A relatively stable global growth outlook belies an underlying divergence in prospects, especially among the key developed economies. Following a period of synchronised upward momentum through 2017, mid-way through 2018 it is only the United States with continued momentum. Rising trade tensions are the biggest downside risk to the growth outlook.
Read more on our outlook for the New Zealand and global economies, and across asset classes, in the July edition of Quarterly Strategic Outlook.
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