A positive month in the financial markets, albeit with a slowdown
The spring rally was dampened by signs of persistent inflationary pressures and a tightening of the hawkish tone among the major central banks, with rates expected to be «higher for longer».
Thermal oscillation in the international economy
The world economy ended the first half of 2023 with three major dynamics: economic activity remained resilient, inflation fell steadily in all major economies, and financial conditions continued to tighten.
Editorial
Key points of the month
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