The outlook for the global economy remains ambivalent, driven by a dichotomy in macroeconomic conditions across regions, the article on ‘State of the Economy’ stated. While expectations of a ‘Goldilocks’ soft landing in the US are strengthening, concerns about slowdowns in China and Europe are rife, it said, and added that the impact of aggressive monetary tightening is spreading, with the services sector joining housing, bank lending and industrial production in a loss of momentum.
ETMarkets Smart Talk: Growth vs Value – Sonam Srivastava on navigating the next leg of the market rally
While a soft landing remains a possibility, the market’s performance will depend on how effectively central banks navigate interest rate adjustments and how global economies
September 20, 2024