2018: more risks lie ahead than expected next year

Publié: 28 octobre 2017 dans Informations générales

Philippe Waechter's blog

2018 will not just be the natural extension of 2017, even if growth is still robust and monetary policy are set to remain fairly accommodative in the absence of inflation.

2018 will be different because expectations will change, as the economic situation is changing radically. Optimism reigns across the various institutions, as we have recently seen in the IMF’s half-year data. Business leaders also have a more positive outlook on their environment: in September 2017, French manufacturing sector industry leaders’ confidence on the economic situation hit its highest point since October 2000. Companies are seeing a change in economic pace. Markit surveys on the manufacturing sector are all in positive territory. This assessment of the immediate future will lead to more jobs and more investment, which will underpin growth, as we witness a virtuous situation, which is poised to satisfy all onlookers: the uncertain past is getting further and further…

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