A host of big themes are set to take hold in the new year, two of which are the possibility that the US will lead a decline in inflation across major developed markets, which would also lead to a shift in interest rates. That’s the view of Neil Shearing, group chief economist at Capital Economics in London, who also expects economic growth to be weaker in most countries than expected in 2024. Weak growth, low inflation and low interest rates should be a hit, he wrote in a note. Accompanied by a bond market that is rising. On Monday.Read: Bonds “smiling” after historically bad stretch, a promising sign for 2024
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