Charting the global economy: India's strong economic growth set to continue

economictimes.indiatimes.com:

In the euro zone, inflation quickened last month on an annual basis for the first time since April. Manufacturers in most of Asia saw a slowdown in orders and production amid tepid customer appetite for goods.

Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy:

US
US job growth picked up in December and wage gains exceeded expectations in a mostly solid report that included some caveats about the strength of the labor market.
The US service sector came close to stagnating at the end of 2023 as a gauge of employment showed the biggest contraction in more than three years. A sustained slowdown in services would raise concerns about the risk of a broader cooling of the economy.
A US factory gauge remained stuck in contraction territory for a 14th month at the end of 2023, restrained by weaker orders and extending the longest stretch of shrinking activity since 2000-2001.

Europe
Euro-zone inflation picked up in December, highlighting the rocky path back to 2% foreseen by the European Central Bank as governments remove support for lofty energy costs.
Britain’s economic prospects brightened with a pickup in lending and two prominent forecasters anticipating stronger growth and rate cuts early this year.

Goldman Sachs and Bloomberg Economics both upgraded their outlook for growth and predicted the Bank of England will reduce borrowing costs starting in May. Bosnia-Herzegovina’s central bank has named economist Jasmina Selimovic as its new governor, making her the first woman to head the institution.