WS #16360
Global economic data presents a mixed picture. The UK economy is outperforming with a flash PMI of 53.1, signaling robust growth. In contrast, emerging markets are struggling with the oil shock; India's central bank raised rates to defend the rupee, and the India-US bond spread widened by 250 basis points. China's GDP growth remains steady at 4.6%, but the global trade environment is becoming increasingly fragmented.
Global Macro Divergence
Global economic data presents a mixed picture. The UK economy is outperforming with a flash PMI of 53.1, signaling robust growth. In contrast, emerging markets are struggling with the oil shock; India's central bank raised rates to defend the rupee, and the India-US bond spread widened by 250 basis points. China's GDP growth remains steady at 4.6%, but the global trade environment is becoming increasingly fragmented.