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The Latest Analysis
Global business sentiment remains stable and consistent with the global economy growing at its potential rate. Global businesses have adjusted well to the Iran war, which has driven energy prices sharply higher and caused extraordinary volatility in global stock and bond markets, at least for now. The weakest survey responses are to the broad questions regarding current and future business conditions. Sales, investment, and, to a lesser degree, hiring are holding up well. Despite the increase in interest rates since the war began, businesses say the cost and availability of credit remain good.