Economic and Strategy Viewpoint
In our latest forecast update, we have revised down our expectations for global growth for the first time since September 2016.
We still see scope for further interest rate rises from the Fed this year, following yesterday’s 25 basis point hike at the March meeting of the FOMC.
We’ve upgraded our predictions for how the major economies around the world will perform in the next two years. Here, we briefly explain why and summarise our predictions.
Core inflation looks likely to accelerate further, putting pressure on the Federal Reserve to keep tightening policy.
In the monthly round-up of our asset allocation views, we discuss the three factors which will determine whether the reflationary environment continues.