Global Economy Faces Slowdown as Interests Rise and Inflation Cool

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.