Financial Digest

Emerging economies face China and rate pressures as IMF, World Bank meet

  • 📰 Reuters
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 97%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

Emerging economies are facing headwinds from all sides, with a recent selloff in U.S. Treasuries and China's slowing economy adding layers of uncertainty while the Federal Reserve might not have reached the end of its rate hike cycle.

could reach a breakthrough before year-end as talks continue, while the finances of nations like Pakistan and Egypt will also be under scrutiny when policy makers and asset managers gather for the

Demand for commodities will be hit as the world's second-largest economy spends less on goods and services. The World Bank trimmed its 2024 China growth forecast to 4.4% from 4.8%.Debt deals for defaulted nations are expected to progress in Marrakech, as in-person meetings between creditors and government officials could yield breakthroughs.

Overseas debt repayments on high-yield emerging economies will total $30 billion in 2024. Much focus is on Kenya's $2 billion bond maturing in June.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

IMF, World Bank to tackle climate goals among reforms at annual meetingsThis year's annual meetings will take place in Morocco where the two bodies will also seek to continue supporting emerging markets, including African nations.
Source: trtworld - 🏆 101. / 63 Read more »