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A World of Contrasts

May 13th, 2024

  • Stagflation alarms in the US as household confidence drops sharply but inflation expectations inch up

  • Europe’s building growth story – strengthening consumer spending could pull the economy out of recession

  • China’s growing list of positives: (a) possible government stimulus, (b) potential QE, and (c) a sharp increase in share buybacks

  • Elections in India – An unfavourable outcome?



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