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Global Economy Faces Slowdown as Interests Rise and Inflation Cool
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Argentina's Inflation Spikes
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The world economy is experiencing a slowdown, with advanced economies projected to see weak growth until 2025. Europe's inflation cooled, leading to expectations of interest rate cuts by the European Central Bank. Japan's business service prices surged, challenging the Bank of Japan's inflation deceleration assertions. In Australia, the monthly inflation gauge slowed, supporting a potential interest rate pause. Brazil's inflation slowed, aligning with plans for more monetary easing. Zimbabwe's inflation climbed due to increased power tariffs. 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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How can the climate crisis in Ivory Coast and Ghana be addressed to mitigate its impact on global food inflation?
How will the slowdown in the world economy impact global trade?
What measures can advanced economies take to stimulate growth?
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