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China’s Falling Behind

03 Feb 20246 분
China’s Falling Behind

In a widely expected move, the Fed kept interest rates unchanged this week. The US Treasury announced its latest borrowing plans. The eurozone economy unexpectedly avoided a recession in the second half of 2023. Inflation in the bloc eased slightly in January, but services inflation stayed elevated. The Bank of England kept rates unchanged but opened the door to cuts later this year. China is falling further behind the US in the race for the world’s biggest economy.

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