Global GDP growth in the first quarter was stronger than the January and February data had initially ledus to fear, but we do not think that this marks a turnaround in the fortunes of the world economy.Recoveries in several EMs are fragile, and the pick-up in growth in advanced economies was partly dueto favourable one-offs that we think will reverse in subsequent quarters, causing global growth to slow.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.