Monitor the impact of inflation on discretionary and essential products across 10 countries. Visualise, compare and track changes in product price and availability. See how e-commerce data can support your business strategy. Watch a demonstration of how to use the tracker.
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The ongoing slowdown of the global economy and weaker-than-expected recovery in China continue to put downward pressure on the commodity markets. Subdued B2B demand and private consumption, and weaker capital investment growth dampen the demand for food, energy and metal commodities and cap the price growth.
Resilient consumer spending in advanced economies and China’s recovery resulted in slight improvements to global economic projections for the year.
Inflation in the largest economies continues to moderate as slower economic growth and consequently weaker demand help to cap price growth. Inflation forecasts for the US and the Eurozone remain largely unchanged compared to estimations in the previous quarter as easing price pressures of manufactured goods and commodities help to curb inflation.
At a global level, post-pandemic recovery in 2022 was tempered by deceleration, in constant terms, driven by high inflation, rising unit prices and strained supply chains. Euromonitor International takes a deeper look at five key trends that are adding value for consumers and impacting beauty consumption.
Retail in Poland has undergone a transformation in recent years, as in most countries, starting from rising digitalisation, continuing with the COVID-19 pandemic-induced changes, the war in Ukraine and, finally, the related surge in inflation, which has affected global economies. Eastern Europe and Poland, in particular, are among the most impacted countries and stand out from other countries for rationality in spending.
Better-than-expected resilience in advanced economies and the positive growth impulses following China’s reopening in late-2022 have led to an improved outlook for the global economy compared to the previous quarter.