Growth in 2017 should find a fresh boost, supported by the confidence of companies, the uptrend in inflation in developed economies ad well as in China, thus testifying a distancing of deflation risk. Nevertheless, two threats remain: on the one side, the uncertainty of the political climate in Europe, on the other, eventual protectionist measures coming from the US. Growth is good news for companies, but they will be restricted by high and rising debt.

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Recovery in global growth: more than a flash in the pan?

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