Investment Outlook – July 2024
INTRODUCTION Investor risk appetite should remain strong as central banks ease policy in response to lower inflation. Broadly speaking,...
While we expect global growth to slow in the fourth quarter as many countries try to contain another wave of COVID-19, we have upgraded our 2020 GDP growth forecasts for the US and China. In the US, manufacturing, housing, autos and spending on consumer goods have strongly rebounded. In China, credit impulse (a measure of new credit issuance as a percentage of GDP) has reaccelerated and external demand has partially recovered. Read on for a visual snapshot of our GDP growth expectations around the globe.
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