In this sense, the recent drop in crude oil prices allowed inflation to decrease and core inflation indices to relatively stabilize worldwide. Second-round effects seem to be limited, as was the case when the oil price exceeded USD 75 per barrel. The end of the housing boom in the US is having a limited impact despite lower prices and sales.
Indicators such as employment growth, high corporate profits and liquidity, and the growth of activity in the residential segment are quite strong to support consumption. However, the correction of real estate inflation continues to be a source of uncertainty for the global economy, given the size and scope of its effects on aggregate spending. As to the second risk factor - i.e.