Major economic forecasts are becoming increasingly cautious as growth expectations weaken across several advanced economies.
S&P Global recently reduced its forecast for global GDP growth, citing geopolitical instability, energy risks and weaker business confidence. Some analysts now believe the global economy could face a prolonged period of slower expansion even without a formal recession.
Central banks are facing a difficult balancing act. While growth is slowing, inflation has not fully disappeared, limiting how aggressively policymakers can support economic activity.
The result is a far more uncertain environment for businesses, governments and financial markets.
