Economies: growth was as surprising in April as it has been since the start of the year – economic data showed that it was another positive month for the global economy, with growth remaining remarkably resilient in the face of higher interest rates.
Past Monthly Notes
March 2023 Monthly Letter
The first quarter of the year is in the books (chart below, YTD). Against an almost uniform bearish consensus, for the first half of the year at least, global growth generally surprised to the upside all quarter. Lower energy and oil prices probably
