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• Date de création 13/05/2025
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In April 2025, the global economy continued its moderate expansion, amid gradual disinflation inflationary pressures. Core inflation indicators recovery, particularly through the contraction of suggest a convergence toward lower levels, while prices, driven by the combined effects of weakening domestic demand and private investment efforts.easing of financial conditions, combined with easing Commodity market performance varied across inflation, could catalyze a more robust recovery in and the United States, cobalt continued its strong and relative prices in certain segments, in response of monetary policy is prolonged. Conversely, a faster significantly. Nevertheless, headline inflation slowly than expected if the restrictive transmission the upward momentum in energy prices has eased negative economic signals, particularly in China upward trend, fueled by supply tensions and growing or macroeconomic—is holding back the cyclical segments. While copper prices halted their upward In the medium term, the output gap could close more from investors seeking safe havens amid economic climate of uncertaintywhether geopolitical, trade, to previous inflationary shocks. The persistent demand related to the energy transition. Gold, for its and geopolitical uncertainty. Finally, oil markets productive investment flows and international trade. remains elevated, due to delayed second-round effects, linked to the inertia of wage adjustments part, continued its ascent, driven by renewed interest were marked by high volatility and a sharp decline in trend amid weakening industrial demand and global demand, rising production, and ongoing trade reflecting a gradual slowdown in underlying tensions between major economic powers.