Q1 2017 Global Economic Overview
Political events continued to exert a dominant influence over the markets during the quarter. Market advances in general, after the previous quarter’s Trump bump, began to show some signs of slowing. U.S. President Donald Trump’s ability to proceed with his pro-growth initiatives was brought into question with his lack of success in repealing the Affordable Care Act (also known as Obamacare) and continuing political subterfuge accusations. His cabinet shuffles combined with flip flops on foreign and trade policies added to market uncertainty and volatility.
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