2354 GMT - Mining giant Rio Tinto reckons the global economy is showing resilience, with inflation moderating and growth stabilizing. Still, risks of geopolitical tensions and persistent labor shortages remain, it says in a 4Q 2024 report. "The Chinese economy provided mixed signals during the quarter," the miner says. Headwinds from the property market crisis continue, although home sales data has shown signs of stabilizing, it says. "The U.S. economy has outperformed other developed economies and its outlook remains stable," Rio Tinto says. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
January 15, 2025 18:54 ET (23:54 GMT)
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