In Europe, where inflation has cooled sharply, the economy is weak and could use a boost. The area is vulnerable to the conflicts around it.

The European Central Bank, which sets interest rates for the 20 countries that use the euro currency, is not expecting the bloc to fall into recession as it cut borrowing costs once again after figure

Canada is the next in line to slash rates this week as policymakers take more aggressive action to arrest rapidly slowing growth. It’s a very different story in Australia.