![Red sea](https://img.etimg.com/thumb/msid-107595750,width-300,height-225,imgsize-64330,resizemode-75/red-sea.jpg)
Deflation in China is deepening, while annual revisions confirmed US inflation is on a downward trend. However, price pressures in Brazil failed to slow by as much as forecast at the start of the year, while wage growth maintained momentum in Japan.
Here are some of the charts that appeared on Bloomberg this week on the latest developments global economy, geopolitics and markets:
World
![407165732 407165732](https://img.etimg.com/photo/msid-42031747/et-logo.jpg)
Australia’s central bank left interest rates at a 12-year high and signaled further tightening remains possible. India kept rates steady but maintained a hawkish policy stance. Thailand, Iceland, Serbia, Uganda, Poland, Mexico also left rates unchanged. Kenya hiked by more than expected, and Nigeria raised interest rates on short-term debt. The Czech Republic and Peru cut rates.
![407342276 407342276](https://img.etimg.com/photo/msid-42031747/et-logo.jpg)
Asia
![407315717 407315717](https://img.etimg.com/photo/msid-42031747/et-logo.jpg)
![407161780 407161780](https://img.etimg.com/photo/msid-42031747/et-logo.jpg)
US
![407397147 407397147](https://img.etimg.com/photo/msid-42031747/et-logo.jpg)
US inflation was about the same at the end of last year as initially reported after incorporating annual revisions, according to new data published Friday. The uneventful revision will come as a relief for Federal Reserve officials who are seeking more evidence that price pressures are sustainably receding before they begin cutting interest rates.
![407286891 407286891](https://img.etimg.com/photo/msid-42031747/et-logo.jpg)
![407235165 407235165](https://img.etimg.com/photo/msid-42031747/et-logo.jpg)
Emerging Markets
![407406610 407406610](https://img.etimg.com/photo/msid-42031747/et-logo.jpg)
Brazil’s annual inflation slowed less than expected at the start of the year, underscoring the challenges facing the central bank as it lowers borrowing costs.
Europe
![407270505 407270505](https://img.etimg.com/photo/msid-42031747/et-logo.jpg)
German industrial output extended its slump to a seventh month in December, underlining the struggles gripping Europe’s largest economy. The overall level of production is now at its lowest since June 2020, and stripping out the shock of the pandemic, the last time it was so weak was in 2010.
![407164868 407164868](https://img.etimg.com/photo/msid-42031747/et-logo.jpg)
European economies received a poor bill of health in a survey of experts that showed elevated recession risks due to geopolitical conflicts and heightened energy costs. In the euro zone, the chances of two consecutive quarters of declining output by year-end are highest in Germany and the Netherlands.
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