Tuesday, January 21, 2020

21/1/20: Inflation and Growth: BRIC 2020

Via Danske Bank Research, an interesting chart showing 6-12 months forward expectations for inflation (CPI) and economic growth (GDP) for a number of countries, most notably, the BRIC economies:

Clearly suggests continued growth suppression in Russia and, at last, moderating inflationary pressures, returning the economy back toward a longer-term trend of ~2% growth and sub-3% inflation. Also shows continued problems is Brazil persisting into 2020 and only a moderate uptick in economic activity in India, where Modi 'reforms' have been largely washed out into slower growth over the recent quarters.

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