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(Bloomberg) -- Turkey’s $1.1 trillion economy probably eked out growth again, avoiding a contraction during a two-quarter stretch when the central bank delivered the bulk of its massive interest-rate hikes.Most Read from BloombergHow Much Wealth You Need to Join the Richest 1% Around the WorldApple to Wind Down Electric Car Effort After Decadelong OdysseyThis Is Where New Migrants Are Going When They Reach the USSupreme Court Immunity Case Jeopardizes Trump Trial Pre-ElectionFlawed Valuations Th

(Bloomberg) -- The coming 12 months are shaping up as the year of the interest-rate cut.Most Read from BloombergMusk’s Drug Use Concerns Tesla, SpaceX Leaders, WSJ SaysBoeing Max Grounding Goes Global as Carriers Follow FAA OrderBoeing 737 Max Blowout Points to Pervasive FlawsAckman Plans to Check MIT’s Kornbluth, Staff for PlagiarismAfter racing ahead with the most aggressive tightening campaign in decades during 2022 and 2023, central banks around the world are poised to begin easing monetary

A global shift towards interest rate cuts is underway, marking a stark contrast to the aggressive tightening seen in the previous years.

That’s the outlook foreseen by Bloomberg Economics, whose aggregate gauge of world interest rates is seen beginning a swift descent in the first quarter. In advanced economies, that shift will take only slightly longer to transpire before they too synchronize downwards.

(Bloomberg) -- Stubborn inflation keeping US and European officials in tightening mode is likely to further decouple global monetary policy in coming months as the rest of the world forges its own path.Most Read from BloombergXi’s Metal Curbs Risk Backfiring as G-7 Seeks China AlternativeLazard Fires Senior Banker for Inappropriate Behavior at PartyChina Restricts Export of Chipmaking Metals in Clash With USRussian General Still Missing as Defense Chief Slams MutinyOdey’s Hedge Fund Empire Is Di