‘The year of inflection’: Top bank CEOs weigh in on inflation outlook
On the sidelines of the World Economic Forum in Davos, Switzerland, UBS CEO Ralph Hamers said 2023 will be “the year of inflection” for the global economy.
Idea of de-globalization is a ‘mirage,’ says historian Niall Ferguson
The Hoover Institution senior fellow said the idea that globalization has peaked is not borne out by data.
The worst is over for the global chip shortage, ABB chairman says: ‘I’m quite optimistic’
Asked whether supply chain issues in the chip industry have been resolved, ABB’s Peter Voser said that he believes the worst of the shortage has now subsided.
IEA chief lauds U.S. Inflation Reduction Act as most important climate agreement since Paris accord
Speaking on the same panel, Occidental Petroleum CEO Vicki Hollub described the IRA as one of the most transformative bills in the world.
Boris Pistorius to become Germany’s next defense minister
he interior minister of the state of Lower Saxony, Boris Pistorius, will become Germany’s next defense minister, the government said Tuesday.
China’s economy could recover faster and earlier than expected, analysts say
China may have marked one of the worst years of economic growth on record, but its shorter-term data showed things might get better sooner.
UK house prices to fall by up to 10% this year, Lloyds Bank CEO says
U.K. house prices will fall by up to 10% this year, as higher mortgage rates and the broader cost of living crisis curtail home buying, Lloyds Bank CEO Charlie Nunn told CNBC on Tuesday.
IMF chief: Growth will bottom out in 2023 and bounce back next year
IMF Managing Director Kristalina Georgieva told CNBC Tuesday that the days of her institution giving global growth downgrades are over.
Market environment was one of the worst imaginable in 2022, insurer Allianz says
The CEO of Allianz said the German insurer proved to be “very resilient” through what he described as one of the worst environments imaginable in 2022.
CEOs are the most pessimistic they’ve been in more than a decade as world faces a slowdown
Some 73% of CEOs think global growth will decline in the next year, which is the most pessimistic outlook in 12 years, according to a new survey by PwC.
