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Economic and financial risk insights : global economic prospects improve in the near-term despite a still-challenging policy backdrop

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<title>Economic and financial risk insights</title>
<subTitle>: global economic prospects improve in the near-term despite a still-challenging policy backdrop</subTitle>
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<dateIssued>2025</dateIssued>
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<abstract displayLabel="Summary">The document highlights an improved near-term global economic outlook despite persistent policy challenges, with upward revisions to US GDP growth driven by strong consumer spending and AI-related investment, while euro area and China also show modest gains; inflation is expected to remain above target in the US but ease in Europe and China, and interest rates are projected to stabilize with limited further cuts; key risks include financial market instability, geopolitical tensions, fiscal vulnerabilities, labour market constraints, and political uncertainty, while upside potential stems from easing trade frictions, technological productivity gains, and conflict resolution; the report also includes regional forecasts and recent expert publications on South Africa, US property and casualty markets, marine insurance in China, metabolic health, and climate-related catastrophe losses</abstract>
<tableOfContents displayLabel="Contents">Economic and financial risk insights -- What's new in our global macroeconomic view -- Key takeaways -- Key forecasts and scenarios (in %) -- Global risk monitor -- Regional forecast overview -- In case you missed it</tableOfContents>
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<topic>Economía</topic>
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<topic>Perspectivas económicas</topic>
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<topic>Inflación</topic>
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<topic>Mercado de trabajo</topic>
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<topic>Nuevas tecnologías</topic>
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<topic>Productividad</topic>
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<partNumber>June 2025</partNumber>
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