Sticky Inflation, Mixed Growth - Feb. G3 Leading Indicator Watch
Global Summary: our inflation leading indicators suggest the current mini inflation scare will persist for at least the next 3–6 months, with inflation acting as the primary headwind for asset prices. Still, broader cyclical macro risks remain balanced, even with the near-term risk of upside inflation surprises.
Summary by Region:
- US: steady growth, sticky inflation, resilient labor market and consumer
- China: growth going from bad to less bad, still long China tech
- Eurozone: growth recovery losing momentum while inflation is settling above target
Clients can explore our key views in more depth on the VP Portal:
- Asset Allocation: a summary of views across asset classes and time horizons
- Top Global Macro Ideas: highest conviction on-going and historical trade ideas by asset class
- Chart Collections: our key charts organized by region and asset class
Leading Indicator WatchCyclicalUSChinaEurozoneGrowthInflationLaborConsumerManufacturingEquity Regionnoramapaceu
