Global briefing: Biden & Xi/ Nvidia or OpenAI?/ Inflation/ Small economies/ Dutch elections
Insights on five things that matter this week.
In this week’s global briefing:
1. Biden & Xi: There were warm words in San Francisco as Mr Biden and Mr Xi met, but little has changed in strategic competition between the US and China.
2. Nvidia or OpenAI?: OpenAI has dominated the AI newsflow over the past week, but it is Nvidia’s remarkable Q3 results that give the better guide on the AI outlook.
3. Inflation: Headline inflation is reducing quickly across advanced economies, but victory should not be declared too quickly. Inflationary pressures lie ahead.
4. Small economies: GDP growth across many small advanced economies has been weak through 2023 on the back of weaker trade flows. But the outlook is better.
5. Dutch elections: The far-right scored a big win this week, reflecting an inward-turn in Dutch politics. But there are lengthy, complex coalition negotiations to come.
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