汇丰银行-全球经济二季度展望-2017.3.25-110页.pdfVIP

ECONOMICS GLOBAL Q2 2017 By: Janet Henry and James Pomeroy Global Economics Drivers and riders Amid the most synchronised global upturn for years… …China and the US are once again the drivers of growth… …while the world’s surplus economies ride on their coat-tails Play video with Janet Henry Disclaimer Disclosures: This report must be read with the disclosures and the analyst certifications in the Disclosure appendix, and with the Disclaimer, which forms part of it 每日免费获取报告 1、每日微信群内分享5+最新重磅报告； 2、每日分享当日华尔街日报、金融时报； 3 、每周分享经济学人 4 、每月汇总500+份当月重磅报告 （增值服务） 扫一扫二维码 或加微信：qidian-j加入“起点财经”1- 040微信群，已有微信群的不用重复添加 备注：研究报告 ECONOMICS ● GLOBAL  Q2 2017 Executive Summary More normal Two US rate rises in three months. The last time that the Fed saw the need to take such action was more than a decade ago in the first half of 2006. Little wonder then that talk of a return to “normality” is rife. Global growth is picking up and inflation has risen. Inevitably there is a sense that things are finally returning to a “more normal” environment whereby the extraordinary world of near-zero rates and frequent doses of quantitative easing may no longer be required to sustain even a mediocre expansion. A halt to ECB QE next year actually seems plausible. The global c