Macroeconomics

 The dominant problems of the recent past remain, with the wars in Ukraine and Russia, and in the Middle East still at the top of the political agenda, with developments that are critical and dangerous.
Recovery on the financial markets continued after the brief collapse in Japan and its global consequences. Share indices have almost reached record highs again and are now relying on interest rate cuts in the US. It can now be assumed with almost 100% certainty that interest rates in the US will be cut in September and it is now really only a question of the amount and whether there will be further rate cuts by the end of the year.

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