For once, the summer proved to be particularly quiet. No major events disrupted the path taken by the world economy. While the summers of 2015 and 2016 were marked by the stock market crash in China and then by Brexit, the summer of 2017 was, instead, characterised by historically low volatility on financial markets at the end of July, while numerous stock market indices like the S&P 500 and the MSCI Emerging Markets reached record highs.
Is this situation a source of concern? Does it seem like a potential excess of confidence, and can we fear a possible bursting of a bubble? Could corporate profitability suffer from financial markets turmoil?

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Global growth recovery: a real or a false start?

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