Beige Book: Economic activity has declined slightly since the prior report ...Middle East

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Beige Book: Economic activity has declined slightly since the prior report
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Half of the Districts reported slight to moderate declines in activity, three Districts reported no change, and three Districts reported slight growth.All Districts reported elevated levels of economic and policy uncertaintyConsumer spending reports were mixedResidential real estate sales were little changedEmployment steady, hiring cautious due to uncertaintyTariffs driving moderate price hikes; costs increasingly passed to consumersManufacturing softens slightly due to tariffs, cautious investment.

These two quotes capture it well:

"All Districts reported elevated levels of economic and policy uncertainty, leading to a cautious approach."

    "Tariff uncertainty continues to complicate business planning, with firms hesitant to commit capital or increase hiring."

    This article was written by Adam Button at www.forexlive.com.

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