Global Economy Stronger Than Expected Growth

Stronger-than-expected global growth challenges the prevailing slowdown narrative that dominated recent quarters. Resilient consumption, tight labor markets, and stabilizing supply chains have supported output across key economies. For markets, this reduces recession risk but complicates monetary policy, as central banks must balance growth against inflation control. The broader implication is a transition toward a “higher-for-longer” rate environment, where economic strength delays policy easing and reshapes valuations across equities, bonds, and real assets.