Our Chief Global Economist Bob Baur has the lowdown on the slowdown in this week's economic outlook. Current data suggest that the economies of China and the United States, the two main engines of world growth, are picking up momentum. This should provide a real boost to nascent rebounds in Europe and Japan.
Meanwhile, last week's news headlines showed the International Monetary Fund downgrading 2019 world growth a bit, adding that risks are to the downside. (The real risk may be to the upside.) Despite Brexit, the U.K. labor market is robust with strong job growth and accelerating wages.
In general, stock and bond markets are sending opposite messages of future growth. We'd stay cautious.
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