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Moody's
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- 1Moody's Zandi warns rate hikes are already hurting the economy●Moody's Zandi warns that higher interest rates are already damaging the economy
Mark Zandi, chief economist at Moody's Analytics, warned that elevated interest rates are already doing damage to the US economy. His comments add to ongoing debate about whether the Federal Reserve's tight monetary policy risks tipping the economy into a slowdown or recession, with markets and businesses watching closely for signs of strain.
- 2Moody's cuts Botswana rating again amid diamond slump●Moody's cuts Botswana rating again as diamond slump weighs on economy
Moody's has downgraded Botswana's credit rating for a second time, citing the prolonged slump in diamond prices that is battering the country's economy. Diamonds are Botswana's main export and a key source of government revenue, so weak demand has strained public finances. The downgrade signals deepening fiscal pressure as the government seeks to diversify its economy away from dependence on the gem trade.