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Inflation and Omicron will dent world growth in 2022, says IMF

Global growth downgraded to 4.4% as body predicts especially marked slowdown for US and China The International Monetary Fund has sharply cut its growth forecast for 2022 with a warning that higher-than-expected inflation and the Omicron variant have worsened the outlook for the global economy. In a quarterly update to predictions made in October […]

UK factory costs rising at fastest pace since 1980, CBI says

Survey finds labour shortages driving ‘intense and escalating cost and price pressures’ Cost pressures for Britain’s factories are growing at their fastest pace since 1980 as companies struggle to find workers to meet growing demand, a leading business lobby group has said. The CBI warned that higher manufactured goods prices were inevitable after its […]

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