Recession? Which Recession? European News today...

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Yet there are also reasons to view the stock market rally as rational. As central banks around the world raised interest rates in record time, many analysts warned of the danger of a recession and falling corporate profits. At the start of 2023, the consensus was that the US economy - the largest in the world - would grow by just 0.7%. In reality it was more than three times as much. The job market remained healthy and a wide range of companies consistently published strong results.

The US economy continues to defy gravity today - growth is also forecast for the first quarter of this year. Despite a slowdown in China, where the lackluster stock market performance is an exception to the global trend, and the meager economic figures in the eurozone, the IMF has also revised its global growth forecasts upwards.