• Weakening survey data in particular are pointing to the growing risks of a recession in some of the major world economies...
• The Fed and ECB remain more optimistic about their economies, which continued to expand in the third quarter...
• Eurozone GDP rose by 0.2% in Q3 after a strong performance in the first half of the year...
• The differing outlooks for the three economies was reflected in the recent policy meetings of their respective central banks...
• The main reason the Fed believes policy will have to tightened further than previously guided is that inflation has proved to be more persistent and stickier than anticipated...
• In the Eurozone, the only release of note will be the retail sales for September...

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