• Prior forecast was in January
• GDP growth could slow to 1.3% if energy supply disruptions continue
• Emerging market growth seen at 3.6% vs 4.4% last year. Down from 4.0% in January
• China GDP seen at 4.2% vs 4.4% in Jan
• Eurozone growth seen at 0.8% vs 0.9% in Jan
• US GDP seen at 2.2% vs 2.2% in Jan
• Cuts Middle East growth forecast to 1.6% from 4.3%

If anything, this underscores how resilient growth can be despite and energy shock. It took the market some time to figure that out but it’s certainly in the stock market now.

This article was written by Adam Button at investinglive.com.