Growth will continue

Nicholas Bohnsack, partner, Strategeas

Dünya Executive - - REPORT -

We continue to see evidence of global economic growth with moderate inflation. Yes, policy is tightening in the United States with the Fed set to hike in June, but this tightening remains gradual. Federal Housing Finance Agency home prices growing at a stable 6.2 percent year on year in March reinforces this conclusion. Since Moody’s attributes its downgrade to widely known, well-discussed informatio­n, it seems unlikely to change financial markets’ assessment­s of Chinese economic risks. We continue to look for progress on U.S. fiscal policy as a future driver of growth with the recent Washington chaos still creating a sense of urgency.

(May 25)

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