Global activity to be broad-based, ongoing and above-trend - ANZ

Analysts at ANZ suggest that their Global Lead Index (GLI) and Growth Trackers point to ongoing, above-trend, broad-based global activity. Global trade tensions are a downside risk.

Key Quotes

“Inflation’s cyclical foundations are improving and there is growing confidence that inflation is converging to central bank targets. Sharply higher oil prices are likely to contribute to a temporary spike in headline inflation.”

“Balance sheets of major central banks are near peak size and real policy rates remain negative. Central bank guidance indicates gradual normalisation, with the exception of the BoJ.”