Economic and financial risk insights - spring has arrived but the macro summer might be short

Global growth is stabilising, and we have marginally upgraded our forecasts accordingly. The balance of risks remains negative over the medium term. We expect the Fed, the ECB and the BoE to keep rates unchanged this year; China is also facing less urgency of monetary easing. Government bond yields will increase only moderately from current levels.

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Economic Outlook Economic and financial risk insights - spring has arrived but the macro summer might be short

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SEE ALSO FORMER ECONOMIC OUTLOOKS