Sustained divergence: US growing alone

Also Interesting

• Visie op asset allocatie
• Macroeconomic projections for the Italian economy and fixed income implications
• Fed cuts rates

Key points

• • US GDP growth remains strong, at 3.5% annualised in the third quarter after 4.2%, and is likely to continue so in late 2018 and early 2019
•  Crossing the Atlantic, European Monetary Union growth keeps on disappointing, at 0.6% annualised, and business surveys falling further in October, down to a 25-month low for the composite Purchasing Managers Index
• Brexit’s “darkest hour” overshadows the outlook for growth and monetary policy