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Executive Summary The global economy in 2025 demonstrated resilience despite renewed trade tensions, geopolitical conflicts, and persistent inflationary pressures. The return of President Trump to office triggered successive tariff measures…
Global Macroeconomic Review The U.S. economy in November 2025 operated under heightened uncertainty due to missing official data following the 43-day federal government shutdown. The disruption delayed the release of…
Global Macroeconomic Review The U.S. economy in October 2025 presented a mixed picture, as moderate labor market gains contrasted with signs of cooling demand. Private payrolls rose by 42,000 jobs,…
Global Macroeconomic Review The U.S. saw soft labor growth but strong GDP, prompting a 25bps Fed cut as inflation stayed above target. The U.K. faces sticky inflation and weak labor…
Global Macroeconomic Review The U.S. labor market showed clear signs of slowing in July, with employers adding just 73,000 jobs, well below expectations, while May and June payrolls were revised…
Global Macroeconomic Review United States: The US Labor markets have begun showing unmistakable signs of fatigue, with employers adding a disappointing 139,000 jobs in May, falling well short of market…
Global Macroeconomic Review United States:The US Federal Reserve maintained a cautious monetary stance throughout the period, holding its benchmark interest rate steady at 4.25%-4.50% as policymakers navigated complex economic crosscurrents.…
Global Macroeconomic Review United States:The U.S. economy presented a paradox in April 2025. A rare month-on-month CPI decline of 0.1% for March was observed—the first drop since May 2020—driven by…
Global Macroeconomic Review United States: The U.S. economy exhibited signs of cooling inflation in February 2025, with the Consumer Price Index (CPI) rising 0.2% m/m (2.80% y/y) and core CPI…
Global Macroeconomic Review United States: The U.S. economy in early 2025 showed mixed signals. Manufacturing rebounded after 27 months, with the ISM Manufacturing PMI improving, while the ISM Services PMI…
