Supply chain disruptions from the Middle East war are impacting oil transportation, with effects already baked in but persisting due to slow tanker movements, warranting monitoring of oil prices.
Emerging market central banks have built independence and data-dependent policy making, leading to better performance compared to advanced economies, supporting a positive view on emerging markets.
The UK has a mature fiscal approach, avoids indiscriminate spending, and pursues pro-growth policies, making it a resilient economy and a good example for others.