Major Economies Likely to Record Faster Growth, Higher Inflation, Higher Interest Rates
Dow Jones
Yesterday
1150 GMT - Major economies are expected to experience faster growth, mainly driven by the U.S. AI expansion which is spilling into other industries and economies, J. Safra Sarasin Sustainable Asset Management's Raphael Olszyna-Marzys says in a note. High energy prices are also likely to drive up inflation, causing central banks to raise interest rates, he says. J. Safra Sarasin Sustainable Asset Management forecasts the U.S., U.K., and European Central Banks will raise interest rates to 5.0%, 4.25%, and 3.0%, respectively, by 2027.
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