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The latest trends in the economy and the world of finance:

Treasury yields surge (What it means for YOU)
Recession insights
IMF global growth forecast
ECB calls out Euro-governments
Country Garden in trouble (again).
Metro Bank

FinWeekly has all the details on trending market and financial news this week: In the world of finance, US Treasury yields have recently shot up, reaching levels not seen since the 2007 global financial crisis. While this may raise concerns, economists at Goldman Sachs believe it's not necessarily a sign of an imminent recession. Lorie Logan, President of the Federal Reserve Bank of Dallas, even suggests that the increase in long-term Treasury yields could potentially help slow down further interest rate hikes. Meanwhile, the International Monetary Fund (IMF) has adjusted its global economic growth forecasts downward, with the exception of the United States, which is expected to remain stable. On a different note, Euro-area governments are not aligning their fiscal policies with the European Central Bank's efforts to control inflation, raising concerns. Furthermore, Caius Capital and other creditors have made a significant move to strengthen Metro Bank's financial position through a bond sale, while China's Country Garden faces financial instability due to missed interest payments. These developments provide a complex snapshot of the global economic landscape.

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