Economic Update November 2017
Summary
We entered 2017 full of trepidation. Geopolitical risks were taking precedence over economic ones, and a dreaded “Black Swan” event was seemingly a very real prospect. As it turned out, these concerns were in part misplaced or at
least over-stated. Elections in Europe did not follow the populist script of Brexit and the US election; the new US administration has not made any significant missteps on policy; rising protectionism did not bring global trade crashing down; China’s
corporate debt problem did not cause a banking crisis and Brexit has not pushed the UK economy into recession...
Global: IMF Real GDP forecasts. Latest IMF forecasts have 2017 & 2018 to be better but not great. Source: IFM Investors, IMF WEO
About the author
Chief Economist
Alex Joiner, PhD
Joined in 2016
Alex Joiner is Chief Economist at IFM Investors. He is responsible for the firm’s economic, financial market and geopolitical risk analysis that is key in IFM’s investment process. In this capacity he engages with IFM’s domestic and global clients on macro-investment trends and themes. He is a frequent commentator on economic and markets via traditional and social media and regularly speaks at public forums and conferences. He has over two decades of professional experience in economic and markets and prior to joining IFM was the Chief Economist at Bank of America Merrill Lynch (Australian & New Zealand) after being a senior economist at ANZ Bank. He holds a First Class honours degree in Economics and a PhD in Econometrics from Monash University. Alex is also committee member of the Australian Business Economists.