INT
Digital euro will launch but perhaps later than 2027
Plans for the digital euro see a 2027 launch but the ECB still needs to win support from commercial banks and citizens
InternationalUS-China economic ties will gradually weaken
A flagship US survey of the China business climate flags some optimism but also a trend of US firms moving from China
InternationalEasing euro-area CPI points to rate cuts later in 2024
Inflation was little changed at 2.8% last month but core inflation dropped to 3.3%; high food prices remain a concern
InternationalCentral US treasury clearing marks substantial change
Big banks, broker dealers and hedge funds will have to settle their treasury and repo trades centrally from 2026
United StatesWorld economic downturn will be shallow but prolonged
The IMF sees global growth unchanged at 3.1% due to the United States and China experiencing only modest downturns
InternationalSlow US job slowdown supports confidence and rate cuts
US job vacancies, quits and hires rose very modestly in December and consumer confidence rose more markedly
United StatesEuro-area GDP will struggle to top 1% in 2024 and 2025
The euro-area grew by 0.1% year-on-year in October-December and 0.5% year-on-year in 2023, compared to 2.5% US growth
EUChina’s domestic activity will slow modestly in 2024
Stronger consumption and infrastructure investment offset weaker property investment and trade to take GDP above 5%
China
