The global economy is growing strongly and steadily, led by the US, which despite some weaker data r...
The global economy is growing strongly and steadily, led by the US, which despite some weaker data recently, continues to grow above trend. In the major economies, inflation is under control and interest rates are unlikely to rise to the levels of previous recessions. Overall, global economic conditions suggest that the investment environment is benign. In contrast to the stable economic outlook, stock markets have been extremely volatile in the first half of the year, driven by the theme of the internet explosion. Despite the risks of equity investment, we believe that, over the longer...
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