The Evelyn Partners Investment Podcast: Why is global economic growth so resilient?
Find out why global economic growth has been so resilient while inflation has been falling and how large caps have been a key driver for company earnings.
Published on 11 Mar 20242 minute read
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Episode overview
Global economic growth has been far more resilient and inflation has been slowing. This is all due to firms going on a hiring binge – so the demand for available workers is still higher than the supply of workers. This all creates a healthy jobs market, which has supported the US economy and has increased the chances that America will avoid a recession.
This, however, leaves central banks with the pressure of balancing growth with inflation. A key risk for financial markets is that solid growth could rekindle inflation. In this instance, central bankers will need to reconsider their intentions to cut interest rates.
AI stocks were a major theme in 2023, but while a few of the so called Magnificent Seven continue to do well, some – like Tesla – are experiencing a hit on their profit margins due to competition from China.
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