WEF survey shows economists evenly split between U.S. recession and growth, which should support gold prices WEFsurvey USrecession gold
- The latest report from the World Economic Forum shows that the global economic outlook has improved since the start of the year. There is no clear consensus on the growth trajectory however, with recession fears still prevalent among divergent views.
Chief economists are also equally split on regional inflation outlooks; however, there are growing concerns that rising consumer prices are becoming embedded in the broader economy. In this environment, economists believe that central banks will struggle to reach their inflation target. On the other end of the spectrum, economists are the most pessimistic about Europe's economy with 75% of those surveyed saying they see weak growth for the eurozone. The economic outlook is split roughly down the middle for the U.S. economy.
Analysts note that this environment of significant economic uncertainty will remain fairly positive for gold even if market volatility does pick up on fluid Fed rate hike expectations.
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