Lagarde opening statement: Economic activity has been somewhat weaker than expected ...Middle East

The disinflationary process is well on trackManufacturing has continued to contractServices activity showed an uptick in August but latest data is more sluggishBusiness are increasing investment slowlyHousing investment continues to fallSavings rate is well above the pre-pandemic period (about 3 percentage points)Labor market remains resilientWe expect the economy to strengthen over time This article was written by Adam Button at www.forexlive.com.

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