INT
High debts put onus on productivity to lift GDP growth
Advanced economies’ public debt ratios are the highest since 1948, but productivity growth is weak
InternationalJapan rate rises will help the yen and domestic demand
The yen has declined steadily in dollar and trade-weighted terms but rate rises ahead raise hopes of a change of trend
JapanFood prices have likely entered a higher ‘new normal’
World food prices continued to ease in June, led by cereal and meat, although remain far above 2013-18 levels
InternationalUS Cannabis advocates will back Democrats
The US president is not going as far on relaxing cannabis laws as some would like, but he is pursuing change
United StatesWorld trade rebound will remain milder than past rates
World trade volumes grew by about 2% in the first half of the year
InternationalCarbon removal technologies face an uncertain future
Interest and investment in carbon removal technology is rising
InternationalFrance will drag down euro-area growth this year
France’s services PMI contracted for a second month but the euro-area measure was more positive
EUECB is in no rush to cut interest rates again
Euro-area inflation eased slightly to 2.5% in June and the ECB central banking forum has begun in Sintra, Portugal
International
