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.

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Overview:

  • 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.