Global growth edged up in Q1, and is set to recover further

We estimate that global growth nudged up from 2.0% annualised in Q4 last year to 2.5% in Q1, largely due to a recovery in China. While there was a sharp decline in US GDP growth, its economy should regain momentum in the coming months. Along with the policy-driven rebound which is now underway in China, this should lead to a further pick-up in global growth in the coming months.

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