Central bank divergence looms as developed economies face macroeconomic variance

Inflation continues to fluctuate

Developed market economies are split across a variety of macroeconomic paths as the apparent certainties facing them this time last year have shifted 12 months on.

However, a year on, the world's developed economies all sit in very different positions. Speaking to Investment Week, Jon Maier, CIO of Global X, said: "In the ever-evolving landscape of global economics, one cannot overlook the divergent paths of inflation in the United States with counterparts across the Atlantic." The US seems to have met its fabled ‘soft landing', with inflation now sitting at a semi-comfortable 3%, while unemployment continues to fall to record lows and growth remains steadily above zero. Bank of America predicts one more hike from Bank of England and ECB ...