Currently, the global economy is in a period of

and

. Inflation remains the largest concern in most markets but has recently begun to

globally with only

countries reporting higher inflation this month than last month.

The Zoomed Out View

Aggregate charts for a better picture of what the entire global economy is experiencing. They change from time to time but we tend to highlight the current buzz from a zoomed out view.

Real GDP GrowthCentral Bank RatesInflation

Inflation

Year-over-year global inflation changes. Total number of countries with Inflation rising minus the number of countries with falling Inflation.

The most recent reporting period is03-2023

Latest
Reported	129
Higher	30
Lower	95
Unchanged	4

** A positive reading indicates more countries are reporting a higher value than countries that are reporting a lower value. Positive numbers should be read as global expansion of the indicator and negative numbers as global contraction of the indicator.

Real GDP Growth

Quarterly real GDP growth year-over-year changes. Total number of countries with Real GDP growth rising minus the number of countries with falling Real GDP Growth. Real GDP Growth equals GDP Growth - Inflation for a more true calculation of how an economy grew.

The most recent reporting period is9-2023

Latest
Reported	17
Higher	9
Lower	6
Unchanged	2

Central Bank Interest Rate

The global, on-balance Central Bank Interest Rate direction. Calculated by taking the total number of central banks raising their overnight rate minus the number of central banks lowering their overnight rate.

The most recent reporting period is04-2023

Latest
Reported	32
Higher	6
Lower	4
Unchanged	22

Inflation

Year-over-year global inflation changes. Total number of countries with Inflation rising minus the number of countries with falling Inflation.

The most recent reporting period is03-2023

Latest
Reported	129
Higher	30
Lower	95
Unchanged	4

Real GDP Growth

The most recent reporting period is9-2023

Latest
Reported	17
Higher	9
Lower	6
Unchanged	2

Central Bank Interest Rate

The most recent reporting period is04-2023

Latest
Reported	32
Higher	6
Lower	4
Unchanged	22

Inflation

Year-over-year global inflation changes. Total number of countries with Inflation rising minus the number of countries with falling Inflation.

The most recent reporting period is03-2023

Latest
Reported	129
Higher	30
Lower	95
Unchanged	4

Upcoming Economic Releases

All of the events below are considered high impact.

Country		Event	Actual	Estimate	Previous
Thursday, Nov 30th
🇫🇷	France	Inflation Rate YoY (Nov)	3.4		4
🇩🇪	Germany	Unemployment Change (Nov)	22	22	31
🇩🇪	Germany	Unemployment Rate (Nov)	5.9	5.8	5.8
🇮🇹	Italy	Inflation Rate YoY (Nov)	0.8		1.7
🇪🇺	European Union	Core Inflation Rate YoY (Nov)	3.6	3.9	4.2
🇮🇳	India	GDP Growth Rate YoY (Q3)	7.6	6.8	7.8
🇨🇦	Canada	GDP Growth Rate Annualized (Q3)	-1.1	0.2	1.4
🇨🇦	Canada	GDP Growth Rate QoQ (Q3)	-0.3		0.3
🇺🇸	United States	PCE Price Index YoY (Oct)	3	3	3.4
🇺🇸	United States	Core PCE Price Index YoY (Oct)	3.5	3.5	3.7
🇺🇸	United States	Personal Income MoM (Oct)	0.2	0.2	0.4
Friday, Dec 1st
🇨🇭	Switzerland	GDP Growth Rate YoY (Q3)	0.3	0.5	0.3
🇮🇹	Italy	GDP Growth Rate YoY (Q3)	0.1	0	0.3
🇨🇦	Canada	Employment Change (Nov)	24.9	15	17.5
🇨🇦	Canada	Unemployment Rate (Nov)	5.8	5.8	5.7
🇺🇸	United States	ISM Manufacturing PMI (Nov)	46.7	47.6	46.7
🇺🇸	United States	Fed Chair Powell Speech
Tuesday, Dec 5th
🇦🇺	Australia	RBA Interest Rate Decision		4.35	4.35
🇺🇸	United States	ISM Services PMI (Nov)		52	51.8
Wednesday, Dec 6th
🇦🇺	Australia	GDP Growth Rate YoY (Q3)		1.7	2.1
🇨🇦	Canada	BoC Interest Rate Decision		5	5

Don't let the economy surprise you.

Economic releases, key earnings, speeches, weather, and other market moving events for the week ahead are highlighted in our weekly Sunday note.