As China reopens and data surprises, economists are starting to get less gloomy
Publishing timestamp: 2023-01-16 07:45:36
Summary
Economists are upgrading their outlooks for the global economy due to China's reopening and positive data surprises. Barclays raised its global growth forecast to 2.2% in 2023, Berenberg upgraded its euro zone forecast, and TS Lombard lifted its euro area growth forecast from -0.6% to -0.1%. The U.S. is expected to experience a shallow recession, while the ECB and Bank of England are expected to raise interest rates.
Sentiment: POSITIVE
Tickers: BARC-GB,
Keywords: economy, u.s. economy, barclays plc, business news, markets, world economy, central banking,