Incase you missed it: 27 Mar - 31 Mar
Here's a recap of what you might have missed this past week: 27 Mar - 31 Mar 23'.
Banking turmoil:
Several major banks, including Deutsche Bank and Credit Suisse, are experiencing financial turmoil, causing concern among investors and analysts [1, 2, 5].
Interest rates:
The US Federal Reserve recently raised interest rates by a quarter-point, despite concerns about banking turmoil and other economic challenges [4].
Global economic outlook:
The World Bank has revised its growth projections downward for 2022, citing ongoing disruption from COVID-19 and supply bottlenecks as key factors [6].
Blockchain and fintech:
More and more consumers and corporations are turning to blockchain-based financial services and emerging fintech companies as alternatives to traditional banks [8].
Capital markets:
The importance of efficient and stable financial sectors, including capital markets in the form of debt and equity, in enabling growth and reducing poverty is becoming increasingly clear, with some experts pointing to the role of new firms in driving productivity [9].
Chinese rescue loans:
China has granted $104bn worth of rescue loans to developing countries between 2019 and 2021, according to a recent study, highlighting the country's growing role in global finance [10]