Global | World GDP growth steady at 3.1% YoY amidst increasing uncertainty

Summary

Another month has gone by and yet the global economy is expected to remain trapped at trend-levels (2011-2015) at both Q2 and Q3 (0.78% QoQ and 0.76% QoQ respectively). Whereas these trend dynamics are far from being ominous, recent confidence data (still not exposed by Brexit outcome) prove unable to lift global growth forecasts beyond its trend levels.

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