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Global economy: shaking off shocks
The global economy is starting to shake off the shocks that have rocked macroeconomic conditions and growth over the past several years. But a return to stability is far from complete or certain. Global growth remains overly reliant on consumer spending and service sectors. Interest rate cuts have been slow to materialise in many developed economies, despite the retreat in inflation. The recovery in industrial production and rotation to investment growth has yet to pick up momentum. Furthermore, risks are numerous, skewed to the downside and could prove disruptive at any time. We explore these themes and more in our ... (full story)