Publication delayed due to illness.
In the February Outlook, we noted that the world economy would likely be heading into a ‘bounce’, especially if the resurfacing of banking issues could be averted. This now looks to, somewhat, be the case.
The U.S. and China have been running debt-stimulus on full-blast since the fall, which is becoming more and more visible in economic momentum. However, the stimulus lies on an utterly unsustainable foundation in both countries. We are thus likely to enter a short uptick in economic indices across the globe.
GDP Forecasts
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