Q4 2016 Global Economic Overview

The surprise election of Donald Trump as U.S. president overshadowed world economic and market events during the quarter. Markets appeared to be focusing solely on the positive points of the Republican Party’s platform, namely tax cuts, deregulation, and infrastructure spending. Largely ignored were the “new” politics of populism and protectionist trade policies that were gaining traction not just in the U.S. but in several other world jurisdictions.

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