Global economy shows early signs of cooling as inflation eases in key regions, sparking debate over whether this signals a temporary pause or the start of a broader slowdown. Central banks’ rate hikes, while effective at curbing inflation, are tightening credit and dampening consumer spending — a delicate balancing act with potential job market ripple effects. Experts are split: some foresee a mild recession, others a slower growth phase. The next few months will be critical, with inflation, employment, and consumer behavior as key watchpoints.
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