Global Growth Holds, but Strains Emerge Across Key Economies

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NatWest’s Chief Economist highlights growing economic pressures across advanced economies as fiscal and trade challenges mount.

  • In the UK, public borrowing surged to £18bn in August, overshooting expectations and setting a difficult stage for the Autumn Budget.

  • The Eurozone shows modest resilience, with services driving growth, but manufacturing faces export headwinds from U.S. tariffs.

  • U.S. consumer spending remains robust, yet confidence is slipping amid sticky inflation and labor market concerns.

How sustainable is global resilience as fiscal strains and tariff impacts build? Read the full analysis for deeper insights.

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