Global economy defied expectations, but there are still some lingering concerns, economist says

Citi Chief Global Economist Nathan Sheets joins Yahoo Finance Live to discuss ongoing concerns about a global economic slowdown.
Sheets says throughout 2023 central banks were "vigorous" with rate hikes, which he notes "slowed the global economy" but not as sharply as investors anticipated. He cautions headwinds persist from tighter policy, and is keeping watch on how banks restricting credit to households and firms unfolds. Sheets also highlights the "so-called tightening of financial conditions" resulting from hikes. However, he observes markets have remained resilient so far.
Although Sheets believes central banks will likely be "reducing the amount of policy restraint" in 2024, he says this depends on seeing the pace of inflation continuing to dissipate. Overall, he notes aggressive tightening has moderated growth but financial stability risks remain.
About Yahoo Finance:

Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.

- Get the latest news and data at finance.yahoo.com

- Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)

- Follow Yahoo Finance on social:

X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance

Видео Global economy defied expectations, but there are still some lingering concerns, economist says канала Yahoo Finance