Opening Statement from the December 2017 CCPM Forecaster
Originally published on December 3, 2017
Global Economic Overview
The somewhat positive global growth story continues to fuel the capital markets. Despite consistent improvements in China’s economic growth, the nation faces significant long-term risks the government continues to take measures to curb issuance of bad loans and other reforms intended to reduce risk. Furthermore, we believe the Chinese economy does not have much more room for improvement.
Although we continue to believe the U.S. economy is strong enough to avoid a recession in 2018, the risks have increased due to geopolitical variables and domestic issues pertaining to what we believe to be a crisis in the White House,
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