Global debt remains historically high at over 235% of world GDP, with government borrowing driving recent increases—especially in China—while corporate debt has stayed relatively stable.

The new 5 year agreement “will deliver sustainable AI infrastructure for all of Europe,” to help meet “the exponentially growing demand for efficient, scalable and sustainable AI compute power.”

Despite the continuous strengthening of the forint, we think the National Bank of Hungary will remain as hawkish as possible at its September meeting.