Charting the Global Economy: New policies considered to be trade-restrictive hit a record in 2023
Inflation is set to ease across Group of Seven economies, according to those countries’ central bankers, but the progress will be uneven.
G-7 leaders meeting in Italy are weighing the durability of America’s growth momentum against the perennial sickliness of Europe’s expansion. However, the softer inflation outlook could be challenged by an aging global population as more old people are spending and fewer young people are producing.
In the UK, figures on inflation, migration, private-sector activity, retail sales and consumer confidence have all been published since Wednesday morning, hours before Prime Minister Rishi Sunak called a snap general election. An announcement on household energy bills highlighted the political divide.
Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy, markets and geopolitics:
World
A two-speed global economy skewed by US strength is overshadowing this week’s G-7 meeting as officials confront the prospect of less synchronized monetary policies. G-7 central bankers present know too well that the contrast is matched by differing prospects for consumer prices as a once-in-a-generation inflation shock fades asymmetrically. The impact from an aging global population on financial markets will be felt across asset classes and geographies, and there’s no one-size-fits-all solution. But many of the strategies being put in place to trade the graying of the world reflect inflationary concerns: Fewer bonds, more stocks and
