The Evelyn Partners Investment Podcast: Why is global economic growth so resilient?

Find out why global economic growth has been so resilient while inflation has been falling and how large caps have been a key driver for company earnings.

The podcast is also available on all major podcast platforms including Apple Podcasts, Spotify and Google Podcasts. Just search for “The Evelyn Partners Investment Podcast” or use the buttons below.

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Global economic growth has been far more resilient and inflation has been slowing. This is all due to firms going on a hiring binge – so the demand for available workers is still higher than the supply of workers. This all creates a healthy jobs market, which has supported the US economy and has increased the chances that America will avoid a recession.

This, however, leaves central banks with the pressure of balancing growth with inflation. A key risk for financial markets is that solid growth could rekindle inflation. In this instance, central bankers will need to reconsider their intentions to cut interest rates.

AI stocks were a major theme in 2023, but while a few of the so called Magnificent Seven continue to do well, some – like Tesla – are experiencing a hit on their profit margins due to competition from China.