Economy

World Bank offers dim economic outlook in face of higher interest rates

The agency forecasts global growth of 2.1% this year, down from 3.1% in 2022

By Paul Wiseman, The Associated Press |June 6, 2023

2 min read

Homeownership dream persists despite affordability concerns

Polls find widespread concern about affordability amid rising rates and inflation

By Staff |June 5, 2023

2 min read

European Central Bank chief signals more rate hikes ahead with inflation still ‘strong’

"There is no clear evidence that underlying inflation has peaked," ECB head says

By David Mchugh, The Associated Press |June 5, 2023

2 min read

Momentum may lead to higher rates this summer, economists say

Canadian economy still growing despite interest rates that are at their highest levels since 2007

By Nojoud Al Mallees, The Canadian Press |June 5, 2023

3 min read