Weekly Strategic Insight - 10th July 2017

Candriam
 
10/07/2017
We note that there is no weakening of growth in the world economy at the start of the second half.

We note that there is no weakening of growth in the world economy at the start of the second half. In the Euro zone, most recent indicators (PMI, Consumer confidence, Retail Sales, Industrial Production) confirm that activity is broadening among economic agents throughout the region. Speakers of the European Central Bank, including its President, are starting to acknowledge the “growth shock” underway – strong and self-sustaining growth could ultimately no longer be dependent on sizeable monetary stimulus.

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