Mumbai, June 17 -- The Organization of Petroleum Exporting Countries or OPEC stated in a latest monthly update that global economy continues to exhibit healthy underlying dynamics despite trade-related uncertainties. Confidence levels have begun to recover across major economies following the 90-day pause on US reciprocal tariffs and the provisional trade agreement between the US and China. Private consumption and monthly retail sales data indicate sustained consumer spending, which is expected to continue as trade-related clarity improves. However, uncertainty has not been fully resolved. Thus far, only the UK has finalised a trade agreement with the US, while Japan, the EU, China, and other major partners remain in talks. Against this bac...
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