Global economy's growing resilience at odds with rate cut expectations: Reuters poll

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Global economy's growing resilience at odds with rate cut expectations: Reuters poll - Channel News Asia

Quick Summary:

BENGALURU: Optimism about global growth prospects this year and next is building among hundreds of economists polled by Reuters, with risks still tilted toward higher inflation even as they cling on to their forecasts for interest rate cuts.

Growth rates for 24 of the 48 top economies surveyed were upgraded from three months ago, with 13 of those from developed economies, where there had been concerns about flagging demand, and the remaining 11 in emerging ones.

But the threat of higher core goods inflation could reduce the offset to sticky services inflation and slow rate cuts".