Eurobank Economic Analysis & Financial Markets Research
HIGHLIGHTS
Incoming survey-based indicators from several major economies deteriorated further, pointing to an extended period of subdued growth. However, despite acknowledging recession risks, a number of major central banks continue to tighten monetary policy in response to persistent underlying price pressures and labor market tightness, remaining resolute in restoring price stability. Against this backdrop, global financial conditions have tightened further, most prominently through USD appreciation, raising risks of a further worsening in inflationary pressures and macroeconomic instability in the global economy.
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