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USMC - Global Economic Outlook: Growth Prospects Brighten In?Ation Outlook More Cloudy
Principal U.S. Mega-Cap Multi-Factor Index ETF
2024-02-17 02:10:00 ET
Summary
Our annual global real GDP forecast for 2024 has been revised up from 2.3% to 2.5%.
Global PMI data continues to point to a gradual improvement in economic conditions.
Core in?ation rates have continued to fall but the outlook is more uncertain owing to shipping disruptions.
Our annual global real GDP forecast for 2024 has been revised up from 2.3% to 2.5%. This primarily re?ects a significant upward revision to our US forecast, related to unexpectedly strong growth in the ?nal quarter of 2023....