Inflation continues to ease across the board, but core inflation remains at uncomfortable levels. Spending across countries has softened, with the exception of Russia. ![]() Meanwhile, consumer confidence has gradually been improving, but remains patchy and low. Currently, the smallest share of executives since June 2021 is expecting interest rates to increase in their countries. ![]() However, perspectives on the interest rate environment are evolving, with 21% identifying rising interest rates as a risk. India is notably positive: respondents are much more bullish about their economy, with 85% saying conditions have improved compared to six months ago, up from 46% in March.Īt the same time, inflation and geopolitical instability continue to top the list of perceived risks to global and domestic growth: 35% of respondents cite inflation as a risk to economic growth in their country, while 34% flag geopolitical instability and conflict.
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