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Servicing the global economy

Read about global markets and trends in this monthly Investment Outlook.

Published on 07 Sep 20231 minute read

This monthly commentary gives a roundup of global markets and trends.

In this edition:

  • The global economy continues to show resilience despite rising interest rates, with the service sector holding up.
  • Covid-era “excess” household savings and solid labour markets have helped to sustain consumption and growth.
  • The service sector may have further to run: US spending on services has only now recovered from pandemic lows, suggesting there is pent-up demand.
  • Manufacturing, however, remains weak, though improving economic activity may provide a boost

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