Clouds Are Forming For The Global Economy

Summary

• The Organisation for Economic Co-operation and Development lowered its projections for 2025 and 2026 global gross domestic product growth.
• The Federal Reserve lowered its expectations for US growth and increased its projections for both inflation and unemployment for 2025.
• German lawmakers passed a critical spending package that helps clear the way for 1 trillion euros in debt financing for defense and infrastructure spending.

Pobytov

The Organisation for Economic Co-operation and Development (OECD) sees clouds forming for the global economy, Federal Reserve expectations indicate an increased risk of stagflation in the US, and the Bank of England is taking a hawkish tone due to global uncertainty.