Global preeminence of the U.S. dollar facing multiple challengers
Tighter financial conditions continue to loom over markets
A strong rebound in China boosts first quarter growth
Economists expect the central bank to sound hawkish on Wednesday while holding rates steady
Rating agency now expects prices to average US$85 per barrel this year
Russia, China drove surge in defaults last year
Fallout from China's pandemic policy sabotaged output
An end to restrictive monetary policy not yet clear, Moody's cautions
The decline reflected weak demand and decreasing energy prices
Unlike past episodes, strong recovery not likely to reignite world economy, Fitch says