Macroeconomic Monitor November 2024 – Global and Domestic Overview: Resilient Growth, Inflation Trends, and Policy Shifts Across Key Economies
The US economy experienced a slight slowdown in Q3 2024, with GDP growth at 2.8% QoQ (down from 3.0% in Q2), driven by robust consumer and government spending despite declining private investment and higher import growth. Manufacturing remained in contraction with the PMI at 48.5 in October, as industrial production and durable goods orders continued […]
Macroeconomic Monitor October 2024 – The World After Rate Cuts: Declining Consumer Confidence and Disruptions in Middle-Class Spending
Globally, United States consumer confidence weakened significantly to pessimistic region in September 2024, with the Consumer Confidence Index falling to 98.7 from 105.6 in August 2024, marking the largest drop since August 2021. Concerns about job security, reduced hours, and fewer job openings contributed to the decline. Meanwhile, US Purchasing Manager’s Index indicates a third […]
Macroeconomic Monitor September 2024 – Navigating Economic Challenges: Growth and Headwinds Across Key Global Economies
The US economy showed strong GDP growth in Q1 2024, driven by personal and government spending, while manufacturing contracted in August with a PMI of 47.9, signaling weaker demand and a potential slowdown in production. Meanwhile, the Federal Reserve implemented a 50-bps rate cut in September to support growth amid inflation stabilization and slowing job […]
