We believe economic expansion should continue into 2018. But what two known “unknowns” could complicate the outlook?
Was 2017 as good as it gets? Synchronized global growth turned out to be the biggest macroeconomic surprise of 2017, although we believe economic expansion should continue into 2018.
Despite better-than-expected growth, developed market central bankers have yet to vociferously reject secular stagnation; their reticence is likely due to the impending effects of monetary policy normalization and incipient inflation.
We think emerging markets are now in the virtuous part of the cycle, and are better prepared to withstand developed market tightening. Despite this constructive environment, find out what two known “unknowns” could complicate the outlook.
For more insight, watch our video below: