Merchandise trade down, services activity flat from previous quarter
Tight financial conditions, high economic uncertainty remain key vulnerabilities
Canada remained the last G20 country without conduct standards for OTC derivatives markets
Weakness in China dragged down overall GDP
G20 endorsed revised global principles that incorporate sustainability
Moody's boosts 2023 outlook, sees slowing in 2024
Food and energy prices eased, but core inflation remained stubbornly high
Base metal price outlook weaker, precious metals stronger
China's reopening powers GDP acceleration
Risks rising due to higher interest rates, commercial struggles, banking stress