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The global economy is continuing to recover at an uneven pace, with stronger growth in developed economies offsetting a lacklustre performance in the emerging markets.
The US looks set for a solid rebound in Q2, following the disappointing weather-induced slowdown in Q1. Employment recovered strongly in March, pushing the unemployment rate to 6.3%, its lowest level in five years. Stronger consumer spending and manufacturing activity add further weight to the view that the US economy is now regaining momentum.
Source : Grosvenor