The Forward View – Global: September 2017
Global growth lifts in mid-2017, heading back towards trend rate as pace of advanced economy output expansion picks up.
- Inflation remains subdued and financial markets calm, little need for aggressive central bank moves on policy.
- Global economic upturn expected to continue, several “tail risks” to upturn fading but N. Korea the new worry.
- Uncertainty over US economic policy – how far will business taxes be cut? How aggressive will a Trump trade policy be?
For further details, please see the attached document.