We keep close tabs on the global economy using two observational publications, Global Inflation Heat Maps and GDP Heat Maps. The monthly Global Inflation Heat Maps are a monthly visual representation of the evolving inflationary pressures across various sectors in the world’s largest economies. The quarterly GDP Heat Maps summarises the national accounts data for 53 countries.

Latest publications

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GDP Heat maps

March 2025

Inflation improvement in Q3 was largely technical and oil price-related

Global nominal growth tumbled in the third quarter of 2024, to 6.0 per cent, led by weakness in US, Germany, Korea, and the oil producers, offset by modestly stronger growth in China, Japan, UK, France and Italy. Real growth held up, meaning that the deflator bore the full burden of nominal decline, reaching an annual pace of 3.4 per cent.

GLOBAL INFLATION HEAT MAPS

March/April 2025

The chill before the thaw

Dramatic declines in emerging economies’ inflation – notably Argentina, Egypt and Turkey – dragged down global inflation to 3 per cent for the first time since 2020. In advanced economies, inflation is basing out and core rates remain inconsistent with central bank inflation targets and objectives.