With growth strong and synchronised across developed and emerging economies so far this year, says Anthony Rayner, the key questions for investors are to what degree it leads to overheating and what it means for inflation
The economic growth data has been knock-out so far this year, with growth strong and synchronised across developed and emerging economies. This follows a very strong 2017 and, if this economic momentum continues, the key question is to what degree it leads to economies overheating and what it means for inflation. Consumer price inflation currently remains pretty muted across most developed economies. The UK is the exception though, even here, it is nowhere near rampant, and has been driven largely by the pass-through effect of a weaker sterling, the impact of which is starting to fall sh...
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