Global economic momentum, which began picking up in H2 of 2016, has solidified through the year. While six months ago the optimism was one of caution, it is now possible to paint a positive picture of the world economy over the forecast period. However, now is not a time for complacency. Particularly the normalisation of US monetary policy, badly needed to address a future downturn, is a balancing act.

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Economic Outlook – No time for complacency

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