European markets set for slightly lower open as caution abounds to end the year
Global stock markets are rounding off a tumultuous and difficult year, as governments and central banks grappled with sky-high inflation arising from the fallout from Russia's war in Ukraine, and persistent Covid-19 restrictions in China.
The boost offered on Tuesday by China's relaxation of the last of the zero-Covid measures, which it has held in place for almost three years, proved fleeting as caution returned throughout the week. Investors remain wary of the prospect of persistently high inflation, monetary policy tightening from central banks and a potentially prolonged period of sluggish economic growth.
that most major economies would be "lucky" to achieve 1% GDP growth per annum for much of the next decade.
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