Overview:

• The global economic environment remains the most encouraging it has been for many years, as growth has broadened out across the advanced world, and some key emerging market economies have recovered from deep recessions.
• Financial market volatility has eased since the US equity market correction in late January but there are still a range of geo-political and market events that could emerge to again increase the level of uncertainty.
• The risk of a trade war has intensified as President Trump has imposed tariffs on US steel and aluminium imports.

For further details, please see the attached document:

• The Forward View – Global: March 2018 (PDF, 265kb)