global economy

China’s consumers are spending less. A slowdown could be on the horizon.

Language in the current memorandum of understanding could allow Iran to become more integrated in the global economy.

Several central banks are going to make decisions on interest rates this week, including the Federal Reserve. While most are likely to keep interest rates unchanged this week, Fed policy could start to diverge from other central banks in the coming months.

At the outset of the war in Iran, the dollar surged, likely because of the typical “flight to safety” behavior. But more recently, it’s been taking a beating.

Mohamed El-Erian, professor at the Wharton School and chief economic advisor at Allianz, says the war, among other things, is wearing down confidence in the U.S. and its “ability to inform and influence outcomes.”

Analysts say the global oil market faces months of disruption from damaged infrastructure, a slow reopening of the Strait of Hormuz, and drawn-down reserves.

Since Trump’s “Liberation Day” tariff blitz, other countries have turned to each other to adapt.

Oil prices go up faster than they come down, especially since the war has damaged oil infrastructure in the Middle East.

The Organization for Economic Cooperation and Development said the war is a test of the resilience of the global economy, with higher energy prices and uncertainty weighing on economic growth the longer it goes on.

People outside the U.S. use it more, and the more they use it, the more positively the feel about it.