Notwithstanding the recent turbulence in equity markets, global economic growth should hold up well and inflation remain low this year. But next year, some of the shine will come off this strong performance as China loses momentum and the US expansion slows, partly due to Fed policy tightening.
This Focus is an adapted version of a presentation given at the Capital Economics Commodities Forecast Forum, “Will the party continue?”, held in London in January 2018.
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