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Q1 resilience won’t mark the end of the global slowdown

Global GDP growth in the first quarter was stronger than the January and February data had initially led us to fear, but we do not think that this marks a turnaround in the fortunes of the world economy. Recoveries in several EMs are fragile, and the pick-up in growth in advanced economies was partly due to favourable one-offs that we think will reverse in subsequent quarters, causing global growth to slow.

Read the publication Q1 resilience won’t mark the end of the global slowdown on the Capital Economics Website.