If this trend persists, it will provide substantial relief for global inflation management, particularly for large commodity importers, including India. Further, although hardly a desirable way to control inflation, slowing global growth, in addition to reinforcing these favourable commodity price trends, will also help to moderate demand and keep capacity utilization low.
And should we avoid a disorderly UK exit, and the dent to Irish economic growth that comes with it, a continued fast growing economy is only desirable as long as growth is sustainable. Events could result in outcomes well beyond what we expect from our current central forecasts.