The report provides a graphical representation of the latest economic conditions and near-term outlooks for the United States, Europe and Asia Pacific. The global economy continues its slow but persistent march to improved health despite political and policy uncertainty. Some key highlights include:
- The U.S. economy rebounded from recent hurricanes, sending the jobless rate down to a 17-year low in October and driving up the pace of hiring;
- The outlook for European GDP growth has been consistently revised higher throughout 2017;
- Economic activity in Asia-Pacific continues to experience a broad based exports recovery underpinned by improving import demand from China, the U.S. and Europe.
Source : Deutsche Asset Management