Overview:

• Global upturn continues, with growth next year set to just beat its long-term trend.
• Inflation remains subdued and financial markets calm, little need for aggressive central bank moves on policy.
• Market volatility and economic policy uncertainty both fade as probability of severe “tail risk” events marked lower.
• Big Pacific rim metro areas display similar housing affordability problems as their list of $ million plus suburbs grows

For further details, please see the attached document.

• The Forward View – Global: November 2017