Inflation to remain below targets

It must be highlighted that observing inflection points is not to expect rapidly emerging inflation pressures, Barclays forecasts inflation to remain below official targets in Japan, Europe and the US throughout 2016, with the US moving close to target by 2016. 

Continued PPI deflation in China and in the euro area suggest persistent overcapacities, which should limit global price pressures in tradable goods. 

Moreover, labour markets remain affected by the shockwaves caused by the great recession, and wage growth, while improving, remains low by historical standards.