So much for the central case - Investment Clock Economic update

"I still expect modest or moderate positive global economic growth across most major economies, rather than sustained strong growth or recessions.

It still makes sense to expect most central banks to get close to neutral over 2025. A more robust than expected US economy, UK fiscal stimulus and Chinese policy action brighten the GDP growth profile near-term but inflation data still isn’t completely reassuring; the medium-term outlook faces challenges, while the election of President Trump raises the risk of a US and global economy that veers sharply away from my central case." - Melanie Baker, Senior Economist.

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The views expressed are those of the author at the date of publication unless otherwise indicated, which are subject to change, and is not investment advice.