elevated

Kraft Heinz cuts down on 2024 predictions due to elevated prices impacting consumer demand – Reuters

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Kraft Heinz cuts down on 2024 predictions due to elevated prices impacting consumer demand – Reuters

By Savyata Mishra (Reuters) – Kraft Heinz (NASDAQ:) adjusted its annual forecasts for organic sales and profit on Wednesday due to repeated price hikes impacting demand for the company’s branded products such as Lunchables meal kits and Oscar Mayer cold cuts. Shares of the company fell more than 3% before the market opened, as it … Read more

IMF chief cautions that elevated prices are permanent in the face of sluggish growth and increasing debt | Business News

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IMF chief cautions that elevated prices are permanent in the face of sluggish growth and increasing debt | Business News

Global economies face a period of lackluster growth and pressure from rising debt piles, the head of the International Monetary Fund (IMF) has warned. In an assessment that may chime with Chancellor Rachel Reeves as she ponders her first budget, managing director Kristalina Georgieva warned that growth will not deliver the tax revenues required to … Read more