The main economic outlook that underpins Lombard Odier’s house view is still that of a soft landing, where there will be a moderate economic slowdown following a period of growth, says Lee Homin, senior macro strategist at the Swiss private bank, for its 2H2024 investment outlook briefing.
In addition to the US exceptionalism in the growth outlook for 2024, Lee highlights that other economies are now joining the crowd. The Eurozone has seen a 1% growth, above consensus expectations, while China has seen “a bit” of stabilisation in numbers.
