After picking up in January, payroll employment and manufacturing production turned down again in February and March. When the onset of the war became imminent, financial markets rallied, and the price of crude oil dropped back.
1.  International monetary policy trends  As you are aware, in many countries growth considerations dominate policy concerns, both on the fiscal and monetary policy fronts. According to the IMF’s latest World Economic Outlook (WEO) Update released last month, the global recovery is expected to continue but at an uneven pace and with the outlook being characterised by downside risks.