Economy

The global interest-rate outlook has changed significantly as energy prices remain elevated and inflation pressures have become more persistent.

The global economy continues to demonstrate greater resilience than initially feared despite elevated energy prices, geopolitical disruption and tighter monetary policy.

The global economy is entering a more challenging phase as several major macroeconomic forces are moving in the same direction.

Global manufacturing activity is showing renewed momentum after a prolonged period of uneven growth. The latest data indicate that demand for technology products, particularly equipment connected with artificial intelligence, is supporting production across parts of Asia.

Europe-China trade relations have moved higher on the global economic agenda as policymakers focus on the growing imbalance in goods trade. European policymakers have highlighted the scale of theDeficitand the impact of increasing Chinese industrial exports on European manufacturers.

India is entering a more challenging global macro environment as three major forces converge:higher US interest rates, a stronger dollar andCrude Oilabove $100 a barrel.

Indonesia is entering a more complicated monetary-policy environment as global interest rates rise whileCrude Oilremains above $100 a barrel.