OECD Secretary-General Mathias Cormann said the global economic outlook is looking slightly “brighter” for this year but inflation challenges remain.

As the world shifts to a new post-pandemic normal, the inflation targets of central banks across the world have faced new scrutiny.

Worries about high inflation continue to weigh on investors’ minds, as hotter-than-expected data this week showed the stubbornness of lofty prices.

A tight labor market and comparatively slow return to earth for inflation means the Bank of England is likely to press ahead with a further interest rate hike in March, economists suggest.

Fresh economic data this week shows Americans are shopping more than expected at the start of the year, even as prices continue to rise.

Singapore’s DPM Lawrence Wong says Budget 2023 was “particularly challenging” as the country tried to ensure fiscal prudence while helping Singaporeans with cost of living.

The consumer price index was expected to increase 0.4% in January from a month ago and 6.2% on an annual basis, according to Dow Jones.