Trump Defends Economic Record in North Carolina as Midterm Election Pressure Mounts 
U.S. Stock Futures Slip After CPI-Fueled Rally as Markets Weigh Economic Uncertainty 
U.S. Dollar Steadies Near October Lows as Rate Cut Expectations Keep Markets on Edge 
BOJ Poised for Historic Rate Hike as Japan Signals Shift Toward Monetary Normalization 
BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited 
Chinese Robotaxi Stocks Rally as Tesla Boosts Autonomous Driving Optimism 
Dollar Holds Firm Ahead of Global Central Bank Decisions as Yen, Sterling and Euro React 
New Zealand Business Confidence Hits 30-Year High as Economic Outlook Improves 
EU Delays Mercosur Free Trade Agreement Signing Amid Ukraine War Funding Talks 
In a monthly economic outlook, Wells Fargo Economics Group said they expect that global economic growth may be starting to awaken from its year-long slumber.
Recent data has shown that GDP growth in the United States in Q4 2016 was more or less in line with consensus forecasts, while growth rates in China, the Eurozone and the United Kingdom were all stronger than expected, albeit modestly.
In addition, collapse in commodity prices may have largely run its course and the uptick could start to support income growth in many commodity-producing economies. Consequently, growth rates in these economies are starting to stabilize. Brazil and Russia are slowly emerging from deep recessions. Hard landing fears in China have eased, however, China will not likely return to double-digit rates of economic growth anytime soon.
"We do not envision making any changes to our GDP growth forecasts for Mexico, Canada and China, nor to our forecast for U.S. export growth, at least not at this time, based on assumed U.S. policy changes. We really need to wait and see what type of trade policy the new administration may adopt." said Wells Fargo in a report.
