Improved inflation trends have boosted hopes of monetary policy easing in 2024, with advanced economy prices in October rising at their slowest pace since July 2021. There was a wide divergence in growth among major advanced economies in Q3 – with strength in the US in contrast to relative weakness in other countries – however this gap is expected to narrow as the US slows in Q4. Among emerging markets, India and Russia grew faster than anticipated, however there is scepticism regarding the strength of both results. We have revised our forecasts for global growth marginally higher this month, largely reflecting the ... (full story)