At first glance, it would seem that downside risks to activity and inflation are growing in Australia. The ABS' household spending indicator suggests that consumer spending slowed to a halt in Q1...

Although our base case remains that the hit to UK GDP growth from US tariffs will be relatively small, the downside risks to our below consensus forecast for GDP growth of 0.8% in 2025 have increased...

Sweden’s CPIF inflation was unchanged in April which will give the Riksbank little cause for concern going into its policy decision tomorrow. We expect it to keep the policy rate at 2.25%.