Summary
- 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 |
24 Apr German IFO Index |
26 Apr US Core PCE Inflation |