Viktor Shvets of Macquarie Capital suggests the US faces a period resembling stagflation, not outright recession, due to Donald Trump’s policies aimed at reshaping American society. He notes that India’s economic growth, while strong, needs recalibration and structural reforms to achieve its potential.
Dollar at more than two-week high versus yen as trade war intensifies
The dollar strengthened against the yen following President Trump’s tariff announcements on Japan and other trade partners, though previous tariffs initially weakened the dollar. Uncertainty