Green shoots for the global economy this Spring?
by AIB Treasury Economic Research Unit
- A stock-take of the major economies suggest no major step change in economic growth so far in 2024, but growth may be becoming more broad-based, and recent macro data are beating pessimistic expectations across many markets, reflected in rising economic surprise indices.
- In the Eurozone, macroeconomic data have also improved but still point to relatively weak economic conditions at present.
- In the UK, macroeconomic data have also been outperforming pessimistic forecasts, and this is reflected in improving PMI surveys.
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