Economic Buzz: Global uncertainty remained elevated in wake of lingering US trade policy uncertainties

Reserve Bank of India (RBI) stated in its latest monthly bulletin that global uncertainty remained elevated in the wake of lingering US trade policy uncertainties with key trading partners, renewed concerns on fiscal health of advanced economies (AEs) and geopolitical risks. Despite uncertainties clouding the economic outlook, the global purchasing manager?s index (PMI) rose to a 14-month high in August with manufacturing PMI moving into the expansion zone accompanied by a robust expansion in services sector activity. Inflation trends remained divergent across AEs and EMDEs. While the former grappled with sticky inflation, the latter experienced disinflation. CPI inflation in the US edged up to 2.9 per cent in August, the highest since January, though core inflation remained steady at 3.1 per cent.

Powered by Commodity Insights