Despite forecasts of recession, GDP growth in the US has so far proved resilient and US inflation has beaten forecasts. Conversely, in China the recovery has yet to fire up and consumer price growth is subdued.

Central bank rhetoric is also diverging, as the US Federal Reserve talks of higher rates for longer, while the People’s Bank of China has offered repeated monetary stimulus. We consider the implications for financial markets.

Presented by Niall McDonnell CFA, Senior Investment Manager and Thomas Vogl CFA, FRM, Portfolio Manager. Hosted by Lorna Denny, Investment Specialist.