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

July 2024

Settling for 4 per cent global inflation?

Global nominal growth weakened in the first quarter of 2024, to 6.4 per cent, led by softer readings for Japan, Germany, France, India and Brazil. Japan was one of ten countries with falling real GDP in the year to Q1. Inflation reductions were widespread but relatively minor in the first quarter, leaving the deflator at an annual pace of 3.8 per cent.

GLOBAL INFLATION HEAT MAPS

May/June 2024

Global disinflation has lost its mojo

Global inflation has levelled out over the past six months, as food price inflation begins to pick up again. Among the majors, only the UK looks set for further downward progress, while headline inflation is firmer in China and Germany. With central banks desperate to lower interest rates, their appetite for the inflationary fight is waning.