A Chill in the Air

This NatWest economic report provides a snapshot of the UK, U.S., and global economies as they navigate inflation, labor market shifts, and climate policy challenges.

• UK Outlook: GDP grew 0.1% in Q3, while cooling labor market conditions signal cautious rate cuts; housing market remains resilient amid tighter policy.
• U.S. Trends: Inflation persists at 2.6%, driven by housing and auto prices, with uncertainty around Trump’s fiscal policies clouding the outlook.
• Global Issues: COP 29 faces hurdles in climate financing, highlighting challenges in meeting emission reduction targets.

For detailed insights and policy implications, access the full report.