• With 2024 global GDP growth forecast similar to the numbers of 2023, the International Monetary Fund is no longer expecting a slowdown.
  • While less optimistic than the IMF, we have also just increased our global growth forecast to 2.8%.
  • Equities may prolong their rise, conditional on continuing disinflation. Global equity and India in focus.

Actionable Ideas

  • Global equities
    Despite significant regional nuances, improving global growth expectations should translate in generally positive profit growth, supporting global equities in general.
     
  • Emerging Markets and Indian Equities
    From a cyclical standpoint, the growth differential between advanced and emerging economies still favours the latter. Moreover, some emerging economies, such as India continue to offer a very positive long-term growth outlook.

Key Dates

23 Apr

Euro area preliminary
PMII indices

 

24 Apr

German IFO Index

 

26 Apr

US Core PCE Inflation

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