Bundles

11 July 2024

ING Monthly: The global economy needs a half-time pep talk

There’s nothing like a concerned manager giving his or her team a good talking to to boost their chances of winning the game - just look at the Euro football championships. So, halfway through the year, how worried or encouraged should we be about the global economy? And, how’s the ING team doing...?

In this bundle

The global economy needs a half-time pep talk

Our global economic half-time team talk

We're still playing the central bank waiting game

United Kingdom

Japan

United States

We’re still playing the central bank waiting game

Why the Fed and the ECB are still on track for rate cuts in September

, and 2 others

United States

US resilience continues to be challenged

The US economy has proven to be more resilient than we expected

A lacklustre effort from the eurozone's Big Three

France

Germany

Italy

A lacklustre effort from the eurozone’s Big Three

Germany, France and Italy perhaps need to up their game

, and

United Kingdom

The Bank of England’s game of two halves

We were mostly right on UK inflation. Next up, rate cuts

OPEC+ policy remains key for oil outlook

Commodities, Food & Agri

Energy

OPEC+ policy remains key for oil outlook

Oil prices have strengthened as OPEC+ supply cuts tighten the market

China

China’s growth drivers are shifting

China's shift in growth drivers

Asia: Rate hikes and cuts, a game of two halves

Asia: Rate hikes and cuts, a game of two halves

Some good, some bad, some hikes, some cuts

and

The focus on local FX champions

It's no longer all about the Fed in FX

Rates

Rates: How to play the US election drama

Here's what Treasuries could do amidst the US election

Report

ING’s July Monthly: The global economy needs a half-time pep talk

The full report of our half-time take on how well the global economy is performing so far this year