Global growth concerns

Growing concern about the economic ramifications from France’s upcoming election have been weighing on risk appetite in European financial markets in recent weeks. But the outlook for the broader world economy has also been arguably taking a turn for the worse. In our charts this week we look at:

·       European financial stress

·       European and global growth surprises

·       Global growth momentum

·       US growth and credit markets

·       Service sector inflation in advanced economies

·       Emerging market portfolio equity flows