Economists from J.P. Morgan Global Research offer their analysis on the economic data, macro trends and monetary and fiscal policy impacting the world today.
Episodes
Friday Jul 01, 2022
Friday Jul 01, 2022
After a weak first-half, unrelenting adverse shocks look set to reduce global GDP growth in the second half to remain below trend. The data flow this week—from disappointing news on the US consumer to a grim PMI report on global industry—underscore that momentum loss at midyear. With the bar on growth lowered, the next rung for downside risks to flag is a global recession. Short of this materializing, the Fed is likely to stay the course until reaching 3% on rates before turning somewhat more growth-sensitive.
Speakers:
Bruce Kasman
Joseph Lupton
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