November 10, 2022/Fitch Ratings Global interest rates have risen more rapidly than expected in the past two months, and Federal Reserve and ECB policy rates are now likely to peak at a later date and higher level than anticipated in Fitch Ratings’ September 2022 Global Economic Outlook (GEO). Stubbornly high […]
OPINION/EDITORIAL
High Inflation Halts Europe’s Post-Covid Retail Recovery
November 10, 2022/Fitch Ratings The post-pandemic recovery of European retailers’ profitability and deleveraging have been halted by sharply increased inflation that is forcing consumers to ration purchases and raising retailers’ costs, some of which can be difficult to pass on, Fitch Ratings says. Many of these retailers’ ratings in our […]
Increase in Rice Prices to Drive Food Inflation?
November 10, 2022/CSL Research Based on a BusinessDay report, the price of a 50kg bag of locally parboiled rice in Nigeria grew by 53.6% in two months driven by the floods that ravaged many parts of the country. According to the report, a 50kg bag of locally parboiled rice now […]
