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By Manuel AGUILERA, General Manager at MAPFRE Economics, part of MAPFRE
The monetary tightening measures put in place to curb inflationary pressures are beginning to show results, and, as a consequence, the global economy is weakening. Despite the better-than-expected performance of global activity in the first half of the year, forecasts now anticipate a loss in economic dynamism.
This means that a generalized slowdown in demand and recessions in some of the major economies cannot yet be dismissed. While inflation has started to ease, thanks to a moderation in the pace of growth in commodity and energy prices, core inflation shows signs of persistence, anchored by the strength of the services sector and pent-up consumption financed by...
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