Russian household consumption is recovering slowly

Household consumption was hit by the war but is now showing signs of revival as consumers adjust their behaviour

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Petrobras pricing policy will bring doubts in Brazil

State-controlled oil company Petrobras has revised its pricing policy, in line with government efforts to cut inflation

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Economic headwinds abound, including the global trade downturn

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The euro-area has entered into a technical recession following negative growth in the last two quarters

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Rising military-industrial sector production and related industries will support manufacturing activity in 2023

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The performance of the still fairly strong labour market will be key to Fed policy and US economic prospects to end-2023

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The GDP outlook is reasonably bright, despite headwinds

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GDP expanded by 1.9% quarter-on-quarter and 4.0% year-on-year in the first quarter

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Global economic activity will worsen as services slow, with the downturn relatively mild but potentially prolonged

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Central bank pressures are rising and uncertainties over bank solvency, interest rates and inflation will reduce growth

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