INT
Global services slowdown raises policy-making risks
The services PMIs are largely contracting, helping bring headline prices lower but also slowing major economies' growth
InternationalHigher oil prices would transform the economic outlook
OPEC+ expects the oil price to remain elevated into 2024
InternationalDecarbonisation to test the boom in business aviation
Business aviation and private jet usage has surged since end-2019 but faces a huge test to reduce its carbon footprint
InternationalIssue of state control impedes UN treaty on cybercrime
The sixth round of UN negotiations on a new cybercrime treaty concluded in New York last month, but without an agreement
InternationalDeeper manufacturing downturn adds to recession risks
Manufacturing PMIs have worsened in the euro-area, Japan and ASEAN
InternationalCPI slowdown points to ECB rate pause next month
Services prices fell by the most since 2020, helping both headline and core inflation to fall markedly below 5%
EUWeaker confidence, especially in housing, to slow CPI
US consumer confidence appears to be easing faster than housing market activity
United StatesECB priority is taming prices even as activity slows
The ECB remains hawkish on interest rates even as German consumer confidence is worsening
Western Europe