Global Growth Is Starting To Pick Up
(2 min read)
A tentative uptick in some cyclical indicators confirms our view that global economic growth will accelerate through the first half of this year. Yet the improved economic momentum comes from a weak starting point, with fourth quarter global GDP growth set to be the slowest in seven years. Japan was a key factor in the Q4 malaise, with the October VAT hike triggering an expected 3% QoQ saar contraction in growth. An inventory drag in the US and soft growth in Europe added to the weakness...
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