2017 was a good economic year. “The world’s largest economy, the U.S., seemingly got back its mojo, while export powerhouses such as the Eurozone and Japan are on track to register above-potential growth courtesy of buoyant global trade. Emerging economies too likely grew faster than the prior year thanks to trade but also to stimulative policies. Slightly higher inflation could have some central banks tighten policy somewhat in 2018, although that’s unlikely to be enough to prevent a repeat of this year’s solid growth performance.” Our partners at National Bank Financial Economics offer a balanced view of 2017 and a positive but guarded perspective for 2018.
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