AFTER TWO YEARS OF VERY MEDIOCRE GROWTH AND VARIOUS SETBACKS OVER THE LAST DECADE, THE GLOBAL ECONOMY STARTED TO SHOW SIGNS OF LIFE AT THE END OF 2016.
So far, it does not appear that things will cool off, with the global aggregate manufacturing purchasing managers’ index reaching six-year highs moving into 2018.
The Eurozone is growing particularly fast, thanks to a still undervalued currency, rising confidence and considerable pent-up demand, while other developed markets like Japan, Canada and the U.S. continue to accelerate.
The UK appears to be weathering the impact of the Brexit vote better than many had feared, thanks to more competitive exports on a weaker currency.
Meanwhile, a rebound in demand for commodities continues to be a positive for Latin America, Canada and Australia, while Chinese contribution has ebbed slightly in recent months as authorities try to restrain financial speculation.
All-in-all, the global economy is growing everywhere but booming nowhere, something that adds a certain stability to future growth.
Redmount Capital Partners, LLC (Redmount) provides financial guidance and makes recommendations based on the specific needs and circumstances of each client. Investing involves risk and clients should carefully consider their own investment objectives and never rely on any single chart, graph or marketing piece to make decisions. The information contained in this blog is intended for information only, is not a recommendation, and should not be considered investment advice. Please contact your financial adviser with questions about your specific needs and circumstances. This blog is a sponsored blog created or supported by Redmount and its employees, organization or group of organizations. This blog does not accept any form of advertising, sponsorship, or paid insertions. Certain authors of our blog posts may be influenced by their background, occupation, religion, political affiliation or experience. It is important to note that the views and opinions expressed on this blog are that of the owner, and not necessarily Redmount. As a Registered Investment Adviser, Redmount does not allow any testimonials on their blog, and any comments deemed as such Redmount will remove.
Redmount does not offer tax or legal advice; therefore all articles should not be taken as such. Please consult legal or tax professionals for specific information regarding your individual situation. All referenced entities in this site are separate and unrelated to Redmount. Any references to any specific commercial product, process, or service, or the use of any trade, firm or corporation name is for the information and convenience of the public, and does not constitute endorsement, recommendation, or favoring by Redmount.