Seasonal Slump

This NatWest report examines global economic trends, highlighting key developments across the UK, Eurozone, and US economies, as well as outcomes from COP29.

• UK Economy: Inflation rose to 2.3% in October, retail sales dipped but consumer confidence rebounded, and manufacturing showed tentative improvement despite a weak PMI.
• Eurozone Outlook: Economic confidence declined amid political instability, with manufacturing contracting for the 20th consecutive month.
• US Trends: Post-election optimism led to modest business confidence gains, while falling prices supported the Fed’s easing stance.
• Global Climate Action: COP29 secured $300 billion in climate finance but faced criticism over weak standards and reliance on debt-driven funding.

For deeper insights and strategic analysis, access the full report.