Closing post
Time to recap…
Stocks are piling up at US factories at a record rate this month, as demand weakens.
In the UK, growth has hit a four-month low, as the shutdown at Jaguar Land Rover hits manufacturing output.
That shutdown has been extended for another week this morning, as JLR reels from its cyberattack.
The OECD has lifted its global growth forecasts, while warning that Donald Trump’s trade war will hurt the world economy,
The UK is expected to slip to the middle of the G7 growth league table next year, with inflation likely to rise faster in Britain than other countries this year.
Gold has hit a record high, and is on track for its best year since 1979.
Chief economists warn of weak growth
The global economy is entering a period of weak growth and systemic disruption, a group of chief economists have warned.
The World Economic Forum’s latest Chief Economists’ Outlook has found that many expect a slowdown next year, and that debt pressures are rising.
The outlook has found:
72% of chief economists expect global economy to weaken in 2026 as disruptions in trade, technology, resources and institutions signal a shift to a new economic environment.
Regional growth pathways are diverging: 56% anticipate greater divergence between advanced and developing economies, with MENA and South Asia emerging as bright spots.
Debt risks are intensifying in advanced economies, with 80% of respondents expecting vulnerabilities to grow.
