World economy at a glance

The United States combines the world's largest economy with deep capital markets and a globally dominant currency. Growth remains resilient on consumer spending and tech investment, while the Federal Reserve balances disinflation with a still-tight labor market.

India is the fastest-growing major economy, driven by domestic demand, services exports and an expanding manufacturing base. The RBI keeps a cautious stance as inflation tracks within target while external balances remain manageable.

Brazil's economy is supported by commodity exports and a resilient services sector. The BCB maintains a restrictive stance as fiscal uncertainty weighs on long-end yields and the real.