Barclays_Global_Macro_Thoughts_The_US_and_then_the_rest

GlobalMacroThoughtsFOCUSTheUS,andthentherestResearch18March2024AjayRajadhyaksha+12124127669ajay.rajadhyaksha@barclays.comBCI,USCharleyChau+44(0)2077734954charley.chau@barclays.comBarclays,UKKaanhariSingh+85229032651kaanhari.singh@barclays.comBarclaysBank,HongKongWherenotedinthesourcenotes,theviewsexpressedwithinthisreportaretakenfrompreviouslypublishedresearch.Forfurtherdetail,includingimportantdisclosuresandanalystcertifications,pleasefollowthelinksoneachpageandonpage8.ThisdocumentisintendedforinstitutionalinvestorsandisnotsubjecttoalloftheindependenceanddisclosurestandardsapplicabletodebtresearchreportspreparedforretailinvestorsunderU.S.FINRARule2242.Barclaystradesthesecuritiescoveredinthisreportforitsownaccountandonadiscretionarybasisonbehalfofcertainclients.Suchtradinginterestsmaybecontrarytotherecommendationsofferedinthisreport.PLEASESEEANALYSTCERTIFICATIONSANDIMPORTANTDISCLOSURESBEGINNINGONPAGE9.Completed:18-Mar-24,11:58GMTReleased:18-Mar-24,12:03GMTRestricted-ExternalRestricted-ExternalTheworldataglance•Forseveralquarters,theUShascomfortablyoutperformedotherlargeeconomies•Weexpectthistocontinuein2024;Indiashouldbeanothergrowthbrightspot•GrowthintheeuroareaandChinaislikelytodisappointonceagain•Despitebumpsintheroad,inflationshouldfurtherdecelerateacrosstheWest•Werecommendglobalequitiesoverglobalfix...