Prior forecast was in January GDP growth could slow to 1.3% if energy supply disruptions continue Emerging market growth seen at 3.6% vs 4.4% last year.
Down from 4.0% in January China GDP seen at 4.2% vs 4.4% in Jan Eurozone growth seen at 0.8% vs 0.9% in Jan US GDP seen at 2.2% vs 2.2% in Jan Cuts Middle East growth forecast to 1.6% from 4.3% If anything, this underscores how resilient growth can be despite and energy shock
It took the market some time to figure that out but it’s certainly in the stock market now. am Button