GIM - Chart Of The Moment: Global Inflation As A Tailwind In 2019
This chart is one of the reasons why we remain constructive regarding the prospects for stable global growth in 2019. The world doesn't have an inflation problem, so central banks can quickly inject monetary stimulus if conditions warrant it. In particular, emerging market central banks should be able to focus more on their inflation mandates - or the lack thereof - now that there are signs of stability in their currency markets. Barring outliers like Turkey - and on the other side of the spectrum - India and Japan, inflation rates look to be within