2022-2023 Inflation Crisis
past year
- European Central Bank cuts interest rates to support eurozone economy
- Bank of England cuts interest rate from 16-year high
- UK inflation falls to 2.3%
- UK economy emerges from recession with strongest growth in two years
- US Fed maintains interest rates at 2-decade high, citing ongoing inflation concerns
- UK economy contracts in Q4, officially enters recession
- eBay lays off 1,000 employees, about 9 percent of full-time workforce
- US stock markets hit fresh record highs for the second day in row
- Moody's downgrades U.S. credit outlook to negative from stable, but maintains triple-A rating
- ECB keeps rates steady amid eurozone recession fears
- US economic growth at 4.9% in third quarter, fastest since 2021
geographic activity
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