Bundles

8 February 2024

ING Monthly: Reasons to be cheerful, Part 3

The weather may be grim, much of the international news is grimmer still. But whisper it! We are daring to believe that there's some economic optimism, finally, in the air

In this bundle

Reasons to be cheerful, Part 3

The US economy is defying normal economic logic

Rates

Our main calls for the global economy

The latest details from our team on what could be on the cards for various economic outlooks and developments in markets across the globe

Transport & Logistics

Red Sea crisis shouldn't spur inflation but the spillover to tankers is risky

The Red Sea shipping crisis is rattling supply chains and leading to delays and higher costs. It shouldn't derail global trade but there are risks

, and 2 others

Our view on central banks

Our view on what could be next for major central banks across the globe

, and 2 others

United States

US recession risks recede, but growth fears linger

The US economy has so far shrugged off high borrowing costs and tight credit conditions, but challenges remain. Inflation is looking more benign and Fed rate…

China

Soft start to China's new year raises hopes for policy support

China did reach its full-year growth targets

Asia-Pacific is not just China

We see some glimmers of hope in the Asia-Pacific story

The eurozone economy is bottoming out

A weak recovery with stubborn services inflation forces the ECB to tread cautiously

Pain from ECB hikes is set to shift south

Rapidly declining borrowing rates in Southern Europe are concerning

and

United Kingdom

UK economic outlook brightens on anticipated rate cuts

We should expect modest growth in the UK this year

Inflation nears target in CEE region but central banks remain unsatisfied

Czech Republic

Poland

Romania

Inflation nears target in CEE region but central banks remain unsatisfied

Inflation in the CEE region has made great strides, but is it really enough for central banks? We're not convinced

, and 2 others

FX markets remain in a holding pattern

The dollar's high yield is keeping it attractive, and we only expect a broad, bearish trend to emerge through the second quarter of the year

Rates

Rates: Tactical upside to yields

The brief banking panic is behind us, and in front of us is a Fed in a holding pattern. We think there's room for market rates to edge higher

Report

ING's February Monthly: Reasons to be cheerful, Part 3

Why we're daring to believe that there's some economic optimism, finally, in the air