Overview:

• Global economic backdrop is the best for five years as the upturn continues and recent GDP growth rises above trend.
• Signs of welcome broadening in the expansion to include more investment spending and a lift in key emerging economies.
• Market volatility and economic policy uncertainty both lower as probability of severe “tail risk” events is marked lower.
• Labour markets tightening around big advanced economies but still little sign of a pick-up in wage inflation.

For further details, please see the attached document:

• The Forward View – Global: December 2017 (PDF, 516kb)