The German ‘Grand Coalition’ negotiations are looking more problematic.
The leaderships of Merkel’s CDU and Schulz’s SPD appear desperate for a ‘Grand Coalition’ deal. However the reluctance of the SPD’s rank and file and Merkel’s increasingly vocal allies, Bavaria’s CSU, are casting doubt on the outlook for a deal.Read more
For 2018 the economic fundamentals look reasonably solid. The IMF in its October report forecasts global growth for 2018 at 3.7 percent. The report also observes, “…pickups in investment, trade, and industrial production,coupled with strengthening business and consumer confidence…”.
Politically however, 2018 sees a much more fraught outlook. A quick tour of trouble spots illustrates just a few of the obvious and not so obvious risks to market stability.Read more