Core Viewpoint - The Federal Reserve official Milan indicates that the current downside risks have increased compared to a week ago [1] Group 1 - The assessment of economic conditions has shifted, highlighting greater concerns about potential downturns [1]

Group 1 - The core viewpoint emphasizes that the G7 needs to prepare for potential downside risks in the global economy [1]

Core Viewpoint - The Chief Economist of the European Central Bank, Philip Lane, indicated that if there is a substantial change in observed downside risks, monetary policy measures may need to be implemented [1] Group 1 - The European Central Bank is closely monitoring economic conditions for any significant changes in downside risks [1] - Potential adjustments to monetary policy are being considered in response to evolving economic indicators [1]

Core Viewpoint - The escalation of conflict between Israel and Iran has significantly increased downside risks, potentially putting pressure on the sovereignty of Gulf Cooperation Council (GCC) member states, including the UAE [1] Group 1 - The conflict's intensification is highlighted as a major concern for regional stability [1] - The potential impact on the sovereignty of GCC countries, particularly the UAE, is emphasized [1]

Core Insights - The Bank of Japan (BOJ) is considering the timing of its next interest rate hike with particular caution due to rapidly increasing downside risks stemming from U.S. policies [1] Group 1 - A BOJ committee member emphasized the need for careful consideration regarding the timing of the next interest rate increase [1] - The committee member highlighted that the risks associated with U.S. policy changes have escalated quickly [1]