Bank of England hikes #interest rates by 25 bps to 4.5%

#Government sticks to #FY23 fiscal aim of 6.4%; FY23 #revenue expenditure trends a tad #lower on lower #interest payments on government #borrowings , government #capex exceeds aim

World Bank (@WorldBank) releases latest Global Economic Prospects #report

Here are the #report highlights👇

◼️Global #economy on precarious footing amid high #interest rates

◼️Global #growth to slow to 2.1% in 2023, with prospects clouded by #financial risks