ECB President Christine Lagarde said ``energy was vastly underestimated'' in the bank's assessment of inflation
American consumer spending substantially weaker than earlier thought
For many countries, recession will be hard to avoid, the agency's president said
As the Fed's rate hikes take effect, they will make it increasingly expensive to spend and hire
Financial markets now foresee much steeper rate hikes than Fed officials signaled as recently as last month
Consumer spending and private investment drove the growth
The lending agency now forecasts the global economy will expand 4.4% in 2022
Outbreaks, bottlenecks expected to slow global growth
The highly contagious delta variant may be slowing the recovery in jobs
The weekly jobs count has mostly fallen steadily since early January