Global economy faces a slowdown with euro-area recession becoming more likely. Inflation eases in the US and UK, prompting interest rate cuts. While China and Japan's economic recoveries remain uncertain, the US housing market shows a divide, and India's trade deficit widens. The global economy is expected to slow down in 2024, with concerns about a recession in Europe and the UK. Oil prices contribute to the renewed optimism on U.S. disinflation and stock surge, while concerns about the property sector persist in China.

Global Economic Outlook