Weekly Macro & Markets View
What were the key global economic data releases, what is Zurich’s view and what does this mean for financial assets?
Weekly Macro and Markets View, Week 20
Highlights and View
- Central banks in Latin America
continue the cycle of rate cuts with
signs of moderation
As inflation trends downward, the central banks of Brazil and Mexico make differing monetary policy decisions. - The UK economy grows 0.6% QoQ
in the first quarter, the fastest rate
since Q4 2021
A strong pickup in investment helped by a recovery in consumer spending lifted growth in Q1. - Credit lags stocks while US lending
standards imply default rates could
remain sticky
The move towards easing lending standards stalled last quarter, largely driven by small banks. If this continues, it will imply that default rates are likely to remain elevated for some time.
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