Schroders - Economic and Strategy Viewpoint

Schroders annouces that they have trimmed our global growth projections for 2014 and 2015 to 2.6%, which according to them is a sluggish outlook. Such an outlook, Schroders says, means that US unemployment falls further and inflation is likely to pick up in 2015. Schroders is concerned about the weak Eurozone growth and even weaker inflation. Therefor they have downgraded their growth and inflation forecasts, however, Schroders says, markets appear to be buoyant due to new ECB plans. The UK still shows strong growth. Policy and politics (sanctions Russia, elections Brazil, intervention China and reform efforts in India) have driven Schroders' revisions to EM forecasts this time.