Decent growth conditions should continue to drive earnings
Our proprietary world growth indicator is a synthetic measure of current growth across 17 countries. When above the zero line, our Nowcaster is an indication that growth should be above potential. After months of deceleration, our developed market indicator stabilised above the zero level. We now expect world growth should be slightly above its 3.5% potential level. The next earnings season should reveal that sales growth picked up across the second quarter as growth conditions are better now than four months ago. Will we see more of the same in Q3?
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