Falling global bond and equity prices in the past few days reflect upward revisions to expectations for inflation and US interest rates, rather than any concern that global growth is faltering. In the near term, equity markets may well recover their poise, as the world economy is still in good shape. Moreover, we do not expect any significant fallout from the moves in financial markets for global growth. After all, the world economy has shrugged off several much larger set-backs than the recent fall over the past few years. Nonetheless, most of the multi-year bull market may now be behind us. We expect global equity prices to end the year below their current levels.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services