Inflation expected to peak in July

UNFAVORABLE base effects and lingering upside risks will continue to push inflation up in the coming months, analysts said, with the peak likely to be hit in July. Consumer price growth rose for a fourth straight month in May to 3.9 percent, from April’s 3.7 percent, due to rising housing, …

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BRICS Bank exec cites need for multipolar economy

MULTIPOLAR ECONOMY. Former Brazil President Dilma Rousseff, who is the current president of the New Development Bank, underscored the need to have a multipolar economy to lessen the risk of global economic instability caused by issues in large economies. In her speech Thursday (June 6, 2024) during the St. Petersburg …

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