Prior forecast was in JanuaryGDP growth could slow to 1.3% if energy supply disruptions continueEmerging market growth seen at 3.6% vs 4.4% last year. Down from 4.0% in JanuaryChina GDP seen at 4.2% vs 4.4% in JanEurozone growth seen at 0.8% vs 0.9% in JanUS GDP seen at 2.2% vs 2.2% in JanCuts Middle East growth forecast to 1.6% from 4.3%
If anything, this underscores how resilient growth can be despite and energy shock. It took the market some time to figure that out but it’s certainly in the stock market now.
This article was written by Adam Button at investinglive.com.