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Economic news
13.11.2024

Investors have revised forecasts for economic growth and inflation after Trump's victory - survey

The results of a monthly survey from Bank of America, which was attended by 179 fund managers, showed that against the background of Donald Trump's victory in the presidential election, global investors now predict stronger global economic growth than previously thought. Inflation forecasts have also been revised upwards.

BofA said that 22% responded after the U.S. election, while a net 23% of those polled after the result said they expected the global economy to strengthen in the next 12 months. The latest reading was the highest since August 2021.

As for the inflationary situation, a net 10% of post-election respondents (the highest value since July 2021) said they expect higher inflation in the next 12 months. Meanwhile, a net 16% of post-election respondents forecast lower inflation in the next 12 months, compared with a net 44% of those polled in October.

According to official data, in September, the CPI grew by 2.4% year-on-year and by 0.2% m/m. Economists expect that the September CPI report, which will be presented at 13:30 GMT, will indicate that inflation increased by 2.6% per annum and by 0.2% on a monthly basis.

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