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• Date de création 09/09/2024
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The global economy in August 2024 remained on a stable upward trajectory. Goods price growth slowed again in August. Underlying inflation also moderated, reinforcing signals of easing price pressures, and inflation expectations declined across the horizon. However, headline inflation is expected to remain above target for much of the coming months. Overall, risks to economic growth and inflation remain tilted to the downside. Growth could be weaker if the effects of monetary policy and the prolonged wars in Ukraine and the Middle East prove more severe than anticipated.

In the commodity market, we have noted an increase in copper prices, supported in particular by signals of economic recovery, supply disruptions as well as an improvement in sentiment regarding the possibility of interest rate cuts in the United States. On the other hand, the Cobalt prices have been trending slightly downward in August 2024. In addition, crude oil market prices have been showing a downward trend, due to growing investor concerns about the deterioration in demand prospects. This decline in prices could also reflect increased compliance with OPEC+ production limits. As for the Gold prices have been trending upwards, driven by the depreciation of the US dollar in the international foreign exchange market