World poised for slowest growth in a decade

Global growth looks set to fall to its weakest pace since the financial crisis as slowdowns in the euro-zone and China continue and the US soon joins the mix. Against that backdrop, fears of a surge in inflationary pressure have now been put to bed. US monetary policy tightening is pretty much over and the ECB seems set to miss the boat altogether in this cycle. Indeed, it won’t be long before policy loosening comes back on the agenda.