Macro Snapshot — Romania inflation exceeds expectations; Singapore downgrades GDP in Q2

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Thu, 2022-08-11 17:21

CAIRO: Romania’s headline inflation exceeded expectations in July yet smaller rate hikes are still expected, while China’s July vehicle sales surged by 30 percent from a year earlier. Singapore downgraded its gross domestic product in the second quarter of this year as risks grew further, whereas the Federal Reserve officials stated the need for additional rate hikes despite the slowing inflation rates. 

Romania inflation overshoots expectations in July

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