More importantly on the currency side, a healthier global outlook tends to spell bad news for the US dollar. What does that mean for global markets? First, stronger growth prospects are likely to be supportive of riskier assets. 2 Finally, global composite PMI numbers remain in expansion territory, even though manufacturing seems to be going through rough times. Based on their latest release of leading indicators, it now appears that the global economy may have bottomed out. Continuing our tour of international organizations, the Paris-based Organisation for Economic Cooperation and Development (OECD) seems to agree. 1 While emerging markets are set to be the main engine behind global growth, it’s an improvement in the outlook for developed market economies that prompted the IMF to publish more bullish numbers. The IMF projects that the global economy will grow by 3% this year, a 0.2% uptick from their previous forecast. I know that institution well, and they don’t usually do this lightly. For a start, the International Monetary Fund has upgraded its global growth projections. There is less concern about the global growth outlook these days as a few notable signals point to improving global prospects. Fixed income return momentum high, especially EM debtĮverything’s gonna be alright, unless we are talking about the dollar.Data sending diverging signals for US economy.Global growth outlook improving, may spell bad news for US dollar.
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