Economic activity is surging

J.P. Morgan Asset Management ‘Global Asset Allocation Views’ – Q3 2021

High frequency data suggest that economic activity is surging, aggregate household balance sheets are in good health, and economic output in developed markets is expected to surpass pre-pandemic levels by 3Q21.

Inflation

Base effects, supply-chain disruption and the impact of fiscal stimulus have combined to push inflation higher, notably in the U.S. As we move toward autumn, we expect…