- Prior forecast was in January
- GDP growth could slow to 1.3% if energy supply disruptions continue
- Emerging market growth seen at 3.6% vs 4.4% last year. Down from 4.0% in January
- China GDP seen at 4.2% vs 4.4% in Jan
- Eurozone growth seen at 0.8% vs 0.9% in Jan
- US GDP seen at 2.2% vs 2.2% in Jan
- Cuts Middle East growth forecast to 1.6% from 4.3%
If anything, this underscores how resilient growth can be despite and energy shock. It took the market some time to figure that out but it's certainly in the stock market now.
