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Chinese takeaway
Somewhat higher inflation projections, at a time of downgraded growth forecasts, paint a sombre picture for European prospects in the months ahead.
Has the picture been subject to manipulation?
Biden’s popularity continues to lag and one wonders whether there could be pressure to ensure that the dots don’t turn more hawkish.
Risk of a hangover from the 2023 year-end party bonanza
2024 looks set to be significant in terms of politics and elections globally, and we think the US economy will slow into the second half of the year.
November binge may make for a leaner December
With the advent countdown underway, we feel there is plenty to ponder in the next couple of weeks and that economic data will be closely scrutinised.
It’s spring, but there’s more talk of hate than love currently filling the air
Q1 strength in risk assets was led by robust economic activity data and earnings, and our position approaching the start of a monetary easing cycle.
Little to prompt early policy changes
We retain a cautious view from a macro perspective, on the basis that markets seems to be relatively complacent in fully discounting a soft landing.
MacroMemo | 27 June 2023
Regular macroeconomic update from Eric Lascelles, Chief Economist, RBC Global Asset Management.