Macro Insights Weekly - Global growth looks good for 2Q24

Growth resilience in the face of high interest rates and geopolitical uncertainty has been a feature of the global economy during the past couple of years. We see the trend last through 2Q24.
US growth in 1Q was below expectations; but consumption and investment would stay strong in 2Q.
China has seen growth momentum ease, but 2Q growth is on track to be 5%+.
India has strong domestic sentiments, tempered by inflation/rates/INR worries.
Indonesia is facing headwinds, but despite modestly tighter policy, growth to be around 5%.
Singapore looks to be on track for 2.5-3.0% growth year, supported by exports and tourism.