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Is the Global Inversion Signaling a Global Downturn?
Posted
June 21, 2023
Views
2,316
Likes
31
Comments
4
Engagement
1.51%
June 21, 2023
2,316
31
4
1.51%
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1:18Now PlayingAustralia’s May Labor Force Survey provided a jolt to the global economy, with job growth smashing expectations and unemployment hitting a 50year low all on the back of aggressive rate tightening by the country’s Reserve Bank. The unexpected strength in the labor market sent Australia’s yield curve into inversion for the first time since 2008 and means that Australia has joined a group of 34 advanced economies now experiencing inverted curves. Is the global inversion a sign of an imminent global downturn? Presented by @cmegroup
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