Developments in China are a source of one of the bigger risks for the global economy, Bank of England Governor Mark Carney said."China is a great source of growth for the global economy, it is an absolute economic miracle, lots of positives," Carney said in an interview to BBC to mark the 10th anniversary of the global financial crisis."At the same time, their financial sector has developed very r...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.