Summary Leading index drop is largest in three months. Coincident index stabilizes, following two months of increase. Lagging index dips for second month in last three. The U.S. Leading Economic...
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Charts of the Week
Charts of the Week
The messaging from this week’s raft of economic data has painted an increasingly familiar picture of the global economic scene. Headline inflation is finally easing off its highs in large part thanks to ebbing energy prices. But last year’s high levels of inflation and the global trend toward tighter monetary policy that they sparked are now exacting a heavier toll on economic activity.
Inflation focus
The ECB’s decision to lower its key policy rates by 25 basis points this week, while widely anticipated, underscores a shift in focus, with central banks now prioritizing economic growth. This marks a departure from the post-pandemic period when monetary policy had been calibrated to curb inflation. In our charts this week we take a closer look at the global inflation scene. In particular we home in on:
·    The global inflation consensus
·    Capacity pressures
·    Unit labour cost inflation
·    Labour market flexibility
·    Remote working trends
·    AI’s productivity potential
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