Cross Asset Investment Strategy - May 2024

Topic of the Month: IMF spring meeting take-aways: short-term resilience, but no reacceleration in the mid term

Cross Asset Investment Strategy - May 2024

Key Takeaways

  • The IMF outlook highlights the remarkable resilience in growth and declining inflation in most countries. However, the medium-term outlook remains subdued when compared to the pre-pandemic growth average.
  • Although inflation is softening, its reduction remains a priority and central banks need to calibrate monetary policy at a country level.
  • The tremendous optimism in financial markets based on the soft-landing narrative presents challenges: inflation persistence, compressed volatility and high correlation across assets with elevated fundamental uncertainty.


You can now read the full whitepaper at the link below