Viewpoint

In the face of higher interest rates in the US and UK, elevated oil prices and stubbornly flat activ...

In the face of higher interest rates in the US and UK, elevated oil prices and stubbornly flat activity in the eurozone, growth expectations for the world's major economies have been revised down. Outside the US at least, calls are now growing for a reduction in interest rates. But what does this mean for global investment markets? What is confusing some observers is the contradictory nature of current newsflow. Some recent data has been consistent with weakening growth, while other figures have suggested resilience and strength. This is understandable, because what we are experiencing is ...