Global Asset Allocation Viewpoints: March insights

Global growth is proving resilient in the face of tighter monetary policies. However, central bank tightening is still expected to weigh on the economic growth and earnings outlook in the back half of the year. Despite declining goods inflation, services inflation remains sticky on the back of higher wages, keeping the US Federal Reserve and other central banks hawkish. While uncertainty remains, optimism surrounding China’s reopening and resilient growth in Europe, supported by declining energy costs, could help buoy the global economy.