Mid-Year Macro Markets Outlook: Slow Growth and Sticky Inflation

This podcast episode offers insights into the global macro markets outlook for the next 12 months, focusing on central banks' actions and economic trends. Market anticipation aligns with economists' predictions that central banks will likely reach peak rates mid-year, resulting in slower growth and persistently high inflation. While the US may achieve a soft landing, the euro area faces tighter policies, and the UK economy is strained. Japan projects nominal growth, and global risk scenarios present challenges. Sovereign bond yields are expected to decline, and the US dollar should strengthen. The forecast is prone to uncertainties in monetary policy and its impact on inflation and growth.