Global Weekly: Focus on growth

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970x404-Global Weekly 07 July 2017

Currently, central banks are focusing more on growth than on inflation. Markets are gearing up to this new view, but are also keeping an eye on low inflation.

Macro update
The momentum in the global economy remains strong, according to the most recent manufacturing survey releases. The bellwether US ISM manufacturing index surged to 57.8 in June, from 54.9 in May. This takes it above the peak seen in February (57.7) and therefore reverses the recent decline in the index.

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