July 29, 2022 – Page 4 – The Cheap Investor

Headlines
Reuters

New Zealand Consumers, Businesses Gloomy, Economic Risks Grow

The Cheap Investor3 years ago02 mins

By Lucy Craymer WELLINGTON (Reuters) – New Zealand is at growing risk of sliding into a recession in the second half of 2022, some economists said on Friday, as consumers and businesses fret over soaring prices and rising borrowing costs. New Zealand’s central bank is part way through an aggressive cash rate hiking cycle in…

China backs away from growth goal, sticks to virus controls

The Cheap Investor3 years ago3 years ago02 mins

BEIJING (AP) — China’s leaders effectively acknowledged the struggling economy won’t hit its official 5.5% growth target this year and said Thursday they will try to prop up sagging consumer demand but will stick to strict anti-COVID-19 tactics that disrupted manufacturing and trade. The announcement after a Communist Party planning meeting reflected the high cost…