Canada Enters Technical Recession for First Time Since 2020, as Global Central Banks Signal Inflation Concerns

According to Jin10's daily forex market digest on June 1, Canada entered technical recession for the first time since 2020. Meanwhile, European Central Bank officials flagged concerns about Iran war pushing consumer inflation expectations higher, while Bank of England Governor Bailey indicated the central bank may tolerate inflation temporarily above its 2% target if no second-round price effects emerge.
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