(Reuters) -World progress will doubtless gradual this yr and main central banks throughout the globe have indicated rate of interest cuts this yr.
Following are forecasts from some main banks on financial progress, inflation, and the way they anticipate sure asset courses to carry out:
Actual GDP progress forecasts for 2024
GLOBAL U.S. CHINA EURO UK INDIA
AREA
Goldman 2.8% 5.0% 0.7% 0.6% 6.6%
Sachs
3.1%
Morgan 2.8% 1.9% 4.2% 0.5% -0.1% 6.4%
Stanley
UBS World 2.6% 1.1% 4.4% 0.6% 0.6% 6.2%
Wealth
Administration*
Barclays 2.6% 1.2% 4.4% 0.3% 0.1% 6.2%
J.P.Morgan 2.2% 1.6% 5.2% 0.4% 0.3% 5.7%
BofA World 4.8% 0.3% 5.7%
Analysis 0.4%
2.9% 2.7%
Deutsche 2.4% 0.6% 4.7% 0.2% 0.3% 6.0%
Financial institution
Citigroup 1.9% 1.0% 4.6% -0.2% 0.1% 6.3%
HSBC 4.9% 0.5%
2.6% 2.3% 0.4% 6.3%
UBS World 3.0% 2.2% 4.6% 0.6% – –
Analysis*
—-
U.S. INFLATION
U.S. shopper costs elevated greater than anticipated in March as Individuals continued to pay extra for gasoline and rental housing, main monetary markets to anticipate that the Federal Reserve would delay reducing rates of interest till September.
U.S. inflation (annual Y/Y for 2024)
Headline CPI Core PCE
Goldman Sachs 2.50%
2.5%
Morgan Stanley 2.10% 2.70%
Wells Fargo 2.60%
Funding 3.0%
Institute
Barclays 2.70% 2.4%
J.P.Morgan 2.50% 2.50%
BofA World 2.50%
Analysis 3.5%
Deutsche Financial institution 2.10%
Citigroup 2.0% 3.0%
HSBC
3.4%
—–
Forecasts for shares, currencies and bonds:
US 10-year USD/C
goal yield NY
goal
Goldman Sachs 5,200 4.00% 1.12 145 7.05
Morgan Stanley 4,500 1 140 7.5
UBS World 5,000 3.50% 1.12 140 7.00
Wealth
Administration*
Wells Fargo 4.25-4.75% 1.06-1.10
Funding 5,100-5,300
Institute 156-160
Barclays 5,300 4.25% 1.09 145 7.20
J.P.Morgan 4,200 3.75% 1.13 146 7.25
BofA World 5,400 4.25% 1.15 142 6.90
Analysis
Deutsche Financial institution 5,100 4.10% 1.10 135
Citigroup 5,100 4.30% 1.02 135 7.25
HSBC 5,400 3.00% 1.05 7.10
145
Oppenheimer
5,500
UBS World 5,400 3.6% 1.12 140 7.00
Analysis*
* UBS World Analysis and UBS World Wealth Administration are distinct, impartial divisions in UBS Group
