David McNamara: Plenty of green shoots for the global economy
Growth remains subdued in Europe and the risk of a downturn is still possible, given prevailing geo-political risks and a still restrictive monetary policy. File picture: Dan Linehan
A stock-take of the major economies suggest no major step change in economic growth so far in 2024, but growth may be becoming more broad-based, and recent macro data are beating pessimistic expectations across many markets, reflected in rising economic indices.
The latest flash purchasing managers' indexes, of PMIs, for March provide the first full snapshot of private sector activity in the first three months of this year.
