In this second webcast in our Global Macro Views series, economists from our Macro Research & Investment Strategy team give their views on topics including the outlook for a resilient US economy and the effects of November’s election on interest rate policy. They discuss the signs of an economic pick-up in the eurozone economy and the chances of growth in China hitting Beijing’s 5% target.
Elsewhere, already less restrictive interest rates and a tight labour market might encourage Australia’s central bank to hold off on easing monetary policy, while in the UK, a snap election could well end up tightening fiscal policy, affecting the outlook for the Bank of England.
In emerging markets, surprising vigour amid high interest rates has been a central theme, but global trade ‘storms’ in the form of tariffs, especially as the US election approaches, might cause trade dynamics to shift. The impact would be broad, covering everything from manufacturing to the commodities business.
Watch the Global Macro Views webcast, recorded on 23 May
