Global Economics Monthly Review
The indicators on activity in the third quarter of the year until now (July-August) show weak activity, with an emphasis on the industrial sectors and international trade.
Risks to the growth forecasts remain high. Realization of one or more of the risks may lead to an increase in volatility in the financial markets.
Inflation increased slightly in July, yet is likely to slightly moderate later.
The trend of interest rate cuts by the main central banks around the world is continuing; however, it is doubtful if these measures will help, since currently active fiscal intervention is required on the part of governments around the world, a step that has not yet been taken.
- Expectations for a continued expansion in monetary policy, alongside moderation in growth and inflation rates, represent factors supporting a continuation in the moderate yield environment in the coming months.
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