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OverviewAPI
Global economic growth is expected to slow down due to higher interest rates, with the OECD projecting weak growth until 2025. Europe's inflation cooled, leading to potential interest rate cuts by the ECB. Japan's business service prices surged, challenging the BOJ's inflation deceleration assertions. In Australia, a potential interest rate pause is supported by slowing monthly inflation. Brazil's inflation slowed, aligning with plans for more monetary easing. Climate crisis in Ivory Coast and Ghana is impacting global food inflation. In the US, consumer spending, inflation, and the labor market have cooled, indicating a slowdown in the economy.

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