Harr's view - Spring is in the air

Today, I reflect on my trip to the IMF/World Bank spring meetings in Washington this week and highlight where our views differ from the Fund's.
We expect global growth to pick up speed in Q2 supported by the rebound in China and rising expectations of a US-China trade deal.
The IMF forecasts that global growth will return to 3.6% in 2020 from 3.3% in 2019, but I do not believe the IMF has high confidence in those forecasts.
I believe that Italy's fiscal challenge and a possible clash with Brussels will return as a market theme in the autumn, when the Italian government has to submit its 2020 budget to the EU.

Danske Research Team Danske Bank A/S

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Danske Research Team

Danske Bank A/S

Research is part of Danske Bank Markets and operate as Danske Bank's research department. The department monitors financial markets and economic trends of relevance to Danske Bank Markets and its clients.

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