Stressed but steady

Read a comprehensive overview of global and regional economic trends, emphasizing challenges in growth, inflation, and policy responses.

Key Highlights:
• UK Economy: Rising unemployment (4.4%) and strong wage growth (+5.6% YoY) complicate the Bank of England’s rate decisions as inflation pressures persist.
• Global Growth: IMF projects stable global growth at 3.3% but notes uneven regional performance, with the U.S. outperforming while Europe and China face challenges.
• Eurozone Outlook: Composite PMI rose to 50.2, signaling stabilization but supporting expectations of a 25bp ECB rate cut.  

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