Ahead of our next Global Economic and Markets Outlook, Fathom’s economists focused a lot of their research on the relentless rise in prices as economies emerge from the pandemic – we predicted that the risks were skewed towards more inflation rather than less as early as March 2020. Central banks initially argued that it would be transitory but have now retired that term, leaving the outlook for monetary policy more uncertain than it has been for a generation. With investor focus largely on inflation and Ukraine, ongoing weakness in China’s property sector maybe an underestimated risk. Read on for a roundup of some of the economic insights Fathom sent to clients in February.
[Please click below to read the full note.]