Recent positive indicators suggest a potential improvement in the global economy, although significant risks remain.

The OECD forecasts global growth of 3.2% for 2024 and 2025, driven by resilient trade and accommodative monetary policies.

Inflation rates are stabilizing around 2.0-2.3%, creating a potential for a soft landing as inflation slows.

In the US, consumer spending and business investment have significantly contributed to upward revisions in GDP growth over the past year.

The US economy demonstrated robust second-quarter growth of 3%, according to updated GDP estimates.

Looking ahead, the US economy is projected to grow by 2.1% in 2024, while the eurozone's growth is lagging at just 0.2%.

Political challenges, including the upcoming US presidential election, pose risks to economic stability.

Central banks are navigating the delicate balance between controlling inflation and promoting growth, leading to mixed policy actions.

While global manufacturing activity has declined, the services sector is experiencing its fastest growth in 14 months.

Policymakers are increasingly concerned about the implications of geopolitical instability and high debt levels on economic recovery.

Ongoing conflicts in Ukraine and the Middle East continue to present additional risks to global stability and economic growth.

The recent annual meeting of the International Monetary Fund and World Bank highlighted concerns over government debt and geopolitical tensions.