Macro Briefing: 18 April 2022

* US recession odds at 35% for next 2 years, Goldman Sachs predicts
* China’s first quarter GDP grew faster than expected
* China’s PMI survey data points to ongoing economic slowdown in April
* Fallout from China’s zero-Covid policy is overlooked risk for global economy
* Ukraine war creates headwinds for emerging-market governments to pay debts
* NFT bubble is beginning to burst, predicts ‘Black Swan’ author
* US consumer sentiment index posts surprising rebound in early April: