October 12, 2017

The Forward View – Global: October 2017

Global growth rising toward trend pace as advanced economies lift.


  • Global economic upturn still under way but there are a few signs that the pace of expansion is no longer accelerating.
  • 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.
  • As ever, there still are uncertainties – North Korea, Spanish politics, US economic policy, Italian elections etc.

For further details, please see the attached document.