U.S. rate hikes exacerbate slowdown in global growth

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U.S. rate hikes exacerbate slowdown in global growth

STORY: U.S. rate hikes exacerbate slowdown in global growth DATELINE: Sept. 21, 2022 LENGTH: 00:02:22 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of U.S. Federal Reserve and New York Stock Exchange 2. SOUNDBITE 1 (Turkish): CENK AKYOLDAS, Finance coordinator, Istanbul-based NGO World Trade Business Development Council 3. SOUNDBITE 2 (Japanese): Fruit and vegetable store owner 4. SOUNDBITE 3 (Arabic): KARIM AL-OMDA, Cairo-based economic expert and professor with Arab Academy for Science, Technology and Maritime Transport STORYLINE: Recent interest rate hikes by the U.S. Federal Reserve have led to the continuous rise of the U.S. dollar exchange rate, a surge that threatens to exacerbate a slowdown in global growth and amplify inflation worries around the world. Türkiye had been earning almost half of its revenues in euros. The advantage is now vanishing as euro continues to fall against the U.S. dollar. SOUNDBITE 1 (Turkish): CENK AKYOLDAS, Finance coordinator, Istanbul-based NGO World Trade

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