerate to 2.4% The report calls for a change in policy direction, including by leading central banks, to avert a lost decade. in 2023, meeting the criteria for a global recession.
Economics 52
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OECD warns of pervasive global economic slowdown
Future CFO
SEPTEMBER 30, 2022
OECD warns of pervasive global economic slowdown, projecting growth at a modest 3% this year before slowing further to just 2.2% The revision is well below the pace of economic growth projected prior to the war and represents around US$ 2.8 trillion in foregone global output in 2023, OECD said in its interim economic outlook.
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Mastercard: Global Economic Outlook Depends On Multi-Speed Recovery
PYMNTS
DECEMBER 14, 2020
The pandemic was the common element in every economic look back or for that matter, any look forward. As seen in the Mastercard Economic Institute’s Economy 2021 report, both governments and businesses have faced a tough and transformative year. Dwyer calls the near-term economic outlook “challenging.” percent for women and 5.2
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OECD: Global economic growth to decelerate sharply
Future CFO
JUNE 9, 2022
OECD projects global economic growth to decelerate sharply to around 3% this year and 2.8% in 2023, well below the recovery estimated in its previous economic outlook last December. However, core inflation is still projected to remain at or above central bank target ranges in many major economies, OECD warned.
Economics 52
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Asian economic outlook: Domestic demand remains strong despite monetary tightening
Future CFO
MAY 11, 2023
The Asian economic outlook stays positive as the region’s domestic demand has so far remained strong despite monetary tightening, said IMF recently at its press briefing on Economic Outlook for Asia Pacific and Korea. percentage points compared with projections we had made in the October World Economic Outlook (WEO) by the fund.
Economics 52
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Banks’ Loan Reserves Show Grim Expectations For Economic Road Ahead
PYMNTS
APRIL 16, 2020
million additional Americans filed for unemployment, it may make sense that banks’ outlooks for the future of their loan portfolios are, to put it gently, cautious. It should be noted, however, that Goldman has relatively minor exposure to “Main Street” than other banks. billion was tied to its consumer banking operations.
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Banks Offer Economic Coronavirus Relief To Businesses
PYMNTS
FEBRUARY 14, 2020
The bank said it will offer a “six-month principal repayment moratorium” for small to medium-sized business (SMB) property loans. These initiatives will be available upon application to customers with good repayment histories,” the bank stated. The institution said more details would be shared on its website beginning Feb.
Economics 60
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RBI approves reappointment of Atanu Chakraborty as part-time chairman of HDFC Bank for 3 years
CFO News
MAY 3, 2024
Atanu Chakraborty has been reappointed as the part-time chairman of HDFC Bank by the Reserve Bank of India for a three-year term from May 5, 2024, to May 4, 2027.
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Demystifying Open Banking: The Inevitable Future For Your Bank
FISPAN
FEBRUARY 9, 2022
Now more than ever, banks have a myriad of digital opportunities to explore a better banking future. Driven by growing consumer demands, increasing regulatory changes, and the proliferation of API integrations, Open Banking has proven to be a promising market for Financial Institutions (FIs) worldwide.
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You’re Living in a World Wrought by Central Banks. Notice Anything Wrong?
CFO News Room
NOVEMBER 18, 2022
In an interview with Lynn Parramore of the Institute for New Economic Thinking, Nomi Prins takes up and extends the argument that she has made over a series of books, that central bankers are ever-more administering policies that are good for the markets but very bad for the real economy and real people. economy and Wall Street.
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Fed holds main rate steady, citing cooling inflation
CFO Dive
NOVEMBER 1, 2023
The central bank kept the federal funds rate unchanged despite higher-than-forecast strength in hiring and economic growth.
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4 Ways To Take Your Bank to the Next Level
FISPAN
SEPTEMBER 13, 2022
Banks are at a turning point. At the same time, a looming economic downturn further threatens the future of long-standing institutions. Despite these changes, banks are still best positioned as businesses’ dominant financial service providers.
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War, global economic downturn & crude pain: RBI’s rate hiking days may not be over yet, analysts say
CFO News
NOVEMBER 6, 2023
Concerns over potential spikes in oil prices are growing, and this could prompt the Reserve Bank of India to take action on interest rates. India, a net oil importer, has a positive long-term outlook, but if oil prices top $110/bbl, it could strain India's economic stability and currency value, analysts say.
Economics 52
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IMF cuts 2022 global economic growth forecast to 4.4%
Future CFO
JANUARY 30, 2022
The IMF revised recently its 2022 global economic growth forecast to 4.4% global economic growth for 2023, up from the prior projection while cumulative expansion for the two years will still be 0.3 The post IMF cuts 2022 global economic growth forecast to 4.4% The fund also predicted 3.8% The world economy expanded 5.9%
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Philly Fed Chief: Workers Need New Skills For Economic Growth
PYMNTS
NOVEMBER 10, 2020
Job retraining and new skill sets are necessary in order to promote economic growth in the U.S., Patrick Harker, president of the Federal Reserve Bank of Philadelphia, told Bloomberg on Tuesday (Nov. 13) “Strengthening Economic Resiliency: Investing in the American Worker” virtual event. . “The The upended U.S. The upended U.S.
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RBI, Bank of Indonesia sign MoU promoting use of local currencies for trade
CFO News
MARCH 7, 2024
The Reserve Bank of India and the Bank of Indonesia signed a MoU to promote the use of local currencies for cross-border transactions, enabling exporters and importers to invoice and pay in their respective domestic currencies, optimizing costs and settlement time for transactions.
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Powell Prescribes More Economic Pain: Three Financial History Lessons Support His Diagnosis
CFA Institute
AUGUST 29, 2022
“The first lesson is that central banks can and should take responsibility for delivering low and stable inflation,” Jerome Powell says.
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Coca-Cola CEO: Expect Longer-Run Economic Recovery Post-Pandemic
PYMNTS
MAY 20, 2020
Coca-Cola CEO James Quincey said he is not anticipating a fast economic rebound now that the world is reopening for business. The Federal Reserve Bank of Atlanta is forecasting that the national GDP will drop by nearly 43 percent in the second quarter — the worst since World War II.
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