Headline inflation has started to come down, but DM central banks want to see progress on getting core inflation back towards target in the coming years. This is prompting further tightening, but at a slower pace. The picture has been complicated by signs that recessions in the U.S./Europe could be avoided or shallower. What will DM central banks do?
EM countries face differing growth and inflation outlooks, which produces a mixed picture for their economies and policy setting. The EM tightening phase is becoming mature however, as slack labor markets means that the pick-up in core inflation has been less than DM countries.
Equities and fixed income have had a better Q1 after the losses in 2022. What is the outlook for equities, government bonds, commodities and FX for the remainder of 2023?
Continuum Economics' March Outlook will look at these key issues. Across the 23 countries that we cover, inflation forces and central bank policy are projected to differ, and our forecasts will help guide you through this divergence.
What will all this mean for our economic, policy, and financial market forecasts? To hear our latest 2023 and 2024 forecasts, please join our Outlook Webinar on March 30.