World growth finds a level, attracting investors

Popular view: A BofA branch in New York’s Times Square. A quarter of its survey respondents now favour no landing over the next 12 months at least – up from last month’s 19% and almost four times the share who expected it at the end of last year. — AFP

FOR all its ailments and splits, the world economy at large appears to have found a post-pandemic growth plateau – perhaps arguing against hyper-active monetary policy from here, but pulling investors into the mix nonetheless.

Two years of endless “recession or soft landing?” debates are morphing into a “no landing” global scenario – one that would have scared the horses only a year ago given its potential interest rate implications but which investors are now starting to embrace.