Is the global economy out of gas?

The US economy surprises to the upside, while Europe slips into a mild recession, challenging the European Central Bank as inflation remains elevated. Meanwhile, hopes for a strong global impact from China’s reopening are lagging expectations, prompting fresh policy support. T. Rowe Price says the key risks to global markets include a deeper‑than‑expected decline in growth, central bank missteps, persistent inflation and geopolitical tensions.