While still benefitting from a global synchronised growth outlook (likely peaking), financial markets are getting nervous, experiencing the fatigue of a more mature phase with new sources of volatility arising. For the future, it will be key to anticipate how the exit of Central Banks (CB) from unconventional policies will unfold, while talks about protectionist policies start to intensity and we enter a phase of “slowing economic acceleration”, with growth above potential in most Developed Markets (DM), but decelerating in 2019.
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BOROWSKI Didier , Head of Global Views
