Fears of a deflationary spiral in China are overdone

Pork prices fell by 30.1% in October, taking headline inflation slightly below zero; services inflation remains above 1%

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Hopes of any rate cuts increasingly fade in the West

The UK, euro-area and US central banks are all adamant that rate cuts are not on the near-term agenda

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Despite post-pandemic recovery, structural inefficiencies and geopolitical tensions look set to dent growth

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Non-euro CEE countries either can join but lack the political will, or have the will but fail the economic criteria

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The United States and China, the largest global growth engines, will slow notably; downside risks dominate

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Italy just about avoided entering a technical recession in the third quarter

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German GDP contracted on the quarter and the year in July-September

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US m-commerce (on mobiles) and s-commerce (on social media) retail is growing fast, but TikTok faces political headwinds

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Retail sales of e-and-m-commerce from 2019 to 2027

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Official data have shown income inequality worsening despite Beijing’s drive to reduce it

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