US is slowing, UK is growing, China is reaping what its sowing


A note on the global outlook from Fitch
  • US 2016 growth forecast lowered to 1.4?% vs 1.8% prior
  • UK data is slightly better than expected
  • BOE is unlikely to follow through on forward guidance to cut rates before year-end
  • China's efforts to stabilise growth in the face of a sharp slowdown in exports and private sector investment look to have gained traction
  • Sees BOJ interest rate at -0.5% by end of 2017
  • Political risks threaten global growth outlook
The overall message from Fitch is that global growth is going to remain lacklustre for a while yet.


via Bloomberg
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