Global Growth Slows Amid Higher Rates and Inflation

Global growth is slowing as advanced economies face higher interest rates and inflation cools in Europe and Japan. Australia's inflation rate supports a potential interest rate pause, while Brazil plans more monetary easing. Zimbabwe's inflation is driven by 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 are cooling, indicating a slowdown in the economy.