Though global growth is better than feared, it still set to fall to the slowest pace post-crisis this year. However, there are some tentative signs of stabilization in manufacturing, note DB analysts. David Folkerts-Landau and team point out in their March 16 research note titled “After the storm” that momentum has slowed, both in the U.S. and the Eurozone, while the growth outlook for EMs remains weak overall.
Global growth remains slow, market rally can continue
Tracing the recent market rally, Folkerts-Landau and colleagues point out that risk assets have, in the last month, staged a strong rally, whipping out a large part of the year’s steep losses.
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