Report
Peter Warburton

There is no safe exit from unconventional monetary policy

The synchronisation of global activity indicators over the past few months is a welcome reprieve after the sequential concerns over Chinese, Japanese and European growth. Policy largesse over an extended period has finally raised the water level and floated nearly all boats. Pleaseingly, after 5 years of stagnation or decline, there has been a noticable acceleration in global nominal GDP as well. The flipside is that central bankers - and policymakers in general - have no place to hide. The excuse cupboard is bare. Short of an approaching meteor storm, there is no plausible justification for deferring the normalisation of policy any longer.

 

Provider
Economic Perspectives
Economic Perspectives

Economic Perspectives is a trusted provider of global macroeconomic and financial research with clients in North America, Asia and the UK.

EP research weaves complex and diverse information into coherent macro narratives, providing clear analysis and original market insights for global investors. Our clients benefit from our long experience in connecting economic developments with the credit and financial market outlook.

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For several years we have maintained that the only credible resolution of the 2008 global credit crisis is a resurgence of global inflation. We take an eclectic approach to the inflation outlook, considering political and socio-economic factors alongside macroeconomic drivers. We provide the multi-dimensional appraisal of the inflation outlook that is critical to formulating a successful investment strategy, at a time when inflation complacency is rife.

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Analysts
Peter Warburton

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