Monthly Report Card - Global reflation without higher inflation in 2017

8th February 2017
by Gavyn Davies

The financial markets have been driven by the “global reation" theme since mid 2016.

Fulcrum's nowcast models suggest that the world economic activity has accelerated in early 2017, and upgrades are likely to consensus forecasts for real GDP. However, the models also suggest that the rise in headline inflation may soon stabilize. The mix between real output and inflation in the growth of nominal GDP may therefore be changing in a way that should support risk assets in 2017.

Download full paper See all macro commentary

Share this paper


Contact us to enquire about Fulcrum and how we could help with your investment strategy


Register with Fulcrum to access all items in our research library

Twitter Feed