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
Bachelor of Economics (Hons) (Latrobe University), PhD (Econometrics) (Monash University).
Alex is IFM Investors’ Chief Economist and has more than a decade of experience in the field. He is responsible for the firm’s economic, financial market and policy analysis and forecasting. Alex is also a member of the firm’s Investment Committee. Prior to joining IFM Investors, Alex was the Australian Chief Economist for Bank of America Merrill Lynch. In this role, Alex was responsible for providing economic insight and forecasts across asset classes and conveying these views to both domestic and global investors. Alex was also previously a Senior Economist at the ANZ Bank.