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Global inflation and growth: what to watch for in the upcoming August PMI surveys
The global economy continued to lose growth momentum at the start of the second half of 2023, underpinned by waning of service sector growth momentum and a deepening manufacturing downturn. Whether this continues in August and to what extent if so, will be eagerly watched with the upcoming flash PMI releases for major developed economies on August 23rd, followed by worldwide PMI figures at the start of September. Furthermore, global inflation has shown signs of 'stickiness' in July, driven by higher service sector prices. To understand if elevated inflation will sustain for longer, we will be tracking the price ... (full story)