19-Apr-2024

A postcard from Washington, D.C.

Despite better IMF forecasts, there is little cause for optimism. Things are still not really running smoothly.

Even though the International Monetary Fund was somewhat more optimistic about the global economy at its Spring Meetings in Washington, things are still not really running smoothly.

"We are observing an unbroken long-term downward trend in global economic momentum", writes LBBW Chief Economist Moritz Kraemer from Washington and identifies three structural factors that are responsible for this.

In the current issue of Kraemer's To the point "A postcard from Washington, D.C.", you can read where he sees storms brewing and what implications a second presidency of Donald Trump would have on global economic prospects.