Reported 5 months ago
Global business activity has shown improvement this month, with the United States, Asia, and Europe experiencing increased economic growth, potentially leading central banks to delay interest rate cuts. Surveys indicate a positive outlook for the global economy for the remainder of 2024 and into 2025, contradicting previous expectations of a slowdown. In the U.S., business activity reached its highest level in over two years in May, while in Europe, activity expanded at its fastest pace in a year. Concerns about inflation persist, particularly in the manufacturing sector, which could impact the Federal Reserve's decision on rate cuts. Europe may see policy easing from the European Central Bank, while Japan and India have shown signs of economic growth.
Source: YAHOO