• Top 3 data/events
• Chile – We revise up our USD-CLP forecast
• South Africa – SARB seen on hold despite CPI move higher
• Euro area – Flash PMI indices likely to signal Q2 GDP contraction
• Market focus
• Asia’s exports to China have slowe...
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The world economy is in transition. Global growth rates are picking up, but transition means elevated risks and volatility.
In terms of global implications, all eyes will be on the US and China, with the US normalising monetary policy and China rebalancing its economy.
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